Tag: Startup News
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IFC Invests $45 Million in IPT PowerTech to Expand Clean Energy for Telecom Networks in Ethiopia, Liberia, and Sierra Leone
The International Finance Corporation (IFC) has committed $45 million to support the expansion of clean energy solutions for telecom infrastructure in Ethiopia, Liberia, and Sierra Leone.
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RMBV, Proparco Invest $90 Million in Morocco’s Africa Feed & Food to Boost Agri-Food Growth
RMBV’s North Africa Fund has committed MAD 850 million (approximately $90 million) to Africa Feed & Food (AFF), a Moroccan agro-industrial company, in a deal that also brings in French development finance institution Proparco.
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Littlefish Raises $9.5 Million Series A to Expand Merchant Infrastructure for African Banks
South African fintech startup Littlefish has secured $9.5 million in Series A funding to accelerate the growth of its merchant services platform across Africa, as demand rises for better digital tools to support small businesses.
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Adenia Secures $180 Million First Close for SME-Focused Africa Fund
Africa-focused private equity firm Adenia Partners has secured $180 million at the first close of its Adenia Entrepreneurial Fund I (AEF), hitting its maximum fundraising limit in under a year.
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Standard Bank Backs Enko Education with $22 Million to Expand Pan-African School Network
Standard Bank has arranged a $22 million debt facility for Enko Education, providing fresh capital to support the school network’s expansion across Africa.
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South Africa’s Happy Pay Raises $5 Million to Expand Ad-Supported BNPL Model in Africa
South African fintech startup Happy Pay has secured $5 million in seed funding as it looks to expand a new approach to buy-now-pay-later (BNPL) services built around advertising rather than consumer fees.
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How Hello Tractor is Scaling Farm Mechanization to Improve Smallholder Productivity in Africa
Hello Tractor is scaling farm mechanization across Africa, connecting smallholder farmers to equipment and increasing productivity and incomes.
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Starsight Secures $15 Million from BII to Scale Solar Energy Projects in West Africa
Starsight Energy Africa Group has raised $15 million in mezzanine debt financing from British International Investment (BII), in a move aimed at scaling its clean energy operations across West Africa, particularly in Nigeria.
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Aqua-Spark Secures $48 Million First Close for Africa Aquaculture Fund Targeting Sustainable Food Systems
Aqua-Spark has secured an initial $48 million for its Aqua-Spark Africa fund, marking the first funding milestone for an investment vehicle designed to support the growth of sustainable aquaculture across sub-Saharan Africa.