Tag: Tech News

ChipMango, a California-headquartered semiconductor technology company, has raised $1.9 million in seed funding to expand its commercial engineering services and workforce development platform across Africa, the United States, and Europe.

WIOCC Group has signed a Shareholder Subscription Agreement with Africa Finance Corporation (AFC) and Saudi Arabian infrastructure investor Vision Invest for a combined $300 million investment to expand its digital infrastructure operations across Africa.

DOB Equity has invested in Irrisol Engineering, a Ugandan water infrastructure company that builds and operates solar-powered water systems for rural and peri-urban communities.

All On and Energise Africa have invested $4 million in Maskh Nigeria Limited to develop solar-powered mini-grids in 19 communities across Jigawa and Bauchi states in northern Nigeria.

South African venture capital firm Mamor Capital Ventures has secured an approximately $18.6 million first close for its inaugural fund, giving it capital to invest in post-revenue technology businesses in the country.

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.