Category: New Investments

Sony Group Corporation has launched the Sony Innovation Fund: Africa, a $10 million fund to support the growth of the continent’s entertainment sector.

Salient Predictions, a startup that develops AI-powered weather forecasting solutions, has secured a $2.9 million grant courtesy of the Bill & Melinda Gates Foundation.

Amenli, an Egyptian insurtech startup, has raised $1 million in equity funding to fuel its growth.

South African freight platform Linebooker has secured $3.5 million (R67 million) in investment from ARC Investments, a leading African investment firm.

The International Finance Corporation (IFC), a member of the World Bank Group, has announced an investment of $50 million in a new fund by LeapFrog Investments.

Google has selected 11 African Startups for its inaugural Africa AI First Accelerator Program.

Sanari Capital, a leading women-led and majority black- and women-owned private equity firm in South Africa, has closed the second round of its growth fund at R1.25 billion (approximately $65 million).

Alterra Capital Partners, a private equity firm founded in 2020 by former Carlyle Group employees, has raised $140 million in the first closing of a $500 million fund focused on investments in Africa.

WATT Renewable Corporation, a leading provider of hybrid solar solutions in Nigeria, has secured $13 million in funding from Empower New Energy.