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Tag: Investment News
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Germany Pledges Support to Boost Green Energy Efforts in Africa
In a significant move to support Africa’s transition to green energy, Germany has committed to investing 4 billion euros (approximately $4.37 billion) in renewable energy projects across the continent by 2030.
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South African Fintech Firm Payment24 Acquires Inergy 24 to Expand European Footprint
South Africa-based Payment24, a global provider of payment and loyalty solutions, has acquired Switzerland-headquartered Inergy 24 to accelerate its expansion into the European market.
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Ed Partners Africa Secures $10 Million in Funding from DFC to Expand Access to Affordable Education in Kenya
Ed Partners Africa, a Kenyan non-banking financial institution that specializes in providing loans to affordable private schools, has announced a $10 million loan guarantee facility from the United States’ Development Finance Corporation (DFC).
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Gozem Acquires Beninese Fintech Startup Moneex to Expand Financial Services
Gozem, the leading super app in Francophone Africa, has acquired Beninese fintech startup Moneex in an undisclosed deal.
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Shekel Mobility Secures $7 Million in Funding to Drive Growth in African Automotive Market
Shekel Mobility, a B2B auto dealers marketplace catering to the African used car market, has secured $7 million in funding to propel its growth and expansion plans.
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Meet the 23 African Startups Selected for Visa’s Inaugural Fintech Accelerator
Visa has selected 23 African startups for the inaugural cohort of its Visa Africa Fintech Accelerator.
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Kenya-Based Mobility Startup BasiGo Secures USAID Support for Electric Bus Pilot Program in Rwanda
Kenyan mobility startup BasiGo has received a $1.5 million grant from the United States Agency for International Development (USAID) to support the pilot testing and scale-up of its electric buses in Rwanda.
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Egypt’s MNT-Halan Attains Unicorn Status with $400 Million Raised in Securitization Issuances – Copy
MNT-Halan has become Egypt’s first unicorn after announcing a raise of over $400 million securitizationion issuances this year, solidifying its position as a leading player in the region’s financial technology sector.
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Africa Tech Festival Selects 10 Finalists for Startup World Cup
The top 10 finalists for the AfricaIgnite Pitch Competition have been announced, with five companies from Kenya and four from South Africa making the list.