Tag: Startup News

The International Finance Corporation (IFC), a member of the World Bank Group, is considering a significant investment in a Moroccan venture capital fund that targets emerging technology companies in North and West Africa.

South African nurse-led primary healthcare clinic chain Alma Clinics has secured $2.8 million in funding from investment firm IDF Capital’s Alitheia IDF Fund (AIF).

Potcast Productions, a leading Egyptian podcast producer founded in 2020, has secured an undisclosed amount of pre-seed funding.

Johannesburg’s digital bank, TymeBank, is close to securing $150 million in a Series D funding round, aiming to solidify its position as Africa’s fastest-growing player.

Egyptian fintech company Sahl has secured $6 million in funding to solidify its position as a one-stop shop for household bills in collaboration with government agencies.

Egyptian healthtech company i’SUPPLY has secured an undisclosed amount of funding in a pre-Series A round to fuel its expansion plans and bolster its offerings for small and medium-sized pharmacies.

Mastercard has announced a $2.04 million investment in a partnership with Wowzi, Africa’s leading influencer marketing platform, and Masria Digital Payments (MDP) to empower African creators.

The European Investment Bank’s (EIB) global development arm, EIB Global, has committed €25 million to Amethis Fund III, a pan-African private equity fund.

Elevate, a fintech company specializing in US banking services for non-resident remote workers, announced today the closing of a $5 million equity-debt pre-Series A funding round led by Negma Ventures, a Dubai-based investment firm.