Tag: Startup News

Swiss impact investor Symbiotics has provided a USD 5 million debt facility to Complete Farmer, the Ghanaian agritech startup focused on strengthening agricultural value chains in West Africa.

Sumitomo Mitsui Banking Corporation (SMBC), under its parent Sumitomo Mitsui Financial Group (SMFG), has agreed to invest in the Novastar Ventures Africa People and Planet Fund III, L.P., managed by Novastar Ventures Ltd.

Japanese agri-tech innovator Degas Limited has pledged a US $100 million investment over four years to help transform Ghana into Africa’s inaugural AI-driven agricultural hub.

Benin is moving forward with a major renewable energy initiative through a partnership between Axian Energy, a pan-African developer, and Sika Capital Bénin.

The Facility for Energy Inclusion (FEI), managed by Cygnum Capital, will provide a $5.7 million senior debt facility as the sole lender to finance Qair Group’s 5.8 MWp floating solar project in Seychelles.

Sahel Capital, manager of the Social Enterprise Fund for Agriculture in Africa (SEFAA), has secured a $10 million commitment from the Mastercard Foundation Africa Growth Fund, which is administered by Mennonite Economic Development Associates (MEDA) in Mauritius.

CrossBoundary Energy (CBE) has obtained a $40 million equity-like investment from Impact Fund Denmark (IFDK).

Hypeo Ai, a Moroccan startup offering an AI-powered platform for influencer marketing, has secured funding from Renew Capital to speed up and simplify brand-creator collaborations across Africa and the Middle East.

Nedbank Group has struck a binding agreement to purchase iKhokha, a prominent South African fintech provider, for approximately R1.65 billion (about US$94 million) in an all-cash transaction.