The U.S International Development Finance Corporation (DFC) has invested $25 million in Novastar Ventures to support and invest in early stage startups in Africa
This investment will enable the Pan-African venture capital firm to continue its mission of backing innovative and impactful startups that are driving positive change in Africa. With a focus on sectors such as healthcare, education, and financial inclusion, Novastar has already made significant investments in several African startups.
Novastar will roll out the funding under its new investment vehicle Africa People + Planet Fund. The Africa People + Planet Fund is Novastar’s third pool after the $108 million Africa Fund II, which saw it widen its geographical reach to include West Africa.
Koree, a Cameroonian fintech company, has been crowned the winner of the 2023 Ecobank Fintech Challenge.
Botswana and De Beers have concluded a historic 10-year agreement that strengthens the country’s position in diamond sales while reinforcing its critical mining sector.
Liquid Intelligent Technologies has announced a strategic partnership with US-based Globalstar to deliver cutting-edge 5G connectivity solutions across Africa, the Middle East, and the Gulf region.
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