Tag: Investment News
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World Bank Agency MIGA Guarantees $50.3 Million for Nuru’s Solar Grids in Eastern DRC
The Democratic Republic of Congo (DRC)’s eastern region is set for a significant boost in electricity access thanks to a new project by Congo Energy Solutions (Nuru).
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Kenyan Identity Management Startups Peleza and Prembly Merge to Form Prembly Group
Kenyan identity management startup Peleza and Y Combinator-backed Prembly have joined forces to create a new entity, the Prembly Group.
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CityBlue Hotels Invests in Sustainable Agtech Startup Farm to Feed
CityBlue Hotels, a leading African hospitality chain, has announced a strategic investment in Farm to Feed, a B2B platform tackling food waste in Sub-Saharan Africa.
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Nigerian Digital Therapy Startup Blueroomcare Secures Funding to Expand Access to Mental Healthcare
Blueroomcare, a Nigerian startup offering insurance-covered online therapy services, has secured an undisclosed amount of pre-seed funding.
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Finnfund Provides $5 Million Loan to Improve Mobile Connectivity in South Sudan
Finnish development financier Finnfund has announced a $5 million mezzanine loan to Communication & Renewable Energy Infrastructure (CREI) to support the installation of hybrid power solutions for telecom sites in South Sudan.
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Vantage Capital Pumps $47.5 Million into Expansion of Kenyan Business Park Two Rivers
Two Rivers International & Innovation Centre (TRIFIC SEZ), a unique services-oriented business park within Nairobi’s diplomatic zone, has secured a $47.5 million investment from Vantage Capital, Africa’s largest mezzanine fund manager.
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EBRD Commits $40 Million to Boost Mid-Sized Businesses in North Africa
The European Bank for Reconstruction and Development (EBRD) is injecting up to $40 million into SPE Capital’s newly launched SPE PEF III fund.
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Oikocredit Injects $10 Million to Boost African SMEs in Partnership with AfricInvest
Social impact investor Oikocredit has provided a first-time loan of $10 million to AfricInvest Private Credit (APC) to empower small and medium-sized businesses (SMEs) across Africa.
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SA’s Mama Money Partners Access Bank, Paymentology to Launch WhatsApp-Based Bank Card
South African fintech startup Mama Money has partnered with global banking leader Access Bank and card issuing company Paymentology to launch a first-of-its-kind bank card service powered entirely through WhatsApp.