Category: New Investments

Biochar Industrial Group (BIG), a Nigeria-based climate technology company, has raised $1.5 million in pre-seed funding to expand its biochar production model across sub-Saharan Africa.

The African Export-Import Bank has extended a $10 million financing facility to Azania Bank Plc to improve access to capital for small and medium-sized enterprises operating across Tanzania’s export value chains.

All On Partnerships for Energy Access has invested $5 million in PowerGen Renewable Energy Nigeria Limited to expand renewable electricity infrastructure for underserved households, businesses, and industrial customers across Nigeria.

Airnergize Capital, the clean technology investment platform within New GX Capital, has closed its first fund at approximately $239 million to finance energy, water and gas infrastructure businesses across Southern Africa and other African markets.

Madica has committed up to $1 million to five African startups, expanding the pre-seed investment program into Algeria and Cameroon for the first time.

Egypt-founded financial technology company Synapse Analytics has raised $13 million in Series A funding to expand its AI decisioning platform for regulated financial institutions across Africa, the Middle East, Latin America, and other international markets.

South Africa-based Grindstone Ventures has launched a R500 million venture fund, equivalent to about $31 million, to invest in high-growth, technology-enabled African businesses from Seed through Series A.

Proparco has committed $15 million to Capitalworks IV, a private equity fund managed by South African investment firm Capitalworks, to support the expansion of mid-sized businesses in South Africa.

Kenya-based electric mobility company ARC Ride has raised $33.3 million in equity and debt financing to expand its battery-swapping network and electric two- and three-wheeler platform in Kenya and additional African markets.