Tag: Digital Transformation

AFEX, a Nigeria-based commodities platform, has raised $26.5 million in funding from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor.

Japanese VC firm SBI Holdings and Africa’s Novastar Ventures have announced a strategic partnership, with SBI Holdings committing $40 million to anchor Novastar’s future funds.

BluePeak Private Capital, a private capital firm focused on supporting the growth of scalable businesses in Africa, has reached a final close of its Private Capital Fund SCSp at $156 million.

Egyptian healthtech startup Almouneer has raised $3.6 million in seed funding to develop and scale its DRU app, a platform for lifestyle and diabetes management.

ORA Technologies, a Moroccan super-app, has raised $1 million in pre-seed funding from local private investors.

Injaro Investment Advisors, a Ghanaian private capital fund manager, has announced a $2 million equity investment in Zeepay Ghana Limited, a wholly Ghanaian-owned global mobile finance service (MFS) provider.

The Green Climate Fund (GCF) has approved a $50 million equity allocation to REPP 2, a new debt fund that will provide an opportunity to invest in the rapidly growing renewable energy sector in sub-Saharan Africa.

African agri-food startups can now apply for the THRIVE Global Accelerator Program, a 12-week program designed to support seed through Series A companies and prepare them for growth and scalability.

Sukhiba Connect, a pioneering Kenyan social commerce startup, has successfully raised $1.5 million in funding to fuel its expansion ambitions beyond the country’s borders.