Category: New Investments

Africa Finance Corporation (AFC), a key player in infrastructure financing across the continent, has successfully raised $400 million through a Shariah-compliant Commodity Murabaha facility.

KCB Bank Kenya has received a significant financial boost from British International Investment (BII), securing a $100 million Tier 2 capital facility aimed at expanding lending to climate-related initiatives and women-owned businesses.

Oze, a Ghanaian fintech startup specializing in digital recordkeeping and financial services for micro, small, and medium enterprises (MSMEs), has received fresh funding from investors, including Visa and DEG.

Africa-focused agribusiness investment firm AgDevCo has received a significant financial boost through an $85 million joint investment from Swedfund, British International Investment (BII), and Norfund.

The British International Investment (BII) has announced an additional $4 million investment in SunCulture, a Kenya-based company specializing in solar energy solutions and irrigation equipment.

Acumen has invested in Wami Agro, a Ghanaian agritech startup.

Dabchy, a leading online marketplace for second-hand fashion in the Middle East and North Africa (MENA), has raised a seven-figure pre-Series A funding round.

Ethiopia’s agricultural sector, the Ethiopian Agricultural Businesses Corporation (EABC), Ethiopian Investment Holdings (EIH), and UK-based private equity firm Asset Green have entered into a shareholders’ agreement to launch a comprehensive dairy and crop farming initiative.

Microsoft has unveiled a $1 million initiative to train one million Nigerians in artificial intelligence (AI) and digital skills over the next two years.