Tag: Investment News
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South Africa’s Tyme Group Raises $250 Million in Series D Funding to Become Africa’s Ninth Unicorn
South Africa’s digital banking innovator, Tyme Group, has secured $250 million in a Series D funding round, propelling its valuation to $1.5 billion.
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Proparco Invests $5 Million in Equator Africa Fund to Boost Climate Tech Start-ups in Sub-Saharan Africa
Proparco has announced a $5 million investment in the Equator Africa Fund through its FISEA+ facility to accelerate climate-focused innovation in sub-Saharan Africa.
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Incofin Investment Management Invests $1.55 Million in Truk Rwanda and Couvoir Amar to Boost Agribusiness and Nutrition
Incofin Investment Management has announced two strategic investments totaling $1.55 million under its Nutritious Foods Financing Facility (N3F), aimed at enhancing food systems and improving access to nutritious food.
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Nigeria’s Juicyway Raises $3M Pre-Seed Funding to Revolutionize Cross-Border Payments
Juicyway, a Nigerian startup specializing in cross-border payments, has announced a successful $3 million pre-seed funding round.
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Swedfund and IFU Invest $44 Million with Sturdee Energy to Advance Renewable Energy in Southern Africa
Swedfund, the Swedish development finance institution, and the Danish Investment Fund for Developing Countries (IFU) have joined forces with Sturdee Energy to drive renewable energy expansion in Southern Africa.
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Sanari Capital Raises $80 Million to Scale Technology-Driven African Businesses
Sanari Capital, a South African private equity firm, has announced the successful final close of its Sanari 3S Growth Fund, raising R1.5 billion (approximately $80 million).
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Schroders Capital and BlueOrchard Invest $5 Million in African Infrastructure Fund
Schroders Capital and BlueOrchard have committed $5 million to the African Infrastructure Investment Fund 4 (AIIF4) through their Green Earth Impact Fund (GEIF).
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SunCulture and Turaco Partner to Launch Initiative to Safeguard Smallholder Farmers from Climate Risks
Two Kenyan companies, SunCulture and Turaco, have introduced a collaborative initiative, “SunCulture Protect,” aimed at enhancing the resilience of smallholder farmers.
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Cauris Finance Secures $40 Million Debt Facility to Back African Fintechs
Cauris Finance, an Africa-focused impact credit fund, has successfully closed a $40 million debt facility with a U.S.-based institutional investor.