The Empower Africa Business Platform is Now Live !!!
Senegalese logistics company Chargel has secured $2.5 million seed funding for Francophone Africa expansion.
The funding round was led by Logos Ventures, with the participation of Ventures Platform Fund, Foundation Botnar, DFS Labs, and Seedstars. Founded in 2018, Chargel is revolutionizing the trucking industry in Francophone Africa by seamlessly connecting shippers with the perfect transporters at competitive prices and managing everything from payments to fuel and insurance.
As part of its mission to simplify the logistics landscape, the innovative startup is creating the biggest trucking network in Senegal. This move is aimed at empowering shippers to find reliable transporters while helping transporters increase their operations’ efficiency by maximizing truck capacity
British International Investment (BII), the UK’s development finance institution, has made a major anchor commitment to Enko Capital’s new private credit vehicle — the Enko Impact Credit Fund (EICF).
ORA Technologies, a Moroccan super-app, has raised $1 million in pre-seed funding from local private investors.
The Central Bank of Egypt (CBE) is set to unveil a groundbreaking initiative aimed at boosting investments across the African continent.