Category: New Investments

Yamify, a startup created for developers, freelancers, and web agencies, has launched with the mission of making high-performance AI tools accessible across Africa.

Saudi Arabia’s Vision Invest has acquired a stake in Arise Integrated Industrial Platforms (Arise IIP) via a capital injection of $700 million, in what is one of the biggest private infrastructure financing events in Africa.

South African financial technology startup Float, a pioneering card-linked instalment provider, has secured US$2.6 million in a fresh funding round.

The Invigilator, a Johannesburg-based startup delivering AI-driven tools to uphold exam integrity, has closed a funding round of $11 million to accelerate its expansion beyond Africa.

The 16th African Food Systems Forum (AFSF) ended with a series of significant investment pledges aimed at transforming Africa’s agricultural landscape.

AgDevCo has invested $7 million in Planting Naturals, a Sierra Leone-based producer of certified organic palm oil.

Standard Bank has committed $10 million to the African Women Impact Fund (AWIF), a move aimed at empowering women fund managers across Africa.

Egyptian fintech startup Munify has successfully closed a $3 million seed funding round, spearheaded by the Silicon Valley accelerator Y Combinator, with backing from BYLD and Digital Currency Group (DCG).

Koolboks, a cleantech venture operating in Nigeria and France, has secured $ 11 million in Series A financing to expand its cooling-as-a-service model across Africa and establish its inaugural assembly facility in Nigeria.