Tag: Tech News

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.

Wuilt, an Egyptian e‑commerce infrastructure startup, has secured $2 million in new financing.

The European Bank for Reconstruction and Development (EBRD) has pledged up to US $80 million as a founding investor in the North Africa Fund III (NAF III).This fund is managed by RMBV.

Helios Climate, a platform focused on climate investments, has partnered with the Private Infrastructure Development Group (PIDG) to back SUN Mobility, an Indian company specializing in energy infrastructure for electric vehicles (EVs).

Cape Town-based venture capital firm HAVAÍC has completed the second closing of its African Innovation Fund 3, raising $25 million towards its $50 million target.