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Tag: Investment News
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Sabou Capital, New SME Fund Unveiled to Invest $350K–$1.5M in 25 African Startups
Surayyah Ahmad, a seasoned entrepreneur and co-founder of two previous ventures, has launched Sabou Capital, a new investment fund aimed at closing funding gaps for small and medium-sized enterprises (SMEs) in West and Central Africa.
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Village Capital Launches New Edition of Greentech Africa Accelerator to Back Climate-Focused Startups
Village Capital, a global pioneer in early-stage impact investing, has launched the second edition of its Greentech Africa accelerator programme.
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World Bank Boosts Africa’s Digital Infrastructure with $100 Million Investment in Raxio
The International Finance Corporation (IFC), the private investment arm of the World Bank, has announced a $100 million investment in Raxio Group to support the development of data centres across Africa.
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Ivorian Fintech Djamo Raises $17 Million to Expand Financial Services in Francophone Africa
Ivorian fintech company Djamo has raised $17 million in a new funding round to expand its financial services across Francophone Africa.
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PIC Invests $40 Million in Africa50 to Boost Infrastructure Development in Africa
The Public Investment Corporation (PIC) has invested $40 million in Africa50 Group, a leading pan-African infrastructure investor and asset manager.
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MTN and Lynk Global Make Africa’s First Satellite Phone Call Using a Regular Smartphone
MTN South Africa, together with American satellite company Lynk Global, has successfully carried out Africa’s first satellite phone call using a regular smartphone.
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Ethiopian Airlines to Launch Electric Air Taxis in Africa in Partnership with Archer Aviation
Ethiopian Airlines has teamed up with American company Archer Aviation to introduce electric air taxis in Ethiopia, making it the first initiative of its kind in Africa.
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Egyptian Semiconductor Startup InfiniLink Raises $10 Million to Boost AI Data Centre Connectivity
Egyptian semiconductor startup InfiniLink has raised $10 million in seed funding to accelerate the development of its energy-efficient optical connectivity solutions, designed for artificial intelligence (AI)- powered data centres.
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North Africa Joins the 5G Race as Tunisie Telecom Rolls Out High-Speed Network
Tunisie Telecom has officially launched its 5G non-stand-alone (NSA) services, becoming one of the first telecom companies in Tunisia to roll out the next generation of mobile connectivity.