Tag: Digital Transformation

Canada’s development finance institution, FinDev Canada, has committed a USD 100 million loan to the Africa Finance Corporation (AFC), a major infrastructure financier in Africa.

The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has proposed plans to invest up to US $7 million in the Moroccan proptech startup Yakeey.

Nigerian fintech Moniepoint Inc. has successfully raised more than US$200 million in a Series C equity financing round.

Nairobi-based mobility firm Spiro has raised $100 million in a funding round — the largest investment ever made in Africa’s two-wheel electric mobility sector.

British International Investment (BII), the UK’s development finance institution, has made a major anchor commitment to Enko Capital’s new private credit vehicle — the Enko Impact Credit Fund (EICF).

The International Finance Corporation (IFC) has revealed plans to take an equity stake of up to $25 million in the African Transition Acceleration Fund (ATAF), a new vehicle set up to speed up clean-energy and low-carbon transport ventures across the continent.

B2B fintech company Kuunda—headquartered in the UK but focused on Tanzania and broader African markets—has raised US$7.5 million in a pre-Series A funding round.

Nigerian cleantech startup Rana Energy has secured a $3 million pre-seed investment to accelerate its expansion across Africa.

Moroccan fintech-commerce startup Chari has secured $12 million in a Series A funding round, with SPE Capital and Orange Ventures leading the investment.