Roam Secures $24 Million Funding to Scale Up EV Production in Africa
February 15, 2024
Summary Kenyan-based electric mobility company, Roam, has secured a total of $24 million in funding. this consists of $14 million in a Series A funding round and $10 million in debt commitment. The Series A…
Qualcomm is Accepting Applications for the Make in Africa Startup Mentorship Program
February 6, 2024
Qualcomm is now accepting applications for the “Make in Africa Startup Mentorship Program.” This initiative aims to identify and nurture early-stage startups with a passion for integrating advanced connectivity and processing technologies into innovative end-to-end…
Visa to Host the First Africa Fintech Accelerator Program Demo Day on February 13th
February 2, 2024
Visa is set to host the first demo day of its Africa Fintech Accelerator program in Nairobi on February 13th. Launched in June 2023, the program aims to empower emerging fintech start-ups across the continent…
Sony Innovation Fund Invests Undisclosed Amount in SA's Gaming Startup, Carry1st
January 31, 2024
Carry1st has announced a strategic investment from Sony Innovation Fund, the venture capital arm of Sony Group Corporation. This significant partnership marks the inaugural investment from Sony Innovation Fund: Africa, established by Sony as a…
Apollo Agriculture Secures $10 Million Investment for Agri-Tech Expansion in Kenya
January 29, 2024
Apollo Agriculture has announced a financial partnership with Swedfund and ImpactConnect. The injection of a combined $10 million in debt investment marks a pivotal moment for the agri-tech industry in Kenya and beyond, as Apollo…
Kenyan Start-up, Bena Care, Among the first Beneficiaries of Village Capital and Standard Chartered Bank's Initiative Empowering Women-Led Ventures
January 26, 2024
Village Capital has partnered with Standard Chartered Bank to launch a pioneering financing facility. The primary focus of this initiative is to invest in early-stage, impact-focused start-ups led by women founders, providing them with the…
Nigerian Edtech Startup, AltSchool Africa, Expands to kenya
January 24, 2024
AltSchool Africa, the Nigerian edtech startup founded in 2021, has announced its official entry to kenya. This will be its second country in East Africa after Rwanda. The startup provides a number of in-demand courses…
Shamba Pride Receives $3.7 Million Investment from AgriFI and Seedstars Africa Ventures
January 22, 2024
Kenyan based Agri SME, Shamba Pride, has announced an investment of $3.7 million from EDFI AgriFI (the EU Agriculture Financing Initiative) and Seedstars Africa Ventures. The investment is broken down to a $2 million long…
Egyptian Payments Company, Zeal, Secures $4M Funding
January 20, 2024
Egyptian payments company, Zeal, has successfully secured $4 million in funding through a round led by RAED Ventures and Cur8 Capital, alongside strategic angel investors. This funding marks a pivotal moment for the startup, as…