Egyptian Insurtech, Amenli, Raises $2.3 Million in Seed Funding Round
November 20, 2024
Amenli has closed a new funding round of $2.3 million aimed at accelerating its growth and enhancing its service offerings. The investment was led by the European Bank for Reconstruction and Development Venture Capital arm…
Flourish Ventures Releases Survey on African Founders' Wellbeing and Mental Health
November 13, 2024
Flourish Ventures has published the first-ever, wide-scale survey of founder wellbeing in Africa, shining light on the experiences of early-stage entrepreneurs across the continent. Titled ‘Passion and Perseverance: Voices from the African Founder Journey,’ the research…
Janngo Capital Closes a $78M Fund to Support Tech Startups Across Africa with Gender Equality Focus
October 31, 2024
Janngo Capital has announced the final closing of its second fund at $78 million, 20% beyond its initial target. This fundraising demonstrates the confidence of leading institutional and private financial investors in Janngo’s team and…
Sistema.bio Announces Acquisition of Inclusive Energy
October 29, 2024
Sistema.bio has acquired Inclusive Energy (IE). IE is at the forefront of digital Monitoring, Reporting and Verification (dMRV). This strategic acquisition will significantly enhance Sistema.bio’s capacity to deliver high-impact biogas solutions with improved digital MRV capabilities, benefiting…
Oyster Agribusiness Secures $2M to Scale Climate-Smart Farming in Ghana
October 29, 2024
Oyster Agribusiness has raised US$2 million in funding to expand its operations and deepen its impact on smallholder farmers across Ghana. This milestone was made possible through the support of Root Capital, RDF Ghana, and Sahel…
BURN Secures $15 Million Investment from European Investment Bank
October 24, 2024
BURN has secured a US$15 million investment from the European Investment Bank (EIB). The US$15 million investment was announced during the World Bank/IMF Annual Meetings in Washington. This funding will accelerate BURN’s efforts to manufacture…
d.light Joins Kenya’s Off-Grid Solar Project to Provide Solar Power and Clean Cooking Solutions to 150,000 in Rural Areas
October 23, 2024
d.light has been selected to take part in the latest Kenyan Government initiative to expand the uptake of off-grid solar home systems and clean cookstoves in underserved rural counties in the country. d.light has been…
BasiGo Secures $42 Million in Equity and Debt to Drive Electric Bus Growth in East Africa
October 23, 2024
Summary BasiGo has announced the close of a $42 million funding round. This round consists of $24 million Series A Equity funding and $17.5 debt facilities from British International Investment (BII) and the U.S. Development…
Madica Invests in Earthbond to Accelerate Solar Energy Adoption for Nigerian SMEs
October 22, 2024
Madica has announced its investment in Earthbond, a climate tech startup serving Nigerian SMEs via an integrated clean energy marketplace. Following the investment, Earthbond will participate in Madica’s comprehensive investment program which includes 18 months…