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Tag: Investment News
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VC Firm HAVAÍC Secures $15 Million for Third African Innovation Fund
Venture Capital firm HAVAÍC has successfully raised $15 million in commitments for its third African Innovation Fund, marking the first close of the $50 million fund.
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Egyptian Fintech MNT-Halan Expands into Turkey with Acquisition of Tam Finans
Egyptian fintech giant MNT-Halan has announced its entry into the Turkish market through the acquisition of Tam Finans, a leading commercial finance company in the country.
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IFC, Proparco, and Helios Partner to Invest in Africa’s Sports and Entertainment Industry
The International Finance Corporation (IFC), Proparco, and Helios Sports and Entertainment Group have announced a strategic partnership to drive growth in Africa’s sports and entertainment sector.
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Egypt’s Synapse Analytics Secures $2 Million to Expand AI Financial Solutions
Synapse Analytics, an Egyptian artificial intelligence (AI) startup, has secured a $2 million investment to expand its AI-powered solutions across the Gulf Cooperation Council (GCC) and Africa.
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Chinese Electric Vehicle Manufacturer Chery to Invest $20 Million in Kenyan EV Assembly Plant
Chinese electric vehicle (EV) manufacturer, Chery, has announced a $20 million investment in Kenyan auto dealer, Afrigreen Automobile.
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Egyptian Edtech Educatly Raises $2.5 Million to Expand Higher Education Access
Egyptian ed-tech startup Educatly has raised a $2.5 million funding round led by TLcom Capital and Plus VC, with participation from Egypt Venture and Ireland’s HBAN syndicate.
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Google Unveils 10 African Startups for Accelerator Program
Google has announced the selection of ten promising startups from across Africa for its eighth Accelerator Africa program.
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World Bank Commits $100 Million to Boost Zambia’s Digital Infrastructure
The World Bank has pledged a $100 million investment to accelerate Zambia’s digital transformation through the Digital Zambia Acceleration Project (DZAP).
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Egypt E-Commerce Platform Cartona Secures $8.1 Million in Series A Extension Round
Cartona, one of the leading B2B e-commerce platforms in Egypt, has successfully raised an additional $8.1 million in a Series A extension round, bringing the total Series A funding to $20.1 million.