Category: New Investments

Khula, a South African agritech startup dedicated to empowering farmers through a digital platform, has secured an undisclosed investment from a PepsiCo fund.

Waspito, a Cameroonian health startup pioneering telemedicine services, has successfully raised a $2.5 million seed extension in a funding round led by DP World.

FrontEdge, a Nigerian fintech startup based in Lagos, has successfully raised $10 million in a seed round of funding, with over 70% of the capital contributed through debt financing.

Ed Partners Africa, a Kenyan non-banking financial institution that specializes in providing loans to affordable private schools, has announced a $10 million loan guarantee facility from the United States’ Development Finance Corporation (DFC).

Shekel Mobility, a B2B auto dealers marketplace catering to the African used car market, has secured $7 million in funding to propel its growth and expansion plans.

The African Development Bank (AfDB) has approved a $300 million facility for South Africa to support its Energy Governance and Climate Resilience Programme.

Zambian social enterprise Good Nature Agro (GNA) has secured $8.5 million in equity funding from Goodwell Investments, Oikocredit, and Global Partnerships/Eleos Social Venture Fund (GP SVF).

South African recruitment startup JOBJACK has announced securing S$2.5 million in pre-Series A funding to revolutionize the entry-level recruitment process in the country.

Maisha Meds, a leading digital health organization in Africa, has received US$5.25 million in scale-up stage 3 funding from the United States Agency for International Development (USAID) Development Innovation Ventures (DIV).