Category: New Investments

Twelve African entrepreneurs were celebrated for their innovative solutions to poverty during the inaugural FINCA Ventures Prize Competition.

Renew Capital, a firm specializing in impact investments across Africa, has announced its debut investment in Ghana.

Johannesburg-based business process outsourcing (BPO) company Procera Group has secured R346 million (US$18.8 million) in funding from Africa-focused investment firm Vantage Capital.

Verod-Kepple Africa Ventures (VKAV), a pan-African venture capital firm, has closed its first fund at $60 million.

Pan-African beauty startup Zuri has secured its first institutional tech investment from Launch Africa Ventures.

Adenia Partners, a Mauritius-based private equity firm specializing in African investments, has announced the successful closing of its fifth and largest Africa-focused fund, the Adenia Africa Fund, at $470 million.

BURN Manufacturing, a leading Kenyan clean cookstove producer, has secured $12 million to accelerate the distribution of its clean cooking solutions across Africa.

Zeepay, a leading Ghanaian remittance and mobile money provider, announced today the closing of a $3 million equity investment from Verdant Capital Hybrid Fund. This marks Verdant Capital’s fourth investment in just over two years.

Kenyan travel technology startup Triply has secured a significant investment of $500,000 from Y Combinator, a world-renowned startup accelerator.