Tag: Tech News

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.

Ugandan coffee exporter Sukuma Commodities has secured an expanded financial commitment of $1.8 million from Sahel Capital’s Social Enterprise Fund for Agriculture in Africa (SEFAA).

Moroccan fintech startup WafR has successfully raised $4 million in a seed funding round that drew strong interest from investors, marking one of the first deals from LoftyInc Capital’s new Alpha Fund.

Spiro, a leading African electric mobility company, has secured $50 million in debt financing in a new funding round that will accelerate the expansion of its battery-swapping infrastructure and related clean mobility technologies across the continent.