Tag: Digital Transformation

South African agri-tech company Khula has successfully raised $6.8 million in its ongoing Series A funding round, with backing from notable investors including Absa Bank and PepsiCo.

The European Investment Bank (EIB) has officially joined forces with the Africa Finance Corporation (AFC) in financing the $750 million Infrastructure Climate Resilient Fund (ICRF), a major initiative aimed at accelerating climate adaptation and sustainable infrastructure development across Africa.

LoftyInc Capital Management has successfully closed the first round of funding for its latest investment vehicle, the LoftyInc Alpha Fund, raising $43 million.

Ghana International Bank plc (GHIB) and British International Investment (BII) have announced a landmark $50 million trade finance facility aimed at supporting businesses in Sierra Leone, Liberia, The Gambia, Benin, the Democratic Republic of Congo (DRC), Rwanda, and Tanzania.

Climate Fund Managers (CFM), a climate-focused blended finance investment firm operating across Africa, Asia, and Latin America, has announced a new initiative to co-develop a 30MW municipal waste-to-energy project in Freetown, Sierra Leone.

The European Investment Bank (EIB Global) has pledged a $75 million investment in Helios Fund V, a private equity fund managed by Helios Investment Partners.

Summit Africa, a South African fund manager, has launched its second private equity fund, Summit Private Equity Fund II (SPEF II), with an initial $20 million anchor investment from British International Investment (BII), the UK’s development finance institution and impact investor.

The Private Infrastructure Development Group (PIDG) and EDFI Management Company, through the Electrification Financing Initiative (ElectriFI), have committed €4 million to support the expansion of Emerging Cooking Solutions (Supamoto) in Zambia.

West African super app Gozem has raised $30 million in Series B funding to drive its expansion and enhance digital services across Francophone Africa.