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Tag: Investment News
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Alterra Capital Partners Secures $20 Million Investment from British International Investment
Alterra Capital Partners, a private equity firm focused on Africa, has received a $20 million investment from British International Investment (BII) to support its Alterra Accelerator Africa Fund (AAA Fund).
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Ethiopian Airlines and AfDB Sign $7.8 Billion Deal to Build Africa’s Largest Airport
Ethiopian Airlines has signed a landmark agreement with the African Development Bank (AfDB) to develop Africa’s largest airport—the Bishoftu International Airport in Ethiopia.
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Norfund’s Climate Fund Invests $32 Million in South Africa’s Renewable Energy Push
The Climate Investment Fund, managed by Norfund, has announced a major investment in South Africa’s renewable energy sector.
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NSIA, SEforALL, ISA, and Africa50 Launch $500 Million Renewable Energy Fund for Nigeria
The Nigeria Sovereign Investment Authority (NSIA), together with Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA), and Africa50, has launched a new initiative to boost access to clean energy in Nigeria.
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Swiss Fintech Centi and Yellow Card Partner to Simplify Money Transfers from Europe to Africa
Swiss fintech company Centi has announced a new partnership with Yellow Card, a leading cryptocurrency exchange that operates across Africa.
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IFC Grants $30 Million Facility to Egyptian Retail Chain Kazyon for Expansion
The International Finance Corporation (IFC) has given a $30 million loan to Kazyon, a major Egyptian retail company, to support its growth in Morocco.
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Equator Raises $55 Million to Support African Climate Tech Startups
Equator, an African venture capital firm, has raised $55 million for its first fund aimed at supporting early-stage climate tech startups across the continent.
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Microsoft Commits Over $285 Million to Expand Cloud and AI Infrastructure in South Africa
Tech giant Microsoft has unveiled plans to invest approximately USD 285 million (ZAR 5.4 billion) by the end of 2027 to enhance its hyperscale cloud and artificial intelligence (AI) infrastructure in South Africa.
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Everlectric Secures Funding from Edge Growth’s Vumela Fund to Accelerate EV Adoption in South Africa
Pretoria-based electric vehicle (EV) startup Everlectric has secured venture debt funding from FNB South Africa’s Vumela Fund, managed by Edge Growth.