Category: New Investments

Finnfund, a Finnish development finance institution, has committed a $4 million debt investment to Kenyan internet provider Poa Internet to accelerate the rollout of affordable, high-speed broadband across underserved and low-income communities in Kenya.

Uncovered Fund, a Tokyo-based venture capital firm, has teamed up with Japanese financial services group Monex Ventures to roll out the Uncovered Monex Africa Investment Partnership (UMAIP)—a $20 million fund designed to fuel early-stage innovation across Africa and the Middle East.

Swiss impact investor Symbiotics has provided a USD 5 million debt facility to Complete Farmer, the Ghanaian agritech startup focused on strengthening agricultural value chains in West Africa.

Sumitomo Mitsui Banking Corporation (SMBC), under its parent Sumitomo Mitsui Financial Group (SMFG), has agreed to invest in the Novastar Ventures Africa People and Planet Fund III, L.P., managed by Novastar Ventures Ltd.

Japanese agri-tech innovator Degas Limited has pledged a US $100 million investment over four years to help transform Ghana into Africa’s inaugural AI-driven agricultural hub.

Benin is moving forward with a major renewable energy initiative through a partnership between Axian Energy, a pan-African developer, and Sika Capital Bénin.

The Facility for Energy Inclusion (FEI), managed by Cygnum Capital, will provide a $5.7 million senior debt facility as the sole lender to finance Qair Group’s 5.8 MWp floating solar project in Seychelles.

Sahel Capital, manager of the Social Enterprise Fund for Agriculture in Africa (SEFAA), has secured a $10 million commitment from the Mastercard Foundation Africa Growth Fund, which is administered by Mennonite Economic Development Associates (MEDA) in Mauritius.

CrossBoundary Energy (CBE) has obtained a $40 million equity-like investment from Impact Fund Denmark (IFDK).