Tag: Digital Transformation

African seed-stage investor Ventures Platform has announced that the first close of its second institutional vehicle, VP Pan‑African Fund II, has reached US $64 million, with a target of reaching US $75 million at final close.

The European Investment Bank (EIB) has invested €20 million in the Amethis Europe Expansion Fund, a new private equity initiative that will help European small and medium-sized enterprises (SMEs) grow their presence in Africa, Europe, and the Middle East.

Pan-African early-stage fintech fund manager First Circle Capital, backed by development partner International Finance Corporation (IFC) of the World Bank Group, has pledged up to $6 million to accelerate fintech innovation across Africa.

Kenyan agri-tech startup Farm to Feed has secured a $1.5 million seed funding round to accelerate its operations and support the development of a more climate-resilient food system across Africa.

Private equity firm Mediterrania Capital Partners has announced a €100 million co-investment into Coris Holding, the second-largest banking group in the West African Economic and Monetary Union (WAEMU) region.

Germany’s development finance institution DEG has announced a US$25 million commitment to Helios Fund V, the fifth private-equity vehicle managed by London-based Helios Investment Partners.

The African Development Bank (AfDB) has pledged US$75 million in financing to Nyanza Light Metals, a South Africa–based company, to help establish a titanium-dioxide pigment production facility in the Richards Bay Industrial Development Zone (RBIDZ), KwaZulu-Natal.

The global climate finance body, the Green Climate Fund (GCF), has pledged up to US$40 million to the third fund of Novastar Ventures in Africa — the Africa People and Planet Fund III (NVIII).

Cassava Technologies, the pan-African digital-infrastructure group founded by Strive Masiyiwa, has announced that it has secured a strategic investment from global chip manufacturer NVIDIA.