Category: New Investments

Nairobi-based logistics technology company Leta has secured $5 million in seed funding to enhance its artificial intelligence (AI)-powered platform.

Mirova, an affiliate of Natixis Investment Managers, has announced financial support for KOKO, a company offering clean cooking solutions in Africa.

Alterra Capital Partners, a private equity firm focused on Africa, has received a $20 million investment from British International Investment (BII) to support its Alterra Accelerator Africa Fund (AAA Fund).

Ethiopian Airlines has signed a landmark agreement with the African Development Bank (AfDB) to develop Africa’s largest airport—the Bishoftu International Airport in Ethiopia.

The Climate Investment Fund, managed by Norfund, has announced a major investment in South Africa’s renewable energy sector.

The Nigeria Sovereign Investment Authority (NSIA), together with Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA), and Africa50, has launched a new initiative to boost access to clean energy in Nigeria.

The International Finance Corporation (IFC) has given a $30 million loan to Kazyon, a major Egyptian retail company, to support its growth in Morocco.

Equator, an African venture capital firm, has raised $55 million for its first fund aimed at supporting early-stage climate tech startups across the continent.

Tech giant Microsoft has unveiled plans to invest approximately USD 285 million (ZAR 5.4 billion) by the end of 2027 to enhance its hyperscale cloud and artificial intelligence (AI) infrastructure in South Africa.