Category: New Investments

Cascador and Sterling Bank have announced a $200 million SME Credit Backstop Fund designed to help Nigerian small and medium-sized enterprises secure larger, longer-term bank loans with lower collateral requirements.

Nithio has provided financing to Nigerian electric mobility company MAX, bringing its Series B3 funding round to $29 million to support the expansion of electric motorcycles and solar-powered charging and battery-swapping infrastructure across African markets.

AfricaWorks Investment Partners (AWIP), the real estate investment arm of flexible workspace operator AfricaWorks, has closed its second fund with $25 million in equity and debt to acquire and develop mixed-use properties in West Africa.

The African Local Currency Bond Fund, managed by Cygnum Capital, has invested approximately $7 million in Senegalese agricultural producer Swami Agri’s debut green bond, valued at approximately $52.2 million.

Kenyan-founded space technology startup Satlyt has raised $8 million in seed funding to expand software that enables satellites to process data and run artificial intelligence applications in orbit.

Finance Earth, FSD Africa and its investment arm, FSD Africa Investments (FSDAi), have launched the Africa Nature Impact Fund, targeting $100 million to finance early-stage conservation and nature-based carbon projects across Africa.

OPay, the fintech company focused primarily on Nigeria, has filed for an initial public offering on the New York Stock Exchange, alongside a proposed investment of up to $200 million from Standard Bank Group.

South African private equity firm Infinite Partners has completed fundraising for its Core Equity Fund II, securing approximately $169.8 million to finance growth and ownership transactions in established mid-market businesses.

East Africa Foods (EAF), a Dar es Salaam-based agritech and food distribution company, has raised approximately $40 million to expand its processing, storage, transport, and digital infrastructure.