Tag: Startup News

Convergence Partners has led an undisclosed Series C funding round in Yellow, an African fintech that finances smartphones and off-grid solar products.

The African Development Bank Group and Cassa Depositi e Prestiti, Italy’s national promotional institution and development finance institution, have approved a combined $35 million equity investment in RMBV North Africa Fund III.

Genser Energy has secured term and revolving credit facilities worth approximately $529 million (€456 million) to complete gas and power infrastructure in Ghana, strengthen its balance sheet, and support expansion into Côte d’Ivoire and other West African markets.

South African workforce management startup Jem has raised $8.4 million in Series A funding to accelerate product development and expand its WhatsApp-based platform for deskless employees. Quona Capital led the round, which Jem announced on August 17, 2026.

The International Finance Corporation has proposed an equity investment of up to $50 million in the Universal Green Energy Access Programme, a fund seeking to expand financing for distributed renewable energy projects across sub-Saharan Africa.

BluePeak Private Capital Fund II has invested an initial $12 million in Monty Mobile International to expand enterprise messaging services across Africa.

The International Finance Corporation has committed $25 million to Jumia Technologies AG as part of a $50 million equity raise aimed at expanding the company’s e-commerce and logistics operations across Africa.

Small Foundation has made an undisclosed capital commitment to AgDevCo Ventures, increasing the pool of long-term financing available to early-stage agricultural businesses in East Africa.

AHL Venture Partners has secured a further $15 million debt facility for the AHL Africa Credit Fund I, increasing the vehicle’s total capital raised to $45.5 million.