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Category: New Investments
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Startupbootcamp, Mara Group and Blend Financial Services Plan $250 Million Africa Startup Fund
Startupbootcamp, Mara Group, and Blend Financial Services have announced plans to launch a $250 million fund aimed at accelerating the growth of African technology startups.
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ETG Gets $75 Million Financing From AfDB to Strengthen Agricultural Value Chain Operations in Africa
The African Development Bank Group has announced a $75 million financing package to support Export Trading Group (ETG), a Mauritius-based conglomerate with extensive operations throughout Africa.
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IFC and MIGA Back Morocco’s Tanger Med Port Expansion with $433 Million Sustainability-Linked Financing
The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both part of the World Bank Group, have joined forces with Morocco’s Tanger Med Port Complex in a significant expansion project for its truck and passenger terminal.
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African Startups Invited to Apply for Harvard’s New Venture Competition
African startups have been invited to apply for the prestigious New Venture Competition organized by Harvard Business School’s Africa Business Club.
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Beacon Power Services Secures Series A Funding to Expand to Eastern and Southern Africa
Beacon Power Services (BPS), an innovative energy technology company, has successfully secured funding through a Series A financing round.
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Mastercard and Diamond Trust Bank (DTB) Partner to Enhance Digital Payments in East Africa
Mastercard and Diamond Trust Bank (DTB) have entered into a significant 10-year agreement aimed at expanding digital payment solutions across Kenya, Uganda, and Tanzania.
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Visa Strengthens African Digital Economy with Investments in Four Fintech Startups
Visa has announced investments in four fintech startups that recently graduated from its Africa Fintech Accelerator program.
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British International Investment and Absa Group Announce $150 Million Trade Facility to Support African SMEs
British International Investment (BII), the UK’s development finance institution, has unveiled a $150 million trade facility with Absa Group.
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African VC Janngo Capital Closes Second Fund at $78 Million to Back African Entrepreneurs
Janngo Capital, an African venture capital firm, has successfully closed its second fund at $78 million, exceeding its initial goal of $63 million by 20%.