Category: New Investments

ARM-Harith Infrastructure Investments has reached the first close of its successor infrastructure fund, raising approximately $76 million as it seeks to channel more African institutional capital into critical infrastructure projects across the continent.

Egyptian fintech startup Blnk has raised a total of $37.1 million in fresh funding as it looks to broaden access to consumer credit and strengthen financial inclusion across the country.

3IF Ventures, a venture capital fund focused exclusively on Africa’s insurance technology sector, has announced the first close of its Inclusive Insurance Investment Fund at $12 million.

French development finance institution Proparco has extended a new financing facility to Kenyan healthtech company Tibu Health, providing fresh capital to support the expansion of its primary healthcare network.

South African venture capital firm Aions Ventures has unveiled a new ZAR100 million (US$6.1 million) investment vehicle aimed at supporting early-stage technology startups as they move from initial market traction to larger growth-stage funding rounds.

BluePeak Private Capital has committed $16 million to Groupe Centaures, one of Côte d’Ivoire’s leading indigenous logistics companies, in a deal designed to support both business expansion and environmental sustainability.

BluePeak Private Capital has committed $16 million to Groupe Centaures, one of Côte d’Ivoire’s leading indigenous logistics companies, in a deal designed to support both business expansion and environmental sustainability.

African electric mobility company Spiro has raised $215 million in fresh funding to accelerate the expansion of its electric vehicle ecosystem and battery-swapping infrastructure across the continent.

The African Development Bank (AfDB) has approved a $20 million trade finance guarantee for Access Bank Zambia, a move expected to strengthen small and medium-sized enterprises’ (SMEs) ability to participate in cross-border trade and access critical imports.