Tag: Digital Transformation

Egypt-based micromobility startup Rabbit Mobility has successfully secured $1.3 million in a fresh investment round aimed at accelerating its expansion across Egypt and North Africa.

The International Finance Corporation (IFC) has committed up to $25 million to Acumen’s Hardest-to-Reach (H2R) Fund, a $200 million initiative aimed at improving energy access in underserved regions of Sub-Saharan Africa.

Waribei, a fintech startup based in Ivory Coast, has successfully secured €750,000 ($820,462) in pre-seed funding to advance its innovative inventory financing solution designed for small traders across Africa.

AfricInvest, a prominent pan-African investment platform, has successfully closed its Transform Health Fund (THF) at $111 million, surpassing its original target.

Bpifrance, the largest venture capital (VC) firm in France, has recently expanded its footprint into Egypt as part of its broader strategy to penetrate the Africa and Middle East (AME) regions.

Equator Africa, a venture capital firm, has secured an additional $5 million from the International Finance Corporation (IFC) to support businesses and foster innovation within Africa’s climate tech sector.

A consortium of leading institutions, including the SA SME Fund, the Department of Science and Innovation (DSI), the Technology Innovation Agency (TIA), and E Squared Investments, has launched a R300 million (approximately $17 million) seed fund aimed at supporting tech startups in South Africa.

AMAKA Studio has raised $2 million in seed funding, aimed at advancing its mission of empowering Black and African creators worldwide.

ARISE Integrated Industrial Platforms (ARISE IIP), a leading developer and operator of industrial parks across Africa, has successfully raised $443 million in new capital to fuel its expansion efforts.