The Empower Africa Business Platform is Now Live !!!
The startup secured the investment from Verod-Kepple Africa Ventures (“VKAV”).
Chari | YC S21 | Ecom and Fintech apps for retailers in Francophone Africa, a Moroccan startup aiming to revolutionize the African retail industry, has secured $1.5 million in funding to fuel its growth. Founded in 2020, Chari has developed an advanced e-commerce platform that aims to bridge the gap between traditional brick-and-mortar stores and online shopping experiences.
The startup’s cutting-edge technology and user-friendly interface provide customers with a seamless and personalized shopping experience while empowering local retailers to digitize their operations. The $1.5 million investment will be instrumental in supporting Chari’s expansion plans, which include scaling its operations.
In addition to financial backing, Chari will benefit from the extensive industry expertise and network of its investors following the appointment of Ryosuke (Rio) Yamawaki, a Partner at VKAV, as a Strategic Advisor to Chari.

Grid Africa has secured a significant equity investment of $2.8 million from Rifuwo Energy Partners to accelerate its renewable energy projects across South Africa.

The European Bank for Reconstruction and Development (EBRD) has pledged up to US $80 million as a founding investor in the North Africa Fund III (NAF III).This fund is managed by RMBV.

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