European DFIs Commit $80M to BluePeak’s Second Africa-Focused Private Credit Fund
May 14, 2025
Four European Development Finance Institutions (EDFIs), British International Investment (BII), FMO, Swedfund, and Swiss Investment Fund for Emerging Markets (SIFEM) have jointly committed $80 million to BluePeak Private Capital Fund II (BPCF II), a pan-African…
BURN Secures $5 Million EU-Backed Investment
May 14, 2025
BURN Manufacturing has received a $5 million investment from EDFI Management Company through the EU-funded Electrification Financing Initiative (ElectriFI). This funding will help over 100,000 Kenyan households shift from costly, polluting fuels like charcoal and…
Verto Wins $1 Million FinTech Prize for Enabling Cross-Border Payments in Africa
May 14, 2025
UK-based FinTech startup Verto has won the $1 million Grand Prize in the Milken-Motsepe Prize in FinTech. The company emerged as a standout player in a competition that attracted over 400 global applications. The prize…
Egypt's iSUPPLY Secures $3M from Bokra
May 8, 2025
Bokra, the MENA goal-based digital investment platform, has announced a $3 million Sharia-compliant financing agreement with iSUPPLY, a digital pharmaceutical and medical supply distribution. The deal will power iSUPPLY’s next phase of growth and at…
Ghana’s Zeepay Secures $18M to Expand Footprint Across Africa
May 7, 2025
Ghanaian fintech Zeepay has raised $18 million in senior secured venture debt. This funding will help its expansion across Africa and the Caribbean. Structured by investment firm Verdant Capital IMAP, the deal marks a major…
IFC and TLG Capital Launch $75M Private Credit Fund to Support Africa’s Stressed SMEs
May 5, 2025
IFC and TLG Capital have announced the first close of a new private credit fund, TLG Africa Growth Impact Fund II (AGIF II), with $75 million raised. IFC, through its Distressed Asset Recovery Program (DARP),…
Money Fellows Raises $13 Million to Digitize Traditional Savings Circles Across Africa
May 5, 2025
Money Fellows has announced it has raised $13 million in a new financing round. This round brings the total amount invested in the company to over $60 million. The company will use the investment to…
Aruwa Capital Nears $40M Target for Second Fund
May 4, 2025
Aruwa Capital Management, the trailblazing, female-founded investment firm based in Lagos, has announced it has raised 90% of its $40 million target for its second fund, Aruwa Capital Fund II—a major milestone in a tough…
Ghana’s Tendo Secures Fresh Backing from Renew Capital
May 3, 2025
Ghanaian startup Tendo has received fresh backing from Renew Capital. Tendo is expanding its mission to empower everyday people to launch and run ecommerce businesses using nothing more than their smartphones and social media accounts….