Tag: Startup News

British International Investment (BII) has committed $5 million in funding to ARC Ride to boost the adoption of electric motorbikes in Kenya.

The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, has raised $325 million in new debt financing to support essential infrastructure development across Africa and Asia.

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a joint initiative to drive project development across six sub-Saharan African countries: Benin, Côte d’Ivoire, Ghana, Kenya, Nigeria, and Senegal.

SA-based medical technology startup Impulse Biomedical has received a new round of funding from E Squared Investments and ANZA Capital.

GOGO Electric has secured a revolving working capital facility from the Africa Go Green Fund (AGG), managed by Cygnum Capital, to boost electric motorbike production in Uganda.

Thndr, a digital investment startup based in Cairo, has secured $15.7 million in its latest funding round.

Catalyst Partners Middle East (CPME) has acquired Egyptian fintech startup Qardy in a $23 million deal.

The European Investment Bank’s development branch, EIB Global, and Kenya’s Family Bank have announced a major partnership to provide €100 million (approximately KES 14.7 billion) in funding to support small and medium-sized businesses (SMEs) in Kenya.

AURA, a South African startup offering emergency response services, has raised €13.5 million (around $15.1 million) in its Series B funding round.