Category: New Investments

Moroccan startup ORA Technologies has raised $7.5 million in its Series A funding round.

A new company has been established to assist small and medium-sized enterprises (SMEs) in Zambia in securing long-term funding.

Rwazi, an African-founded artificial intelligence startup focused on market intelligence, has closed a $12 million Series A funding round.

Palm, a financial technology startup based in Egypt, has completed its pre-seed funding round.

Sahel Capital, an investment company with a focus on agriculture and food sectors in sub-Saharan Africa, has finalized a $1 million loan agreement with Camino Ruiz, a Kenyan company that specializes in fish processing and distribution.

The Africa Go Green Fund (AGG), overseen by Cygnum Capital, has approved an $18 million senior debt facility for Cold Solutions Kazi Limited.

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.