Tag: Investment News
-
Egypt Completes Africa’s First 6 GHz Mobile Trial With Telecom Egypt and Huawei
Egypt’s National Telecommunications Regulatory Authority (NTRA), Telecom Egypt, and Huawei have completed Africa’s first trial of mobile services using the upper 6 GHz band, achieving data speeds of approximately 1.7 gigabits per second for each user.
-
Ninety One Closes Africa Credit Opportunities Fund 3 at $404 Million
Ninety One has reached the final close of its Africa Credit Opportunities Fund 3 at $404 million, including leverage, to finance businesses and critical infrastructure projects across Africa and other emerging markets.
-
Africa Finance Corporation Raises $431 Million Through Five-Year Digital Bond
Africa Finance Corporation has raised approximately $431 million (CHF 350 million) through a five-year digital bond to support its general funding requirements and expand its capacity to finance infrastructure across Africa.
-
Convergence Partners Leads Undisclosed Series C Round in African Fintech Yellow
Convergence Partners has led an undisclosed Series C funding round in Yellow, an African fintech that finances smartphones and off-grid solar products.
-
AfDB and Italy’s CDP Approve $35 Million Investment in RMBV North Africa Fund III
The African Development Bank Group and Cassa Depositi e Prestiti, Italy’s national promotional institution and development finance institution, have approved a combined $35 million equity investment in RMBV North Africa Fund III.
-
Genser Energy Secures $529 Million Credit Package for West African Energy Projects
Genser Energy has secured term and revolving credit facilities worth approximately $529 million (€456 million) to complete gas and power infrastructure in Ghana, strengthen its balance sheet, and support expansion into Côte d’Ivoire and other West African markets.
-
South Africa’s Jem Raises $8.4 Million to Expand WhatsApp-Based Workforce Platform
South African workforce management startup Jem has raised $8.4 million in Series A funding to accelerate product development and expand its WhatsApp-based platform for deskless employees. Quona Capital led the round, which Jem announced on August 17, 2026.
-
African Startup Funding Hits $1.66 Billion as Debt Drives EV and Energy Deals
African startups and growth companies raised $224 million in July, lifting total funding for the first seven months of 2026 to $1.66 billion.
-
IFC Proposes $50 Million Investment in African Renewable Energy Fund UGEAP
The International Finance Corporation has proposed an equity investment of up to $50 million in the Universal Green Energy Access Programme, a fund seeking to expand financing for distributed renewable energy projects across sub-Saharan Africa.