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…
IZI Expands Electric Bus Fleet in Rwanda with Grant from Green Fund
October 21, 2024
IZI has today announced significant milestones in its mission to electrify Rwanda’s public transport sector. In just four months of operation, IZI’s initial fleet of five electric buses has demonstrated remarkable success. The buses have…
Ampersand Opens a New Electric Motorcycle Manufacturing Facility in Nairobi
October 17, 2024
Ampersand has opened a new manufacturing facility in Nairobi for its electric motorcycles. The company says with the opening of this new facility, it will triple its production capacity in the country. Josh Whale, CEO,…
Yellow Card Secures $33M Series C Funding to Expand Stablecoin Solutions Across Africa
October 17, 2024
Yellow Card has closed a $33 million Series C equity financing round led by Blockchain Capital, with participation from Polychain Capital, Third Prime Ventures, Castle Island Ventures, Block, Inc., Galaxy Ventures, Blockchain Coinvestors, Hutt Capital,…
Sistema.bio Secures $15 Million Financing to Fuel Global Growth and Expansion
October 15, 2024
Sistema.bio has announced it has secured a package of US$15 million in financing to fuel its global growth. The company has grown its sales by over five fold in the last three years, driven by…
Standard Chartered Awards Ksh 8.75 Million to 7 Women-Led Startups in Sustainability at Women in Tech Program
October 10, 2024
Standard Chartered Kenya in collaboration with @iBizAfrica – Strathmore University, on Tuesday 8th October 2024, awarded Ksh 8.75 Million to seven women-led startups in the sustainability sector as part of the seventh cohort of the…
IFC Invests in Equator Africa Fund I to Boost Climate Tech Innovation in Sub-Saharan Africa
October 9, 2024
IFC has announced an investment in Equator Africa Fund I, marking its first-ever investment in a venture capital fund entirely focused on supporting businesses and innovation in the climate sector. Equator Africa is backing early-stage,…
Daba Finance Wins Ecobank Fintech Challenge 2024, Secures $50,000 Grand Prize
September 30, 2024
Ecobank has announced Daba Finance, the Ivorian Fintech, as the Grand Winner of its flasghip Ecobank Fintech Challenge 2024. Twelve (12) innovative fintech startups competed to impress the esteemed panel of five judges for the US$50,000 prize. The…