Category: New Investments

South African solar-as-a-service company Wetility has raised ZAR500 million (US$27.8 million) through a structured capital partnership with Jaltech to boost access to clean, affordable energy across the country.

The British International Investment (BII), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD)—have pledged a combined $479.1 million to Obelisk Solar Power, a project vehicle owned by renewable energy company Scatec.

Octane, a fintech firm specializing in digital payment solutions for fleet operations, has successfully raised $5.2 million in a funding round aimed at accelerating its regional growth and technological development.

DisrupTech Ventures, a fintech-focused investment firm based in Egypt, has made its first investment outside Egypt by backing Nigerian startup Winich Farms. The funding is part of Winich’s pre-Series A round.

Nigerian mobility fintech Moove is seeking to raise $300 million in equity funding, a move that could elevate its valuation beyond $1 billion, positioning it among Africa’s unicorn startups.

CrossBoundary Access and ANKA have entered into a $20 million agreement to set up and manage a series of solar-powered mini-grids in Madagascar.

Zero Carbon Charge, a South African startup specializing in off-grid, solar-powered electric vehicle (EV) charging stations, has received a R100 million (approximately US$5.6 million) equity investment from the Development Bank of Southern Africa (DBSA).

Nigerian safety footwear manufacturer Yikodeen has secured a $1.5 million investment from Aruwa Capital Management to enhance its production capabilities and broaden its market reach.

Kera Health Platforms, a Senegal-based health technology startup, has secured a $10 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group.