LoftyInc Capital Secures $43M First Close for Alpha Fund
March 7, 2025
LoftyInc Capital Management has announced the first close of $43m for its new LoftyInc Alpha Fund, a late-seed focused investment vehicle that will drive growth for Africa’s most promising tech startups across key geographies, including…
Badili Secures $400,000 from Proparco to Expand Smartphone Re-Commerce in Africa
March 5, 2025
Badili, a re-commerce startup specializing in refurbished smartphones, has raised $400,000 in debt from Proparco. The debt was supported by Digital Africa and deployed by Proparco. Badili plans to use the funding to improve access to…
Kenyan Startups Recognized at Sankalp Africa Awards 2025
February 28, 2025
Four startups were crowned winners of the prestigious Sankalp Africa Awards 2025. The awards were announced at the 12th Sankalp Africa Summit, held at the Edge Convention Centre in Nairobi, an event that brought together…
Gozem Secures $30M Series B Funding to Expand in West and Central Africa
February 27, 2025
Gozem, the Super App in Francophone Africa, has announced the close of a $30 million series B funding round. This round comprised both equity and debt and was led by SAS Shipping Agencies Services Sàrl…
Halcyon and AWS Launch Fellowship to Support Climate-Smart Agriculture in Africa
February 26, 2025
Halcyon has announced its collaboration with Amazon Web Services (AWS) highlighting their shared commitment to combat food insecurity and accelerate transformative change in Africa through innovation in agricultural technology. This collaboration has already identified 10…
AGRA and Rwanda Partner to Launch Food Innovation Hub
February 25, 2025
The Ministry of Information Communication Technology and Innovation and AGRA has announced a strategic partnership to develop a Rwanda Food Innovation Hub, aimed at catalyzing sustainable food systems across Africa. The Food Innovation Hub aims…
KCB Secures $100M from British International Investment
February 24, 2025
British International Investment (BII), the UK’s development finance institution and impact investor, has announced the provision of a $100 million Tier 2 capital facility to KCB Bank Kenya to increase its lending capacity to climate-related projects and…
Dream VC Opens Applications for Its 2025 Venture Capital Fellowship Programs
February 24, 2025
Dream VC, a venture capital education platform in Africa, has announced the official opening for applications for its 2025 fellowship programs. Through this initiative, Dream VC hopes to equip aspiring investors with the knowledge, skills,…
Swedfund, BII, and Norfund Invest $85M in AgDevCo
February 21, 2025
Swedfund, alongside British International Investment (BII) and Norfund, have announced a joint $85 million investment in AgDevCo, the specialist investor transforming agriculture across sub-Saharan Africa. The equity investment comprises up to $20 million from Swedfund,…