Tag: Investment News
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African Startups Raise $705 Million in Q1 2026 as Investment Expands Beyond Traditional Hubs
African startups attracted an estimated $705 million in funding during the first quarter of 2026, spread across 59 disclosed deals in 14 countries.
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PowerLabs Secures Pre-Seed Funding to Tackle Nigeria’s Persistent Energy Challenges
PowerLabs, a Nigerian energy and climate technology startup, has raised pre-seed funding in a round led by venture firm Breega, with additional backing from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures.
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Halcyon Selects 16 Founders from 10 African Startups for Climate and Food Security Program
Sixteen African startups focused on climate and agriculture solutions have been selected for Halcyon’s Climate Resilience and Food Security program.
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South Africa’s Refiant AI Raises $5 Million to Tackle the Rising Energy Cost of Artificial Intelligence
South Africa-founded startup, Refiant AI, has secured $5 million in seed funding as it looks to reshape how artificial intelligence systems are built and deployed.
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Endeavor South Africa Secures $13.6 Million Fund Backed by FirstRand, Standard Bank and Allan Gray to Scale Tech Startups
Endeavor South Africa has secured R230 million (approximately $13.6 million) for its third Harvest Fund aimed at supporting fast-growing technology companies in the country.
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Egypt’s Lucky Raises $23 Million Series B to Scale Digital Credit and Expand Across North Africa
Egyptian fintech startup Lucky has secured $23 million in fresh funding as it accelerates its push to expand credit services and enter new markets across North Africa.
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Ethiopia Secures $13.1 Billion in Investment Commitments as FDI Momentum Builds
Ethiopia has signed investment agreements valued at approximately $13.1 billion, marking one of the largest recent foreign direct investment (FDI) inflows announced in Africa.
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Sawa Energy Secures $10 Million from Oikocredit and GCPF to Expand Solar Power Solutions in East Africa
Oikocredit has joined forces with the Global Climate Partnership Fund (GCPF) to extend a $10 million debt facility to Sawa Energy, a fast-growing provider of solar and battery systems for businesses in East Africa.
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AfDB Commits $15 Million to SPE Capital Fund to Back Growth-Stage Businesses in Africa
The African Development Bank (AfDB) has committed $15 million to a private equity fund managed by SPE Capital, in a move aimed at expanding financing for growing businesses across the continent.