Tag: Digital Transformation

SwiftVEE, described as Africa’s largest online livestock trading platform, has successfully closed a Series A funding round. However, deployment of the new capital depends on finalizing key opportunities in its pipeline.

Egyptian health-tech company Rology has confirmed that it has closed a growth funding round, with backing from global healthcare-investment leaders such as Philips Foundation, Johnson & Johnson Impact Ventures, Sanofi Global Health Unit’s Impact Fund and MIT Solve Innovation Future.

The 2025 edition of the Africa Investment Forum (AIF) Market Days concluded in Rabat, Morocco, with a total of US$15.3 billion pledged for 39 bankable projects.

South African private-equity firm Summit Africa has secured a US$20 million commitment from the International Finance Corporation (IFC) toward its second fund, Summit Private Equity Fund II (SPEF II).

FSD Africa has unveiled a US$30 million venture fund, the Inclusive Insurtech Investment Fund (3iF), aimed at inviting more private capital into the continent’s insurtech industry.

The African Development Bank (AfDB) has approved a $15 million equity injection into Adenia Entrepreneurial Fund 1 (“AEF 1”), a private-equity vehicle managed by Adenia Partners.

Kenya-based SME lender Jackfruit Network secured a US$5 million financing facility backed by TLG Capital and the IDP Foundation.

Chui Ventures, the pan-African early-stage venture capital firm with a gender-inclusive investment philosophy, has closed its maiden Fund I at US$17.3 million, comfortably surpassing its initial target of US$10 million.

Cairo-based HR tech startup Bluworks has raised $1 million in a seed funding round to support its expansion across Egypt and into the broader Middle East and North Africa (MENA) region.