Tag: Digital Transformation

The International Finance Corporation (IFC), a member of the World Bank Group, has announced an investment of $50 million in a new fund by LeapFrog Investments.

Google has selected 11 African Startups for its inaugural Africa AI First Accelerator Program.

Sanari Capital, a leading women-led and majority black- and women-owned private equity firm in South Africa, has closed the second round of its growth fund at R1.25 billion (approximately $65 million).

Alterra Capital Partners, a private equity firm founded in 2020 by former Carlyle Group employees, has raised $140 million in the first closing of a $500 million fund focused on investments in Africa.

WATT Renewable Corporation, a leading provider of hybrid solar solutions in Nigeria, has secured $13 million in funding from Empower New Energy.

MoneyHash, an Egyptian fintech company, has secured new funding from Tom Preston-Werner, co-founder of GitHub and former CEO, in an undisclosed seed funding round.

Intella, a MENA-based deep tech company, has successfully closed a $3.4 million Pre-Series A funding round led by HALA Ventures and Wa’ed Ventures.

Stitch, a leading fintech startup in South Africa, has announced a $25 million Series A extension round led by Ribbit Capital.

Peach Payments, a leading South African digital payment service startup, has secured a $30 million funding deal led by Apis Growth Fund II and participation from Enza Capital.