Tag: Digital Transformation
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Savannah Impact Advisory Secures $35 Million First Close for Ci Gaba Fund to Boost SME Financing in West Africa
Savannah Impact Advisory has announced the first close of its Ci Gaba Fund of Funds, securing GHS 383 million (approximately $35 million) in commitments.
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Novastar Ventures Closes $147 Million Fund to Back Climate-Focused Startups Across Africa
Novastar Ventures has secured $147 million for its third investment vehicle, marking a significant step in financing African startups focused on climate and inclusive growth.
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AfDB Invests €7.5 Million in Paris-Based Breega Fund to Back African Tech Startups
The African Development Bank Group has committed €7.5 million to the Breega Africa Seed I Fund, strengthening efforts to finance early-stage technology startups across the continent.
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GoSwap Secures Azur Innovation Fund Backing to Scale Electric Mobility Network in Morocco
Moroccan electric mobility startup GoSwap has secured its first external investment, raising funds from the Azur Innovation Fund as it looks to scale its battery-swapping infrastructure and expand the use of electric two-wheelers across the country.
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DEG Commits €15 Million to Adenia Fund Targeting Growth of African SMEs
German development finance institution DEG has committed €15 million to the Adenia Entrepreneurial Fund I (AEF I), a pan-African private equity vehicle managed by Adenia Partners.
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PIDG Invests €4.3 Million to Scale Afreenergy Solar’s Clean Energy Expansion in Senegal
The Private Infrastructure Development Group (PIDG) has announced a €4.3 million investment in Afreenergy Solar to support the expansion of clean energy solutions for businesses in Senegal.
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IFC Invests $45 Million in IPT PowerTech to Expand Clean Energy for Telecom Networks in Ethiopia, Liberia, and Sierra Leone
The International Finance Corporation (IFC) has committed $45 million to support the expansion of clean energy solutions for telecom infrastructure in Ethiopia, Liberia, and Sierra Leone.
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RMBV, Proparco Invest $90 Million in Morocco’s Africa Feed & Food to Boost Agri-Food Growth
RMBV’s North Africa Fund has committed MAD 850 million (approximately $90 million) to Africa Feed & Food (AFF), a Moroccan agro-industrial company, in a deal that also brings in French development finance institution Proparco.
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Littlefish Raises $9.5 Million Series A to Expand Merchant Infrastructure for African Banks
South African fintech startup Littlefish has secured $9.5 million in Series A funding to accelerate the growth of its merchant services platform across Africa, as demand rises for better digital tools to support small businesses.