Tag: Tech News

Dutch development finance institution FMO has announced a $10 million investment in the Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA).

Fintech startup, Sycamore, has emerged as the grand winner of the second edition of the Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation, securing a $100,000 prize.

South African climate-tech startup, Plentify, has successfully concluded an oversubscribed funding round, securing investment from prominent African and North American venture capitalists.

Egyptian fintech company MNT-Halan has successfully raised $157.5 million in new funding to accelerate its expansion beyond its home market.

Logidoo, a Pan-African logistics startup, has received a $50,000 grant from the International Development Research Centre (IDRC).

TerraPay, a digital payments platform focused on Africa, has announced a $95 million debt financing round to accelerate low-cost remittance transactions across the continent.

d.light, a leading provider of affordable solar solutions, has secured a $176 million debt financing deal to expand its reach in Kenya, Tanzania, and Uganda.

Dopay, a fintech platform focused on providing digital payroll and payment solutions to the unbanked and underbanked workforce in emerging markets, has successfully raised $13.5 million in a Series A extension round.

Access Bank Plc, Nigeria’s largest bank by assets, received a $30 million loan from Swedfund, a Swedish development finance institution, to support small and medium-sized enterprises (SMEs) in the country.