Category: New Investments

Access Bank Plc, Nigeria’s largest bank by assets, received a $30 million loan from Swedfund, a Swedish development finance institution, to support small and medium-sized enterprises (SMEs) in the country.

South African travel technology company TurnStay has secured a $300,000 funding round from DFS Lab and Digital Currency Group (DCG), both headquartered in the United States.

Kenyan climate tech startup Bio-Logical has secured $1.3 million in funding to boost its Mount Kenya biochar production facility.

West Africa-focused fund manager Oasis Capital Ghana has secured $33.3 million in initial commitments for its new $100 million Oasis Africa Fund II (OAF II).

Sanari Capital, a private equity firm focused on African growth companies, announced an R80 million (approximately $4.4 million) follow-on investment in EduLife Group, a network of independent schools in South Africa.

Uncover, a Kenyan innovator in personalized skincare, has secured $1.4 million in seed funding to fuel its expansion into the United States, Ghana, and Uganda.

Kenya’s push for green transportation has received a significant boost with a $307 million investment from Norwegian investment fund Norfund.

BasiGo Rwanda has secured a significant grant to upgrade its charging infrastructure and support its growing fleet of electric buses in Kigali.

Eleven African nations are set to receive a share of a $16.2 million project aimed at establishing National Broadband Mapping Systems.