Category: New Investments

Hinckley E-Waste Recycling, a company based in Nigeria, has secured funding from Goodwell Investments and Alitheia Capital.

The International Finance Corporation (IFC) and Proparco have announced a joint investment of up to $50 million in Helios Sports and Entertainment Group (HSEG), a company focused on developing Africa’s sports, media, and entertainment industries.

British International Investment (BII), the UK government’s development finance institution, has invested £1.09 billion in African companies in 2024, aiming to support job creation, reduce dependency on aid, and address climate-related challenges.

Development Partners International (DPI), along with its co-investors, has finalized an agreement to invest $190 million in Alameda Healthcare, one of Egypt’s leading private healthcare groups.

Kenyan startup BuuPass has received new funding from Yango Ventures, the investment arm of Yango Group, to enhance its intercity travel booking services and broaden its presence in Africa.

Ethiopia has reached a deal with the World Bank to receive $1 billion in funding aimed at advancing its economic reform plans and boosting overall growth.

The 17th edition of the U.S.-Africa Business Summit took place in Luanda, Angola, drawing an unprecedented number of participants.

MTN Nigeria has launched a $1 billion cloud infrastructure initiative aimed at increasing its footprint in the country’s fast-growing cloud computing sector.

South Africa-based venture capital firm Knife Capital is celebrating its 15th anniversary with strategic Series A investments in two local startups, Sticitt and Optique, as part of its ongoing commitment to scaling innovation across the continent.