Tag: Digital Transformation

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.

Egyptian fintech unicorn MNT-Halan has successfully raised about $71.4 million through its seventh securitised bond issuance, underlining its growing dependence on debt markets to fuel expansion.

The European Union has unveiled a €545 million (about US$636 million) investment package to boost clean energy and modernise electricity networks in nine African nations.

The European Investment Bank (EIB) is preparing to invest USD 38 million in Tanmiya Capital Ventures Fund II, a private equity vehicle aimed at strengthening Egypt’s private sector while enhancing trade and investment links with the European Union.

Norway’s development finance institution, Norfund, has pledged up to US$6 million to support the farmer-led acquisition of Langeberg Foods, a major South African canned fruit producer.

REasy, a trade finance startup based in Cameroon, has raised $1.8 million in pre-seed funding to make it easier for small and mid-sized businesses in Africa to pay international suppliers.

Inspired Evolution, through its Evolution III Fund, has invested $20 million in Cold Solutions East Africa Holdings (CSEAHL), a company that builds and operates temperature-controlled warehouses and logistics facilities across East Africa.

The International Finance Corporation (IFC) is considering an equity commitment of up to $6 million to Catalyst Fund, a climate-technology venture vehicle targeting $40 million for early-stage investments across Africa.