Applications Open for the 2025 Mastercard Foundation EdTech Fellowship
November 25, 2024
Injini, in partnership with the Mastercard Foundation, has announced the opening of applications for the 2025 Mastercard Foundation EdTech Fellowship, which supports South Africa-based start-ups aiming to improve education through innovation. The Fellowship offers participating…
Egypt’s Qara Secures $2.6M Funding to Expand Into Saudi Arabia
November 25, 2024
Qara has announced the successful completion of its $2.6 million funding round, led by strategic investors. This funding will drive the company’s expansion into the Kingdom of Saudi Arabia (KSA), supported by the National Technology…
Peach Cars Opens a Third Location in Lang'ata
November 21, 2024
Peach Cars has announced the opening newest branch in Lang’ata. This third location marks an exciting step forward for the company, building on the brand’s commitment to transforming the used car market with transparent, customer-focused…
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…