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Tag: Investment News
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SA-Based VC Firm HAVAÍC Secures $25 Million in Second Close of African Innovation Fund 3
Cape Town-based venture capital firm HAVAÍC has completed the second closing of its African Innovation Fund 3, raising $25 million towards its $50 million target.
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Candi Solar Raises $24 Million to Expand Clean Energy Projects in India and South Africa
Candi Solar, a company that supplies clean energy to businesses in developing countries, has raised $24 million in new funding from its current backers.
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Admaius Capital Partners Invests in Egypt’s Biopharma Leader Minapharm
Admaius Capital Partners has officially invested in Minapharm Pharmaceuticals, marking a major step in supporting Africa’s biopharmaceutical industry.
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Sun King Secures $156 Million to Power 1.4 Million Kenyan Homes with Solar Energy
Sun King, a solar energy provider focused on off-grid solutions, has raised $156 million through a local currency securitisation deal aimed at boosting access to affordable solar power in Kenya.
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SIFEM Invests in Alterra Capital Partners’ Accelerator Fund to Boost Early-Stage Businesses in Africa
The Swiss Investment Fund for Emerging Markets (SIFEM) has confirmed its support for the Alterra Africa Accelerator Fund I, which is managed by Alterra Capital Partners.
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Africa’s Business Heroes Unveils Top 50 Finalists for 2025 Prize
Africa’s Business Heroes (ABH), a program under Alibaba Philanthropy, has named the 50 finalists for its 2025 edition, drawing from a record number of applicants across the continent.
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Google Commits $37 Million to Expand AI Development in Africa
Google has announced a $37 million investment to advance artificial intelligence (AI) initiatives across Africa.
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Visa Opens First African Data Centre in Johannesburg to Strengthen Fintech Infrastructure
Visa has launched its first data centre in Africa, selecting Johannesburg, South Africa, as the location.
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Meta Acquires Egyptian Voice AI Start-Up PlayAI
PlayAI, a voice technology company founded by Egyptians Mahmoud Felfel and Hammad Syed, has been acquired by Meta, according to an announcement by global venture capital firm 500 Global.