The Empower Africa Business Platform is Now Live !!!
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.
Pan-African fintech leader Flutterwave has acquired 13 new money transmission licenses in the United States, significantly expanding its reach in the crucial cross-border payments market.
Gebeya, a pioneer in African tech talent development, has announced a significant shift in its focus, transitioning from a SaaS-enabled tech talent marketplace to an all-in-one talent cloud provider.
Ghanaian healthtech startup Rivia has announced the acquisition of Waffle, a local software-as-a-service (SaaS) company specializing in solutions for small and medium-sized businesses (SMBs).