Tag: Tech News

Egyptian cleantech company, Tagaddod, has secured $26.3 million in a Series A funding round aimed at accelerating its expansion and deepening its capabilities in the renewable feedstocks market across Africa, Asia and Europe.

Gabonese telematics and fleet management startup POZI has raised €650,000 (about USD 690,000) in a funding round led by Saviu Ventures, with participation from Emsy Capital and advisory firm Chazai Wamba

Mawingu, a telecommunications firm specializing in delivering internet connectivity across rural and peri-urban East Africa, has secured a US$20 million investment from the Pembani Remgro Infrastructure Fund II (PRIF II).

Malian agritech and climate-insurance startup, OKO, has secured a new round of investment led by Catalyst Fund, with backing from two of its earlier backers.

Avanz Capital Egypt has joined Algebra Ventures’ second fund as a limited partner through a secondary transaction executed by its investment arm, Avanz Manara.

The Norwegian development finance institution Norfund has committed €20 million into Société Ivoirienne de Productions Animales (SIPRA), one of West Africa’s biggest domestically owned poultry enterprises.

The African Local Currency Bond Fund (ALCB Fund), managed by Cygnum Capital, has received a $45 million investment from Dutch development bank FMO, with co-funding from its asset management arm, FMO Investment Management (FMO IM).

New GX Capital has revealed that Nedbank’s Corporate and Investment Banking arm has pledged $28 million to the firm’s Airnergize Capital Fund I, pushing total committed capital to $161 million as the fund nears its $200 million target.

Kenyan fintech Zanifu has secured fresh backing from Yango Ventures, the US$20 million corporate venture capital arm of global tech group Yango.