Tag: Startup News

Africa50, a key infrastructure investor operating across the continent, has completed the first close of its Alliance for Green Infrastructure in Africa – Project Development Fund (AGIA‑PD), raising $118 million in landmark financing.

Ampersand, a Rwandan electric motorcycle firm, has secured a fresh funding round to grow its operations across East Africa.

HoneyCoin, a Nairobi-born payments orchestration platform, has secured $4.9 million in seed funding.

Dédougou Solaire has secured €17.2 million to build and operate an 18 MWp solar power plant in Dédougou, Burkina Faso.

The African Development Bank (AfDB) has announced plans to contribute $500 million, pending board approval, toward the construction of a new international airport in Ethiopia.

Lagos-based delivery startup Chowdeck has secured $9 million in Series A funding to extend its reach into more cities across Nigeria and Ghana and to accelerate its quick-commerce strategy.

Sahel Capital, a specialist investment manager in sub‑Saharan Africa’s food and agriculture sectors, recently provided a loan of $590,000 to Rasad Nigeria through its Social Enterprise Fund for Agriculture in Africa (SEFAA).

Travel‑centric fintech TurnStay has closed a $2 million seed financing round. The round was led by First Circle Capital.

Mediterrania Capital Partners (MCP) and CDG Invest Growth have made a combined capital injection of $59 million into Dislog Dispositifs Médicaux (DDM), the medical device subsidiary of Dislog Group.