Category: New Investments

Mobile money operator Wave has secured $137 million in debt to ramp up its operations and expand into additional African markets.

African startups raised $1.4B in H1 2025—a 78% YoY increase—led by fintech, healthtech, and proptech. Discover key trends, top deals, and the shift toward equity and venture debt.

AXIAN Telecom, a prominent player in Africa’s telecommunications and digital services landscape, has finalized the successful pricing of its $600 million Senior Notes, set to mature in 2030.

Complete Farmer, a pioneering agritech company based in Ghana, has secured an investment of approximately €2.2 million (equivalent to $2.5 million) from the European Union-backed AgriFI initiative.

Better Auth, a developer-centric authentication platform based in Ethiopia, has successfully raised $5 million in a seed funding round.

Octopus Energy Generation, the clean energy investment arm of Octopus Energy, has unveiled a new initiative aimed at catalyzing renewable energy development across Africa.

The Sustainable Energy Fund for Africa (SEFA), a trust fund administered by the African Development Bank, has pledged $8 million as part of a broader $26.5 million financing arrangement for the 32-megawatt-peak (MWp) Ilute Solar Project in Zambia.

South African startup Open Access Energy (OAE) has successfully closed an oversubscribed seed funding round worth $1.8 million, aimed at fast-tracking the growth of its AI-powered platforms that support digital energy infrastructure and real-time electricity trading.

The International Finance Corporation (IFC) has unveiled a significant financing deal to advance Egypt’s transition to sustainable energy, with a $72 million loan package for the nation’s inaugural utility-scale battery energy storage system (BESS).