Tag: Tech News

Orca Fraud, a South African startup focused on combating financial fraud in digital payment systems, has raised $2.35 million in seed funding to strengthen its real-time transaction monitoring and fraud intelligence platform.

Global impact investor Acumen has made a strategic investment in AgroEknor, a Nigerian agribusiness focused on the production, processing, and export of hibiscus.

British International Investment (BII) and ILX, a private debt asset manager based in Amsterdam, have completed their first joint investment aimed at increasing financing for small businesses and agricultural enterprises in East Africa.

South Africa’s Commercial Energy South Africa (CESA), a subsidiary of renewable energy developer SolarAfrica, has secured a R635 million (approximately $39.5 million) investment from African mezzanine debt specialist Vantage Capital, with participation from co-investor Greenpoint Capital.

South African investment firm Hlayisani Capital has officially unveiled its second technology-focused venture vehicle, Hlayisani Venture Fund II (HVF II).

Acumen, a global impact investor, has backed Vitara, a Ghana-based agribusiness working to transform how smallholder farmers sell their crops and earn income.

The African Development Bank Group’s Board of Directors has approved a €6.5 million investment in the Saviu II venture capital fund as part of ongoing efforts to expand financing for early-stage technology companies in Africa.

Platinum Credit Uganda, the Ugandan microfinance arm of The Platcorp Group, has attracted a fresh injection of capital after securing a $4 million investment from Swiss asset manager Symbiotics to bolster lending to underserved communities and small businesses across the country.

Nigeria has secured its first significant financial commitments from European institutions to back its ambitious national fibre-optic expansion plan, Project BRIDGE, aimed at ensuring high-speed internet access in every one of the country’s 774 local government areas.