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….
MYDAWA Secures $9.6M to Expand Across East Africa, Eyes 8M Patients by 2032
May 1, 2025
MYDAWA has secured $9.6 million ((~KES 1.3 billion)) from Denmark’s Investment Fund for Developing Countries (IFU) to help expand its footprint across Kenya and Uganda. With this funding, MYDAWA plans to open 30 new pharmacies…
i3 Unveils Third Cohort of 7 African Startups Revolutionizing Pharmacy Services
April 30, 2025
Investing in Innovation Africa (i3) has announced its 3rd cohort of 7 growth-stage companies working to transform pharmacy services on the continent. Sponsored by the Gates Foundation, MSD, Cencora (formerly AmerisourceBergen), Endless Foundation, HELP Logistics (a…
Kofa Raises $8.1 Million in Pre-Series A Funding
April 30, 2025
Kofa, the tech energy company and end-to-end ecosystem enabler, has announced the close of an $8.1 million pre-Series A funding round. The investment, comprising $3.25 million in equity, $4.315 million in debt, and $590,000 in…
Standard Chartered Launches Cohort 8 of Women in Tech Programme
April 29, 2025
At the launch event for Cohort 8 of the Women in Tech programmme, a collaboration between Standard Chartered Bank and iBizAfrica at Strathmore University, there was no shortage of inspiration. Held earlier today at Standard…
Kijani’s Green Procurement Model Earns Silver Recognition in Cape Town
April 29, 2025
Kijani Supplies, a sustainable logistics and supply chain tech company, has been awarded a Silver Badge in the “Local Sourcing” category at the WTM Africa Responsible Tourism Awards 2025, held in Cape Town. This award…
Nigeria’s OmniRetail Raises $20 Million Series A to Scale B2B Operations
April 28, 2025
OmniRetail, the Nigerian B2B commerce platform, has raised $20 million in a Series A equity round. This round was led by Norwegian development finance institution Norfund and Timon Capital with the participation of Ventures Platform,…
DPI Launches New Venture Capital Arm to Back Africa’s Early-Stage Tech Startups
April 22, 2025
Development Partners International (DPI) is announcing the launch of DPI Venture Capital which will target investments in early stage, growth-orientated technology businesses across Africa. DPI has identified a unique opportunity to support early-stage companies and…