Category: New Investments

Nairobi-based mobility firm Spiro has raised $100 million in a funding round — the largest investment ever made in Africa’s two-wheel electric mobility sector.

British International Investment (BII), the UK’s development finance institution, has made a major anchor commitment to Enko Capital’s new private credit vehicle — the Enko Impact Credit Fund (EICF).

The International Finance Corporation (IFC) has revealed plans to take an equity stake of up to $25 million in the African Transition Acceleration Fund (ATAF), a new vehicle set up to speed up clean-energy and low-carbon transport ventures across the continent.

B2B fintech company Kuunda—headquartered in the UK but focused on Tanzania and broader African markets—has raised US$7.5 million in a pre-Series A funding round.

Nigerian cleantech startup Rana Energy has secured a $3 million pre-seed investment to accelerate its expansion across Africa.

Moroccan fintech-commerce startup Chari has secured $12 million in a Series A funding round, with SPE Capital and Orange Ventures leading the investment.

Egyptian fintech unicorn MNT-Halan has successfully raised about $71.4 million through its seventh securitised bond issuance, underlining its growing dependence on debt markets to fuel expansion.

The European Union has unveiled a €545 million (about US$636 million) investment package to boost clean energy and modernise electricity networks in nine African nations.

The European Investment Bank (EIB) is preparing to invest USD 38 million in Tanmiya Capital Ventures Fund II, a private equity vehicle aimed at strengthening Egypt’s private sector while enhancing trade and investment links with the European Union.