Tag: Investment News

British International Investment (BII), the UK’s development finance institution and impact investor, has committed $20 million to the Africa50 Infrastructure Acceleration Fund (IAF), strengthening efforts to mobilize long-term private capital for critical infrastructure projects across Africa.

The African Development Bank (AfDB) has finalized a loan of up to $15 million to South Africa’s Biologicals and Vaccines Institute (Biovac), supporting the construction of a new multi-vaccine manufacturing facility in Cape Town that is expected to strengthen Africa’s vaccine production capacity and reduce the continent’s heavy dependence on imported vaccines.

Pan-African fintech company Moment has secured $22 million in a Series A funding round to accelerate the expansion of its payment infrastructure across Africa, strengthening investor confidence in the continent’s fast-growing digital payments market.

Impact Fund Denmark has committed $22.5 million to African agribusiness group ETG as part of a $600 million sustainability-linked loan designed to strengthen agricultural value chains in Africa while advancing measurable environmental and social outcomes.

Proparco has committed $12 million to the Acumen Resilient Agriculture Fund II (ARAF II), strengthening the flow of early-stage capital to agribusinesses serving smallholder farmers across sub-Saharan Africa.

Egyptian e-commerce technology startup Fincart has raised a $2.8 million seed funding round to accelerate the expansion of its AI-powered merchant operating system across Africa and the Middle East.

Egyptian healthtech startup Reme-D has secured $1.45 million in a Pre-Series A funding round led by Anara Impact Capital.