Tag: Tech News

Airnergize Capital, the clean technology investment platform within New GX Capital, has closed its first fund at approximately $239 million to finance energy, water and gas infrastructure businesses across Southern Africa and other African markets.

Madica has committed up to $1 million to five African startups, expanding the pre-seed investment program into Algeria and Cameroon for the first time.

Egypt-founded financial technology company Synapse Analytics has raised $13 million in Series A funding to expand its AI decisioning platform for regulated financial institutions across Africa, the Middle East, Latin America, and other international markets.

South Africa-based Grindstone Ventures has launched a R500 million venture fund, equivalent to about $31 million, to invest in high-growth, technology-enabled African businesses from Seed through Series A.

Proparco has committed $15 million to Capitalworks IV, a private equity fund managed by South African investment firm Capitalworks, to support the expansion of mid-sized businesses in South Africa.

Kenya-based electric mobility company ARC Ride has raised $33.3 million in equity and debt financing to expand its battery-swapping network and electric two- and three-wheeler platform in Kenya and additional African markets.

AHL Venture Partners has completed the second close of its AHL Africa Credit Fund I at $45.5 million, advancing the private credit vehicle toward its $70 million fundraising target.

Village Capital has invested a combined $450,000 in Nigerian startups Trade Lenda and AirSmat through its $4 million Africa Ecosystem Catalysts Facility, extending the fund’s portfolio into Nigeria after its first investments in Ghana.

Nigerian fintech Nomba has secured a $3 million debt facility from CardinalStone Finance Company Limited to expand cross-border payments infrastructure connecting businesses in Central Africa with trading partners in Asia.