Category: New Investments

The African Development Bank (AfDB) has announced a historic $11.1 billion in new investments for the 2024–2025 period, marking the highest annual commitment in its history.

Kenyan digital health startup MYDAWA has secured a $9.6 million investment from Denmark’s Investment Fund for Developing Countries (IFU) to expand its pharmacy network and digital healthcare services across East Africa.

Swedfund, Sweden’s development finance institution, has committed $10 million to Novastar Ventures’ Africa People + Planet Fund III (NVIII), a venture capital fund targeting early-stage businesses in Africa.

The African Development Bank (AfDB) has committed $100 million to Arise Integrated Industrial Platforms Ltd (ARISE IIP), a leading developer and operator of industrial zones in Africa.

British International Investment (BII) has committed $5 million in funding to ARC Ride to boost the adoption of electric motorbikes in Kenya.

The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, has raised $325 million in new debt financing to support essential infrastructure development across Africa and Asia.

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a joint initiative to drive project development across six sub-Saharan African countries: Benin, Côte d’Ivoire, Ghana, Kenya, Nigeria, and Senegal.

SA-based medical technology startup Impulse Biomedical has received a new round of funding from E Squared Investments and ANZA Capital.

GOGO Electric has secured a revolving working capital facility from the Africa Go Green Fund (AGG), managed by Cygnum Capital, to boost electric motorbike production in Uganda.