Category: New Investments

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

The Public Investment Corporation (PIC) has invested $40 million in Africa50 Group, a leading pan-African infrastructure investor and asset manager.

Egyptian semiconductor startup InfiniLink has raised $10 million in seed funding to accelerate the development of its energy-efficient optical connectivity solutions, designed for artificial intelligence (AI)- powered data centres.

Inspired Evolution, a private equity firm that invests in clean energy across Africa, has officially closed its Evolution III Fund with a total commitment of $238 million.

Nigerian edtech startup AltSchool Africa has launched a new initiative to help Africans access artificial intelligence (AI) education.

South African startup Jem HR, a platform that helps companies manage HR and employee benefits through WhatsApp, has raised $3.3 million in a pre-Series A funding round.

Cassava Technologies has teamed up with Nvidia to launch Africa’s first AI factory, which will be built in South Africa.

Egyptian startup enza has secured $6.75 million in seed funding to expand its digital payment services across Africa.

DEG, the German development finance institution, has increased its investment in Mediterrania Capital IV Mid-Cap by an additional €15 million.