Category: New Investments
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AfDB Backs Zambia’s SME Trade Growth with $20 Million Guarantee for Access Bank
The African Development Bank (AfDB) has approved a $20 million trade finance guarantee for Access Bank Zambia, a move expected to strengthen small and medium-sized enterprises’ (SMEs) ability to participate in cross-border trade and access critical imports.
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Anzana Secures $20 Million BII Financing to Expand Small Hydropower Projects Across Africa
Anzana Electric Group has secured a $20 million debt facility from British International Investment (BII), the UK government’s development finance institution, to accelerate the rollout of small-scale hydropower projects across several African markets.
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Tanzania-Born Fintech Nala Raises $50 Million Credit Line to Expand Stablecoin Payment Network
Tanzanian-founded fintech company Nala has secured up to $50 million in credit financing from global private credit firm Liquidity, as the company moves to strengthen its cross-border payment infrastructure amid growing demand for faster international transactions.
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AHL Venture Partners Secures $30.5 Million First Close for Africa-Focused Credit Fund
AHL Venture Partners (AHL) has secured a first close of $30.5 million for its new private credit vehicle, the AHL Africa Credit Fund I, marking a major step in the firm’s push to expand debt financing for African businesses.
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Sabou Capital Backs Tomato Jos With $2 Million Facility to Expand Local Tomato Processing in Nigeria
Sabou Capital has provided a $2 million impact-linked debt facility to Nigerian agro-processing company Tomato Jos in a move aimed at expanding local tomato production and reducing the country’s reliance on imports.
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Norfund and GhISP Partner to Strengthen Access to Capital for Ghanaian SMEs
The Ghana Investment Support Programme (GhISP) has brought Norway’s development finance institution, Norfund, on board as a funding partner in a move expected to deepen support for small and medium-sized businesses in Ghana.
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Edge Growth Backs Mia Healthcare With New Funding to Expand Affordable Dental Care in Southern Africa
South African healthtech startup Mia Healthcare Technologies has raised R15 million (approximately US$910,000) from the Vumela Fund, a venture capital fund managed by Edge Growth, to expand affordable dental and orthodontic services across Southern Africa.
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IFC Discloses Plan to Invest Up to $23 Million in Cygnum Capital-Managed Africa Go Green Fund
The International Finance Corporation (IFC) is considering a new investment of up to $23 million in Africa Go Green, a climate-focused investment fund that supports projects aimed at cutting greenhouse gas emissions across Africa.
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FASA Makes First Investment with $5 Million Backing for Catalyst Fund
Financing for Agricultural SMEs in Africa (FASA) has completed its first investment, committing $5 million to Catalyst Fund.