Tag: Startup News

Property technology company Nawy has successfully raised $52 million in a Series A equity round to support its strategic expansion across Egypt and the broader MENA region.

Proparco has partnered with RMBV to support the North Africa Fund III (NAF III), which aims to drive economic growth in the region.

The Fund for Export-Development in Africa (FEDA), an investment arm of the African Export-Import Bank (Afreximbank), has established a $1 billion Africa Film Fund to support Africa’s growing film and TV industry.

Lagos-based health technology startup Platos Health has secured $1.4 million in a pre-seed funding round to grow its artificial intelligence-powered health platform, Platos Monitor.

Egyptian fintech startup MoneyFellows has secured $13 million in a pre-Series C investment round to support its growth beyond Egypt and enhance its digital savings platform.

The African Development Bank Group (AfDB) has approved a Zambian Kwacha-backed Risk Sharing Credit Guarantee worth $32 million to help finance Zambeef Products Plc’s $100 million expansion plan in Zambia.

Communication & Renewable Energy Infrastructure (CREI), the energy division of Ieng Group, has secured $40 million in bridge financing to expand renewable energy systems for telecom towers in Mali.

To help small and medium-sized businesses in Africa access the financing they need, the International Finance Corporation (IFC) and investment firm TLG Capital have launched a new private credit initiative.

Ghanaian energy technology startup Kofa has raised $8.1 million in a pre-Series A funding round aimed at scaling its battery-swapping network across cities in Africa.