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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.

Cape Town-based venture capital firm HAVAÍC has completed the second closing of its African Innovation Fund 3, raising $25 million towards its $50 million target.

South African insurtech startup Inclusivity Solutions has announced the closing of a $1.5 million Series A extension round led by impact investment firm Goodwell Investments.

Egyptian social commerce platform Taager has successfully raised $6.75 million in a pre-Series B funding round to accelerate its growth within the Middle East and North Africa (MENA) region and enhance its technological capabilities.