Category: New Investments

Lighthouse Capital is raising a $50 million private equity fund to invest in growing mid-market companies in South Africa and Kenya, combining equity financing with hands-on support for business operations.

British International Investment (BII), the UK’s development finance institution, has announced $65 million in commitments to expand financing for sustainable projects in Zambia and agricultural businesses in Zimbabwe.

Biochar Industrial Group (BIG), a Nigeria-based climate technology company, has raised $1.5 million in pre-seed funding to expand its biochar production model across sub-Saharan Africa.

The African Export-Import Bank has extended a $10 million financing facility to Azania Bank Plc to improve access to capital for small and medium-sized enterprises operating across Tanzania’s export value chains.

All On Partnerships for Energy Access has invested $5 million in PowerGen Renewable Energy Nigeria Limited to expand renewable electricity infrastructure for underserved households, businesses, and industrial customers across Nigeria.

Airnergize Capital, the clean technology investment platform within New GX Capital, has closed its first fund at approximately $239 million to finance energy, water and gas infrastructure businesses across Southern Africa and other African markets.

Madica has committed up to $1 million to five African startups, expanding the pre-seed investment program into Algeria and Cameroon for the first time.

Egypt-founded financial technology company Synapse Analytics has raised $13 million in Series A funding to expand its AI decisioning platform for regulated financial institutions across Africa, the Middle East, Latin America, and other international markets.

South Africa-based Grindstone Ventures has launched a R500 million venture fund, equivalent to about $31 million, to invest in high-growth, technology-enabled African businesses from Seed through Series A.