Category: New Investments

Ninety One, a leading investment firm, has announced the first close of its third Africa and emerging markets-focused credit opportunities strategy, securing $260 million in commitments.

Kenyan renewable energy startup Hydrobox has secured $9 million in debt funding to expand its small hydro projects, delivering affordable and reliable electricity to underserved communities in Kenya.

The International Finance Corporation (IFC) has committed $25 million to support the expansion of off-grid solar systems in sub-Saharan Africa.

Visa has announced the 19 African startups selected to participate in the third cohort of its Visa Africa Fintech Accelerator program.

Amenli, an Egyptian insurtech startup, has raised $2.3 million in funding to accelerate its growth and enhance its service offerings.

Shyft Power Solutions, a Nigerian leader in digital energy solutions known for its community-metering innovations, has been acquired by UK-based energy revenue management company SteamaCo.

Lingawa, a Techstars-backed edtech startup, has announced a strategic pivot from academic tutoring to African language learning, reflecting its mission to preserve and promote native languages.

Ten promising startups have been selected to compete in the African final of the prestigious Latitude59 competition.

South African private equity firm Sanari Capital has announced a significant R87.5 million (approximately $5 million) investment in Energenic Holdings, a leading provider of energy generation products and solutions operating in over 32 African countries.