Category: New Investments

AHL Venture Partners has completed the second close of its AHL Africa Credit Fund I at $45.5 million, advancing the private credit vehicle toward its $70 million fundraising target.

Village Capital has invested a combined $450,000 in Nigerian startups Trade Lenda and AirSmat through its $4 million Africa Ecosystem Catalysts Facility, extending the fund’s portfolio into Nigeria after its first investments in Ghana.

Nigerian fintech Nomba has secured a $3 million debt facility from CardinalStone Finance Company Limited to expand cross-border payments infrastructure connecting businesses in Central Africa with trading partners in Asia.

ChipMango, a California-headquartered semiconductor technology company, has raised $1.9 million in seed funding to expand its commercial engineering services and workforce development platform across Africa, the United States, and Europe.

WIOCC Group has signed a Shareholder Subscription Agreement with Africa Finance Corporation (AFC) and Saudi Arabian infrastructure investor Vision Invest for a combined $300 million investment to expand its digital infrastructure operations across Africa.

DOB Equity has invested in Irrisol Engineering, a Ugandan water infrastructure company that builds and operates solar-powered water systems for rural and peri-urban communities.

All On and Energise Africa have invested $4 million in Maskh Nigeria Limited to develop solar-powered mini-grids in 19 communities across Jigawa and Bauchi states in northern Nigeria.

South African venture capital firm Mamor Capital Ventures has secured an approximately $18.6 million first close for its inaugural fund, giving it capital to invest in post-revenue technology businesses in the country.

Small Foundation has made an undisclosed investment in Unmarkets, a Nairobi-based venture builder that creates food and agricultural businesses with established African-owned companies.