Tag: Digital Transformation

The Electrification Financing Initiative (ElectriFI), funded by the European Union, has made its first investment in the African ecological mobility sector, committing $1.6 million to Ugandan startup Gogo Electric (formerly Bodawerk).

African electric vehicle (EV) leader Spiro announced a significant boost to its expansion plans with a $50 million debt financing agreement signed with Afreximbank, the pan-African multilateral financial institution.

OpenseedVC, a recently launched venture capital firm, has secured an initial closing for its $10 million early-stage fund.

d.light, a company providing essential household products and financing to low-income communities, has announced a project to equip Ugandan refugee camps with solar home systems.

Accion, a non-profit focused on financial inclusion, has announced the launch of the Accion Digital Transformation Fund, a $152.5 million initiative designed to empower traditional financial institutions in serving underserved small businesses.

Maad, a Senegalese logistics platform catering to informal retailers, has secured $3.2 million in seed funding.

Africa-focused private equity firm Admaius Capital Partners (“Admaius”) has announced a majority equity investment in TRES Infrastructure Limited (“TRES”), the sole Rwandan company licensed to own, operate, and develop shared telecommunications infrastructure.

Egyptian fintech startup MNZL has secured $3.5 million in seed funding to improve its technology and expand its operations.

Egyptian startup Swypex has unveiled its one-stop financial management platform designed to streamline business operations.