Tag: Investment News
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Egypt’s Qardy Acquired by Catalyst Partners ME in $23 Million SPAC Merger
Catalyst Partners Middle East (CPME) has acquired Egyptian fintech startup Qardy in a $23 million deal.
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EIB Global and Family Bank Launch €100 Million to Support Women and Youth-Led Businesses in Kenya
The European Investment Bank’s development branch, EIB Global, and Kenya’s Family Bank have announced a major partnership to provide €100 million (approximately KES 14.7 billion) in funding to support small and medium-sized businesses (SMEs) in Kenya.
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South Africa’s AURA Raises $15.1 Million Series B Funding to Expand Emergency Response Tech Globally
AURA, a South African startup offering emergency response services, has raised €13.5 million (around $15.1 million) in its Series B funding round.
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Nigeria and South Africa Dominate FT’s Ranking of Africa’s Fastest-Growing Companies in 2025
A new ranking from the Financial Times highlights the growth trajectory of African enterprises, with Nigerian and South African companies taking the lion’s share of the spotlight.
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IFC Launches New Women-Centered Initiative to Strengthen Economic Opportunities in Africa
The International Finance Corporation (IFC), part of the World Bank Group, has introduced a new program called the Africa Leadership Economic Advancement and Development for Women (LEAD) Alliance.
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Egyptian Proptech Nawy Closes $52 Million Series A to Avance AI Infrastructure and Grow in MENA
Property technology company Nawy has successfully raised $52 million in a Series A equity round to support its strategic expansion across Egypt and the broader MENA region.
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Safaricom Becomes First East African Firm to Cross $3 Billion Revenue Mark
Safaricom PLC has reached a major milestone, making history as the first East African business to earn over $3 billion (KES 388.7 billion) in annual revenue.
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Proparco Partners with RMBV to Boost Mid-Market Growth Through North Africa Fund III
Proparco has partnered with RMBV to support the North Africa Fund III (NAF III), which aims to drive economic growth in the region.
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FEDA to Lead $1 Billion Investment in Africa’s Film and TV Industry
The Fund for Export-Development in Africa (FEDA), an investment arm of the African Export-Import Bank (Afreximbank), has established a $1 billion Africa Film Fund to support Africa’s growing film and TV industry.