Category: New Investments

Coca-Cola has announced plans to invest $1 billion in its Nigerian operations over the next five years.

Userguest, a Moroccan tech startup that helps hotels optimize their direct revenue, has secured €2.2 million (approximately $2.4 million) in seed funding.

Farid, a pioneering Egyptian edtech startup, has successfully secured $250,000 in pre-seed funding from Saudi entrepreneur Amal bint Abdulaziz Al-Ajlan.

Uncap, a venture capital firm operating in Munich and Nairobi, has announced the launch of a $33 million fund aimed at supporting the growth of small and medium-sized enterprises (SMEs) across Africa.

Egypt-based B2B payment platform, SETTLE, has secured $2 million in a pre-seed funding round.

Foodpreneurs Hub, a Nigerian-founded foodtech platform, has announced a successful pre-seed funding round of $500,000.

South African fintech startup Happy Pay has secured R32 million ($1.8 million) in pre-seed funding to fuel its growth and expand its Buy Now, Pay Later (BNPL) offerings.

Algeria-based edtech startup LabLabee has secured $3.4 million in seed funding to accelerate the adoption of 5G, cloud, and AI technologies in the telecom and industrial sectors.

The Mastercard Foundation has announced a significant expansion of its partnerships with the Campaign for Female Education (CAMFED) and the Forum for African Women Educationalists (FAWE) to support young women and girls in Africa.