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Tag: Investment News
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European VC Firm Breega Launches $75 Million Africa-Focused Fund
European venture capital firm Breega, known for its early-stage investments, has announced the launch of its first Africa-dedicated fund, “Breega Africa Seed I.”
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Inspired Evolution Secures New $23 Million Funding for African Energy Transition
Pan-African private equity firm Inspired Evolution has announced the second closing of its Evolution III fund, raising capital to support clean energy projects across the continent.
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Candi Solar Secures $38 Million to Expand Solar Power in Africa and Asia
Candi Solar, a Swiss clean energy company, has secured $38 million in funding to accelerate its solar power solutions for commercial and industrial (C&I) customers in Africa and India.
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Safaricom and Pezesha Partner to Offer Micro-Loans to Small Businesses in Kenya
Kenyan mobile operator Safaricom has partnered with fintech company Pezesha to offer micro-loans to users of its Pochi La Biashara business payment service.
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Congolese Delivery Startup Noki Noki Secures $3 Million in Seed Funding
Noki Noki, a fast-growing Congolese logistics company specializing in food delivery and grocery shopping assistance, has secured $3 million in seed funding.
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Rwandan Startup and BYD Team Up to Electrify Africa’s Motorcycle Taxis
Rwandan e-mobility startup Ampersand has joined forces with BYD, the world’s leading electric vehicle manufacturer, to revolutionize Africa’s motorcycle taxi industry.
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Africa Data Centres Secures $108.9 Million for South Africa Expansion
Africa Data Centres, a leading provider of data center services in Africa, has secured $108.9 million in funding to expand its capacity in South Africa.
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Ethiopia Launches Largest Electric Vehicle Factory to Manufacture 1,000 Cars Per Year
Ethiopia has inaugurated its biggest electric vehicle (EV) factory in Debre Berhan, Amhara region.
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AgDevCo Invests in Cashew Coast to Boost Processing in Côte d’Ivoire
AgDevCo, a specialist investor in African agriculture, has announced a new investment in Cashew Coast, a leading cashew nut processing business in Côte d’Ivoire.