Tag: Startup News

Candi Solar, a company that supplies clean energy to businesses in developing countries, has raised $24 million in new funding from its current backers.

Admaius Capital Partners has officially invested in Minapharm Pharmaceuticals, marking a major step in supporting Africa’s biopharmaceutical industry.

Sun King, a solar energy provider focused on off-grid solutions, has raised $156 million through a local currency securitisation deal aimed at boosting access to affordable solar power in Kenya.

The Swiss Investment Fund for Emerging Markets (SIFEM) has confirmed its support for the Alterra Africa Accelerator Fund I, which is managed by Alterra Capital Partners.

Google has announced a $37 million investment to advance artificial intelligence (AI) initiatives across Africa.

Gather Ventures, a firm founded by Kenyan-born Jo Opot, has launched a climate-focused investment fund aimed at supporting women-led startups across Africa. The fund is financially supported by Rihanna’s Clara Lionel Foundation.

Flend, a financial technology company focused on small and medium-sized enterprise (SME) lending, has secured $3 million in seed funding through a combination of equity and debt financing.

The African Development Bank (AfDB) has committed $40 million in equity investment to Project Zafiri, a new initiative aimed at expanding access to renewable energy in Africa.

Moroccan startup ORA Technologies has raised $7.5 million in its Series A funding round.