Category: New Investments

The International Finance Corporation (IFC) has proposed investing up to $30 million in Capital Alliance Private Equity Fund V (CAPE V), sponsored by Lagos-based African Capital Alliance (ACA).

Sahara Impact Ventures and Acumen have invested in Ghanaian agribusiness Wami Agro to expand its operations, improve market access for smallholder farmers, and support the establishment of a processing facility in Ghana.

Enza Capital, a Nairobi-based venture capital firm, has launched a dedicated fund to invest in artificial intelligence startups and businesses using AI across Africa.

British International Investment (BII), the UK’s development finance institution, has announced a $7 million debt facility for Okra Solar to finance equipment purchases and expand electricity access, primarily in rural Nigeria.

The European Investment Bank has committed $37.5 million through EIB Global to Tanmiya Capital Fund II, helping the Egypt-focused investment fund raise $130 million for growing businesses.

Madica has secured an additional $6 million from Flourish Ventures to invest in 25 to 30 African startups over the next three years.

The Nclude Fund, advised by DPI Venture Capital, has reached a final close of more than $112 million to invest in financial technology and related businesses across Africa and the Middle East.

Ground Up Investing, the impact investing arm of Corus International, has announced a $6 million first close for its second fund, which will provide working capital loans to agricultural businesses in Kenya, Uganda and Rwanda, alongside three Latin American markets.

Afreenergy Solar has secured a senior debt facility equivalent to approximately $13.5 million from the Renewable Energy Performance Platform 2 (REPP 2), a private debt fund managed by UK-based Camco, to refinance operating rooftop solar assets and develop new solar and battery storage projects for businesses in Senegal.