Category: New Investments

The International Finance Corporation has proposed an equity investment of up to $50 million in the Universal Green Energy Access Programme, a fund seeking to expand financing for distributed renewable energy projects across sub-Saharan Africa.

BluePeak Private Capital Fund II has invested an initial $12 million in Monty Mobile International to expand enterprise messaging services across Africa.

The International Finance Corporation has committed $25 million to Jumia Technologies AG as part of a $50 million equity raise aimed at expanding the company’s e-commerce and logistics operations across Africa.

Small Foundation has made an undisclosed capital commitment to AgDevCo Ventures, increasing the pool of long-term financing available to early-stage agricultural businesses in East Africa.

AHL Venture Partners has secured a further $15 million debt facility for the AHL Africa Credit Fund I, increasing the vehicle’s total capital raised to $45.5 million.

Africa-founded fintech company Yellow Card has secured $40 million in strategic equity financing to accelerate the expansion of its institutional stablecoin payments business.

Nigeria-founded mobility fintech Moove has become Africa’s newest unicorn after raising $250 million in a Series C funding round that valued the company at $2.1 billion.

Swedfund, Sweden’s development finance institution, has committed $12 million to the Acumen Resilient Agriculture Fund II (ARAF II).

British International Investment (BII), the UK’s development finance institution and impact investor, has committed $20 million to the Africa50 Infrastructure Acceleration Fund (IAF), strengthening efforts to mobilize long-term private capital for critical infrastructure projects across Africa.