Tag: Investment News
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IMF Downgrades Africa Economic Growth Outlook as Middle East Conflict Reshapes Global Economy
The International Monetary Fund (IMF) has revised its economic outlook for Africa, warning that the ongoing conflict in the Middle East is undermining growth prospects across the continent and adding fresh pressure on already fragile economies.
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Meet the 15 African Startups Selected for Google’s Accelerator Africa Class 10
Google has unveiled the 10th cohort of its Google for Startups Accelerator Africa, selecting 15 startups from a highly competitive pool of close to 2,600 applicants.
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Launch Africa Ventures Takes Advisory Role in £50 Million Botswana Tech Fund to Drive Southern Africa’s Tech Growth
Launch Africa Ventures has been named investment advisor for the first phase of the Botswana Tech Fund, a new venture vehicle that plans to support technology and tech-enabled businesses across Southern Africa.
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South Africa’s Nafasi Water Raises $9.8 Million from Norfund to Expand Water Infrastructure Projects
Norfund, the Norwegian development finance institution, has invested R160 million (approximately $9.8 million) in South African firm Nafasi Water Technologies.
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Proparco Commits $17.25 Million to Alterra’s Pan-African Growth Fund
Proparco, the private sector arm of the French Development Agency, has invested $17.25 million in the Alterra Africa Accelerator Fund (AAA Fund).
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Terra Industries to Establish Africa’s Largest Drone Factory in Ghana
Nigerian defence technology company Terra Industries has unveiled plans to build what will be Africa’s largest drone manufacturing facility, marking a major expansion of its operations beyond Nigeria.
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East Africa-Born Lua secures $5.8 million to Scale Platform for Human–AI Collaboration
Lua, a startup building software that allows businesses to work alongside artificial intelligence agents, has raised $5.8 million in a new funding round led by Norrsken22.
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AfDB Approves $2.8 Million Grant to Boost Private Sector Competitiveness in West Africa’s WAEMU Bloc
The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has approved a grant of 1.7 billion CFA francs (about $2.8 million) to support private sector growth in West Africa’s monetary union.
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Acumen Backs Ugandan Agribusiness Omia to Expand Support for Smallholder Farmers
Acumen has announced a new investment in Omia Agribusiness Development Group, a Northern Uganda-based enterprise working with smallholder farmers, including those in refugee-hosting communities, to improve access to agricultural inputs, training, and markets.