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This latest funding brings the total amount raised by Inclusivity Solutions to nearly $4.5 million and will be used to support the company’s pan-African expansion plans.
Founded in 2015, Inclusivity Solutions designs, builds, and operates inclusive, embedded digital insurance solutions and delivers them through digital channels in partnership with mobile operators, insurance companies, and other distribution partners.
The company’s mission is to make simple and affordable insurance cover accessible to underserved and unserved communities across Africa.
Inclusivity Solutions has already achieved significant traction, serving over two million customers in eight African markets.
With the new funding, the company plans to expand its reach to at least 12 African markets by the end of 2024.
The company will also continue to invest in its no-code, open-API platform, which enables distribution partners and insurers to offer a full range of insurance products in a matter of hours.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

Airnergize Capital, the clean technology investment platform within New GX Capital, has closed its first fund at approximately $239 million to finance energy, water and gas infrastructure businesses across Southern Africa and other African markets.

OX Delivers, a British e-mobility transport service, has secured a £1.2 million ($1.5 million) grant from Energy Catalyst, an Innovate UK program.

The global climate finance body, the Green Climate Fund (GCF), has pledged up to US$40 million to the third fund of Novastar Ventures in Africa — the Africa People and Planet Fund III (NVIII).