Tag: Digital Transformation

Kubik, an Ethiopian innovator in plastic upcycling for construction, has secured an additional $1.9 million in seed funding.

Madica, an African-focused investment program targeting early-stage startups, revealed its inaugural investments in three promising companies: Kola Market (Ghana), GoBEBA (Kenya), and NewForm Foods (South Africa).

South African tech education provider HyperionDev announced securing R95 million (approximately $5 million) in a new funding round. This latest investment brings the company’s total growth capital to R595 million ($31.1 million).

Bokra, an Egyptian fintech company, has successfully closed a pre-seed funding round of $4.6 million.

TLcom Capital, a leading African venture capital firm, announced the final close of its second fund, TIDE Africa Fund II, at $154 million.

The International Finance Corporation (IFC), a member of the World Bank Group focused on private sector development, is providing a significant boost to South Africa’s ongoing energy transition and affordable housing initiatives.

South African artificial intelligence (AI) software company Spatialedge has secured R60 million (approximately $3.15 million USD) in funding from Hlayisani Growth Fund.

Spark+ General Partner, a leader in clean cooking investment, announced significant progress in fundraising for the Spark+ Africa Fund.

Nigerian retail technology company OmniRetail has launched its Series A fundraising round with an initial investment from Goodwell Investments, a leading impact investor.