Category: New Investments

Norway’s development finance institution, Norfund, has pledged up to US$6 million to support the farmer-led acquisition of Langeberg Foods, a major South African canned fruit producer.

REasy, a trade finance startup based in Cameroon, has raised $1.8 million in pre-seed funding to make it easier for small and mid-sized businesses in Africa to pay international suppliers.

Inspired Evolution, through its Evolution III Fund, has invested $20 million in Cold Solutions East Africa Holdings (CSEAHL), a company that builds and operates temperature-controlled warehouses and logistics facilities across East Africa.

The International Finance Corporation (IFC) is considering an equity commitment of up to $6 million to Catalyst Fund, a climate-technology venture vehicle targeting $40 million for early-stage investments across Africa.

Egyptian cleantech company, Tagaddod, has secured $26.3 million in a Series A funding round aimed at accelerating its expansion and deepening its capabilities in the renewable feedstocks market across Africa, Asia and Europe.

Gabonese telematics and fleet management startup POZI has raised €650,000 (about USD 690,000) in a funding round led by Saviu Ventures, with participation from Emsy Capital and advisory firm Chazai Wamba

Mawingu, a telecommunications firm specializing in delivering internet connectivity across rural and peri-urban East Africa, has secured a US$20 million investment from the Pembani Remgro Infrastructure Fund II (PRIF II).

Malian agritech and climate-insurance startup, OKO, has secured a new round of investment led by Catalyst Fund, with backing from two of its earlier backers.

Avanz Capital Egypt has joined Algebra Ventures’ second fund as a limited partner through a secondary transaction executed by its investment arm, Avanz Manara.