Category: New Investments

WaterEquity, a global asset manager committed to advancing water and sanitation solutions through private investment, has successfully raised over $100 million for its new initiative, the Water & Climate Resilience Fund.

Kenya has made a significant stride in building a responsible and inclusive artificial intelligence (AI) ecosystem with the introduction of the UK-Kenya AI Challenge Fund.

Incofin, through its Water Access Acceleration Fund (W2AF), has announced a $3 million investment in Spouts International, a leading East African manufacturer and distributor of ceramic water filters under the Purifaaya brand.

Google has unveiled the latest cohort of startups selected for the 2024 Google for Startups Accelerator Africa program, reinforcing its commitment to fostering Africa’s growing tech ecosystem.

Bootstrap Europe, a Luxembourg-based growth debt fund, is set to expand its operations into Africa.

Egyptian interior design platform Efreshli has raised an undisclosed seed funding round to enhance its offerings and expand its product line.

Standard Chartered Bank and British International Investment (BII), the UK’s development finance institution, have signed a $350 million risk participation agreement aimed at supporting the trade finance needs of small and medium-sized enterprises (SMEs) and corporates in Africa and South Asia.

The UK government, in partnership with FSD Africa, has unveiled a KSH 667 million ($5.2 million) initiative to improve financing access for small and medium-sized enterprises (SMEs) in Kenya.

Specialist agricultural investor AgDevCo has announced a $9.5 million mezzanine loan investment in Agventure, a Kenyan farmer-owned business pioneering regenerative agriculture in non-irrigated cereal-based systems.