Category: New Investments

Nairobi-based Purple Elephant Ventures (PEV), a startup studio focused on tourism, has secured an extra $500,000 to boost its seed funding round to $5 million.

The ECOWAS Bank for Investment and Development (EBID) has approved new funding worth €230 million and $10 million to support infrastructure projects and private sector development across West Africa.

Paytic, a technology company helping banks and financial service providers streamline its payment operations, has secured $4 million in a seed extension round.

Kenyan-based digital bank Umba has secured a $5 million debt facility from Star Strong Capital to accelerate its growth and reach more customers across Africa.

The International Finance Corporation (IFC) has announced a $12 million investment to support the creation of Sierra Leone’s first major commercial onion farm.

Surayyah Ahmad, a seasoned entrepreneur and co-founder of two previous ventures, has launched Sabou Capital, a new investment fund aimed at closing funding gaps for small and medium-sized enterprises (SMEs) in West and Central Africa.

Village Capital, a global pioneer in early-stage impact investing, has launched the second edition of its Greentech Africa accelerator programme.

The International Finance Corporation (IFC), the private investment arm of the World Bank, has announced a $100 million investment in Raxio Group to support the development of data centres across Africa.

Ivorian fintech company Djamo has raised $17 million in a new funding round to expand its financial services across Francophone Africa.