Category: New Investments

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.

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.