Tag: Tech News

Small Foundation has made an undisclosed investment in Unmarkets, a Nairobi-based venture builder that creates food and agricultural businesses with established African-owned companies.

Swedfund, Sweden’s development finance institution, is providing a $20 million loan to the Africa Go Green Fund to expand debt financing for businesses and projects that reduce greenhouse gas emissions across Africa.

Ventures Platform has closed its second institutional fund, VP Pan-African Fund II, at $84 million, exceeding its original $75 million target.

Kenyan financial technology startup Flowt has secured an undisclosed first close of its pre-seed round to expand working-capital financing for climate-smart small businesses in Kenya.

ThriveAgric has raised approximately $3.93 million through its first commercial paper issuance to finance commodity purchases and agricultural trading in Nigeria.

CardinalStone Capital Advisers has raised $76 million at the first close of CCA Growth Fund II, securing capital to invest in small and medium-sized businesses across West Africa.

South African SME investment and business development firm Edge Growth has launched a catalytic debt fund for established, technology-enabled scale-ups after securing approximately $21.9 million at first close.

Ninety One has reached the final close of its Africa Credit Opportunities Fund 3 at $404 million, including leverage, to finance businesses and critical infrastructure projects across Africa and other emerging markets.

Africa Finance Corporation has raised approximately $431 million (CHF 350 million) through a five-year digital bond to support its general funding requirements and expand its capacity to finance infrastructure across Africa.