Acasia Group, a prominent multi-incubator operator and angel investment syndicate in Egypt, has been acquired by Sultan Ventures, a US-based venture firm.
Dabchy, a leading online marketplace for second-hand fashion in the Middle East and North Africa (MENA), has raised a seven-figure pre-Series A funding round.
The Tony Elumelu Foundation (TEF), a leading philanthropic organization dedicated to empowering young entrepreneurs in Africa, has entered into a $6 million strategic partnership with the UAE Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation.
Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), has provided a $500,000 working capital loan to Agriarche, a company focused on improving market access for smallholder farmers in Nigeria.
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