Category: New Investments

Beacon Power Services (BPS), an innovative energy technology company, has successfully secured funding through a Series A financing round.

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.

Visa has announced investments in four fintech startups that recently graduated from its Africa Fintech Accelerator program.

British International Investment (BII), the UK’s development finance institution, has unveiled a $150 million trade facility with Absa Group.

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%.

Egyptian firm Raya Foods has secured a $40 million investment from Helios Investment Partners.

Oyster Agribusiness, a Ghana-based agri-tech firm championing climate-smart agriculture, has successfully raised $2 million in funding to scale up its operations and strengthen the resilience of the country’s agricultural sector against climate challenges.

Google has announced a $5.8 million initiative to strengthen artificial intelligence (AI) training and skills development in sub-Saharan Africa.

Twenty African tech ventures—comprising 10 startups and 10 scale-ups—are set to pitch their innovations to potential investors at the upcoming Angel Fair Africa event in Nairobi, Kenya, on November 7-8.