Ampersand
Funding Investment Renewable Energy

Ampersand Secures $9m Funding From International Development Finance Corporation (DFC) to Scale Operations

Ampersand, Africa’s first electric motorcycle company, has just secured a $9 million loan facility from the U.S. International Development Finance

Ukheshe
Acquisition Fintech

Ukheshe Acquires EFT Corporation to Transform Financial Services Across Africa

Ukheshe International, the Banking as a Service (BaaS) and embedded finance enabler, has acquired 100% of  EFT Corporation Limited (EFTCorp) from parent Loita Transaction

Persistent Energy
Clean Energy CleanTech Funding Venture Capital

Persistent Energy Raises $10m Funding Led by Kyuden International and FSD Africa to Grow Climate Venture Building in Africa

Persistent Energy has raised $10 million in equity in its Series C round led by Kyuden International Corporation and FSD

Funding Investment Renewable Energy

U.S. Development Finance Corporation Invests $10m in Nithio FI to Scale Clean Energy Financing in Africa

U.S. Development Finance Corporation (DFC) has invested $10 million in Nithio’s Financial Intermediary, Nithio FI, B.V., an AI-enabled clean energy

IFC
News

IFC Invests in Equator Africa Fund I to Support African Climate Sector Tech Businesses

International Finance Corporation (IFC) has announced an investment in Equator Africa Fund I, marking its first-ever venture capital fund focused

MNT-Halan
Fintech Funding Investment Payment Venture Capital

MNT-Halan Secures $157.5m to Accelerate Expansion Beyond Egypt

MNT-Halan, an Egyptian FinTech landscape and the country’s first unicorn, has recently completed a significant funding round, securing $157.5m. This

Venture Capital

Partech Africa II Fund Reaches $300m+ Final Close to Expand Team and Portfolio

Partech, the global technology investment firm, has announced the final closing of its second Africa fund, Partech Africa II, at

Husk Power
Clean Energy

Husk Power Secures $100m in Equity and Debt Power Growth of Community Solar Minigrids in Africa

Husk Power Systems, the solar electric power generation company, has announced that it has closed $43 million in Series D

Leapfrog Ventures
Funding Investment Venture Capital

LeapFrog Investments Plans to Hold Final Close of its $1bn Fund in Feb 2024

LeapFrog Investments, the Profit with Purpose firm, has raised a significant share of its Emerging Consumer Fund IV targeting $1

Sony Innovation Fund: Africa
Africa Venture Capital

Sony Launches Sony Innovation Fund: Africa

Sony Group Corporation has announced that it has established “Sony Innovation Fund: Africa” as an initiative to support the growth