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“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.

Egyptian interior design platform Efreshli has raised an undisclosed seed funding round to enhance its offerings and expand its product line.

Finnfund has announced an additional €2 million investment in Fibertime Group to help the company expand fibre internet access in South Africa.

Cairo-based venture capital firm Foundation Ventures has announced the first close of its new $25 million fund, FVFII, marking a significant step toward strengthening Egypt’s entrepreneurial ecosystem.