Tag: Investment News
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Oasis Capital Ghana Announces First Close of $100 Million Fund for West African SMEs
West Africa-focused fund manager Oasis Capital Ghana has secured $33.3 million in initial commitments for its new $100 million Oasis Africa Fund II (OAF II).
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Sanari Capital Invests $4.4 Million in EduLife Group to Fuel Education Expansion Across South Africa
Sanari Capital, a private equity firm focused on African growth companies, announced an R80 million (approximately $4.4 million) follow-on investment in EduLife Group, a network of independent schools in South Africa.
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Vivendi Africa Group Expands High-Speed Internet Access to Uganda
French media giant Vivendi Africa Group (GVA) has set its sights on Uganda, marking its eighth African nation with the launch of its fiber-optic internet service, CanalBox.
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Huawei to Launch Smart Village in Uganda to Boost Rural Digital Transformation
Uganda and Huawei have embarked on plans to build a smart village in the East African country.
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Kenyan Skincare Startup Uncover Secures $1.4 Million for US, Ghana, and Uganda Expansion
Uncover, a Kenyan innovator in personalized skincare, has secured $1.4 million in seed funding to fuel its expansion into the United States, Ghana, and Uganda.
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Norfund to Invest $307 Million in Electric Vehicle Startups in Kenya
Kenya’s push for green transportation has received a significant boost with a $307 million investment from Norwegian investment fund Norfund.
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BasiGo Rwanda Receives Grant to Boost Electric Bus Charging Infrastructure
BasiGo Rwanda has secured a significant grant to upgrade its charging infrastructure and support its growing fleet of electric buses in Kigali.
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Dubai’s Ride-Hailing App Hala Expands to Africa
Dubai’s ride-hailing app, Hala, has announced its first international expansion through a partnership with MwaslaTech, an Egyptian smart transport solutions provider.
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11 African Countries to Benefit from $16.2 Million Broadband Mapping Project
Eleven African nations are set to receive a share of a $16.2 million project aimed at establishing National Broadband Mapping Systems.