Proparco
Product Launch

Rubyx Launches ‘Lending as a Service’ For African Microfinance Startups With Proparco Support

Proparco has granted a €400,000 loan to Rubyx through the Bridge by Digital Africa facility. This will enable the African

Proparco
Funding Investment Venture Capital

Proparco Supports Egypt’s Startups With Investment in DisrupTech Ventures

Proparco, a subsidiary of the AFD Group focused on private sector development, has announced an investment in an early-stage venture

d.light
Funding Investment Renewable Energy Startup

Solar Energy Startup, D.light Secures $10m in Equity Financing From Proparco

D.light, a leading innovator of solar energy products, has raised US$10 million in equity financing from Proparco.  This latest funding

PROPARCO
Funding Investment Venture Capital

PROPARCO and Bpifrance Unveil New Fund to Promote Development of Private Equity Industry in Africa

Bpifrance and Proparco have announced the first closing of Averroès Africa, their fourth private equity fund of funds for Africa.

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

Ecobank
Competition Fintech

Ecobank Group Announces Top Finalists for the 2024 Ecobank Fintech Challenge

Ecobank, the pan-African Bank, has announced the top finalists for the first-ever and inaugural 2024 Ecobank Fintech Challenge Hybrid Semi-Final

Adenia Partners
Acquisition

Adenia Partners Acquires The Courier Guy to Enhance Last-mile Delivery Services in South Africa

Adenia Partners, a private equity firm focused on growth opportunities in Africa, has acquired 100% of The Courier Guy, a

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

FCMB
Accelerator Banking

FCMB Launches Accelerator Programme to Empower SMEs

First City Monument Bank (FCMB) has launched an accelerator programme to upskill and grow over one million small and medium-sized

Almouneer
Funding Investment Venture Capital

Almouneer, an Egyptian Healthtech Startup, Secures $3.6m Funding

Almouneer, the Egyptian healthtech startup, has raised $3.6 million seed round led by Dubai-based Global Ventures, with participation from other