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Tag: Investment News
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MTN MoMo and Mastercard Announce Partnership to Expand Mobile Money Services in Africa
MTN MoMo, the mobile money arm of MTN Group, and Mastercard have announced a multi-market partnership aimed at expanding access to digital financial services across Africa.
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Uber to Invest $100 Million in Nigerian-Born Fintech Startup Moove
Ride-hailing giant Uber is reportedly in talks to invest up to $100 million in Moove, a Nigerian vehicle financing platform, according to Bloomberg.
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IFC Announces 100 Women Entrepreneurs Selected for She Wins Africa Program
The International Finance Corporation (IFC) has unveiled the 100 women-led startup owners chosen to participate in its She Wins Africa program.
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Dubai VC Firm COTU Ventures Raises $54 Million to Support Early-Stage MENA Startups
COTU Ventures, a Dubai-based early-stage venture capital (VC) firm, has secured $54 million for its first fund dedicated to backing promising startups in the Middle East and North Africa (MENA) region.
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Egyptian Fintech Startup MoneyHash Secures $4.5 Million to Streamline Payments in Africa
MoneyHash, a leading Egyptian fintech company, has secured $4.5 million in seed funding to bolster its payment technology and expand its reach across the Middle East and Africa (MEA) region.
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Africa’s Digital Commerce Projected to Reach $72 Billion by 2026 – EBANX Report
Africa is experiencing a surge in online consumerism, becoming a key player in the global digital commerce landscape, according to a new report by EBANX, a global fintech company.
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d.light Secures $7.4 Million to Expand Solar Power Access in Nigeria
d.light, a leading provider of solar-powered solutions, has secured $7.4 million in financing to advance their Pay-Go service and broaden access to solar products for low-income households in Nigeria.
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Teraco to Invest $106 Million in South Africa’s Largest Private 120MW Solar Plant for Data Centers
Teraco, a leading African provider of carrier-neutral colocation data centers, has announced plans to build a 120-megawatt (MW) utility-scale solar photovoltaic (PV) power plant in South Africa’s Free State province.
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Swedfund Invests $5 Million in Ivory Coast’s Bridge Bank Microfinance to Support Women-Led Businesses
Swedfund, a Swedish development finance institution (DFI), has partnered with African credit fund BluePeak Private Capital Fund to invest $5 million in Bridge Bank Microfinance (BBM), a subsidiary of West Africa-based Teyliom Finance.