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Tag: Investment News
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SBI Holdings Commits $80M to Fuel African Startups Through New Partnership With Novastar Ventures
Japanese VC firm SBI Holdings and Africa’s Novastar Ventures have announced a strategic partnership, with SBI Holdings committing $40 million to anchor Novastar’s future funds.
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BluePeak Private Capital Raises $156 Million to Support Growth of African Businesses
BluePeak Private Capital, a private capital firm focused on supporting the growth of scalable businesses in Africa, has reached a final close of its Private Capital Fund SCSp at $156 million.
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Egyptian Healthtech Almouneer Raises $3.6 Million to Scale Diabetes Management App
Egyptian healthtech startup Almouneer has raised $3.6 million in seed funding to develop and scale its DRU app, a platform for lifestyle and diabetes management.
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Moroccan Super-App ORA Technologies Raises $1 Million in Pre-Seed Funding
ORA Technologies, a Moroccan super-app, has raised $1 million in pre-seed funding from local private investors.
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EAIF Launches West Africa’s First Ever Social Asset-Backed Security, Targets 100% Electrification in Côte d’Ivoire
The Emerging Africa Infrastructure Fund (EAIF) has committed up to XOF 30 billion (equivalent to USD ~ 48 million) to launch West Africa’s first-ever social asset-backed security.
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Kenya Launches its First Smartphone Assembling Plant
Kenya’s President William Ruto has launched the much anticipated East Africa Device Assembly Kenya Limited (EADAK) in Athi River, Machakos County.
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Ghanaian PE Firm Injaro Invests $2 Million in Fintech Startup Zeepay
Injaro Investment Advisors, a Ghanaian private capital fund manager, has announced a $2 million equity investment in Zeepay Ghana Limited, a wholly Ghanaian-owned global mobile finance service (MFS) provider.
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Green Climate Fund Approves $50 Million for REPP 2 to Boost Renewable Energy in Africa
The Green Climate Fund (GCF) has approved a $50 million equity allocation to REPP 2, a new debt fund that will provide an opportunity to invest in the rapidly growing renewable energy sector in sub-Saharan Africa.
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African Agri-Food Startups Invited to Apply for THRIVE Global Accelerator Program
African agri-food startups can now apply for the THRIVE Global Accelerator Program, a 12-week program designed to support seed through Series A companies and prepare them for growth and scalability.