Tag: Startup News

Innovate Africa, a newly established angel investment fund, has begun operations with an initial commitment of $2.5 million.

The United Nations Development Programme (UNDP) has partnered with African governments and private sector leaders to launch a groundbreaking initiative aimed at supercharging innovation and entrepreneurship across the continent.

NuRAN Wireless, a leading provider of mobile and broadband wireless infrastructure solutions, has secured a $5 million loan facility with Cygnum Capital’s Facility for Energy Inclusion (FEI) to accelerate its network deployment in Africa.

Tanzanian fintech startup NALA has secured $40 million in a Series A funding round, one of the largest of its kind in Africa according to TechCrunch.

Ten African startups have been chosen to receive funding as part of the Africa Blue Wave and Regen Wave initiatives, a collaborative effort to unlock solutions for a sustainable future.

Luxembourg-based climate insurance innovator Ibisa has secured $3 million in funding to accelerate its expansion in Africa and Asia.

Norfund, a Norwegian investment management company focused on developing markets, announced a $20 million commitment to the Apis Growth Markets Fund III.

El Kheta, an Egyptian online learning platform, has secured a significant investment of US$400,000 from EdVentures, Nahdet Misr Group’s venture capital arm.

South African digital banking leader TymeBank has secured $77.8 million in a pre-Series C funding round.