Inter Africa Transport Forex raises undisclosed funding from Emerging Capital Partners $640m Africa Fund

Mauritius-based Inter Africa Transport Forex (IATF), a fintech platform that enables transport companies, especially cross-border ones – to better procure, manage and...

SA Insurtech startup Inclusivity Solutions raises $1.56m to expand to new markets in Africa

Cape Town-based insurtech startup Inclusivity Solutions has raised $ 1.5 million first tranche of its Series A round to expand its digital...

AfDB launches a $400m Africa Digital Financial Inclusion Fund to expand digital financial transactions...

The African Development Bank and its partners on Wednesday launched the Africa Digital Financial Inclusion Facility (ADFI), designed to aid safety and...

Futuremakers by Standard Chartered raising $50m to invest in 50,000 youth-led startups

Standard Chartered Bank has launched its new community investment approach called Futuremakers by Standard Chartered to help the next generation learn, earn...

AgriTech startups to receive £220K from GSMA Innovation Fund for Digitisation of Agricultural Value...

The GSMA Innovation Fund for Digitisation of Agricultural Value Chains aims to scale digital solutions for the agricultural last mile and improve...

Seedstars partners with First Growth Ventures to launch a $100mn sub-Saharan Africa venture fund

Seedstars has partnered with First Growth Ventures' founders Tamim El Zein and Maxime Bouan to launch a $100mn sub-Saharan Africa venture fund....

AfricInvest and Cathay Innovation join forces to launch a $169m Pan-African Venture Fund

AfricInvest, a PE firm in Africa with $1.5bn in assets under management, and Cathay Innovation, the global venture capital fund, have created...

Daystar Power enters Ghana after raising $10m for West Africa expansion

Daystar Power, a solar energy firm has opened its second branch in West Africa with an office in the Ghanaian capital of...

Mastercard takes a stake in Jumia to accelerate e-commerce growth in Africa

Mastercard has taken a stake in Jumia to grow e-commerce operations and support the digital transformation of the continent.

This virtual incubator has raised a new funding round to accelerate startups across Africa

This virtual incubator, which has invested more than $13 million into more than 24 graduated startups has announced that it has finished...

Beyond Capital Fund Makes Second Investment in Kenyan Agritech startup

Beyond Capital Fund, an impact investment fund that invests in for-profit social enterprises throughout India and East Africa has made its second investment into...

GreenTec Capital invests in Namibian high-tech CPU maker PEBL

There are only three computers for every one thousand Africans due in part to the low presence of major PC manufacturers on the continent...

This remittance firm has raised $20m Series C to simplify sending money to Ivory...

In a move to its users the freedom to send money whenever they want and how they want, this remittance firm, which has been...

This Cryptocurrency Wallet Has Raised More Than $0.5m in Seed Funding to Help Users...

This emerging markets focused cryptocurrency has raised seed funding to help bring cryptocurrency transactions to millions of users in Africa and in other emerging...

With $35,000 in seed funding, this new talent platform will connect Africans to jobs...

TalentsinAfrica.com has launched to connect Africans to new opportunities taking on Ringier One Africa Media's Jobberman and the rest with a $35,000 seed capital from...

Car classifieds marketplace raises six-digit round, goes enterprise & launches in 10 new African...

Africar Group has raised an undisclosed 6 digits US dollars amount in 2018, from international investors for expansion in Africa, and now has platforms in...

How Sky.Garden is enabling & disrupting eCommerce in Kenya

Sky.Garden is a SaaS mobile commerce platform built for retailers in Africa that allows retailers to sell inventory with ease on mobile. Sky.Garden aims...

Kings Biofuels receives $50,000 investment from KCIC

Kenya Climate Innovation Center pumped KES 5 million into Kenyan based ecofriendly briquette manufacturerKings Biofuels, as early-stage financing. The company being the second in...

Why native African investors are shying from backing local tech startups and why this...

In May of 2000, The Economist in no subtle terms labeled Africa 'The Hopeless Continent'. Making up its mind that the continent was gone...

Taxify raises $175m investment led by Daimler, joins the unicorn club

Taxify, a leading European ride-hailing company with operations in Kenya, Uganda and Nigeria, has completed an investment round of $175 million. Taxify says it will...

Kenya’s Biasharabot, Onesha & Tozzaplus raise funding from Pangea, a Norway-based accelerator

Pangea accelerator has invested in 3 Kenyan startups, from their cohort of over 40 startups (from Egypt, Kenya and Nigeria) and over 400 applications. The three...

Kenya’s Pawame crowdfunds $543k debt financing

Pawame, young Kenyan off-grid solar energy startup, has raised $543,000 in debt finance via Sweden-based crowdfunding company TRINE. This sum is in addition to...

Frontier Car Group raises $89m from Naspers to expand across Africa

The Frontier Car Group, which operates Cars45 in Nigeria has raised $89m from Naspers to expand its second-hand car auction in Africa, Latin America...

Naspers Ventures leads $50m Series C round for home care company Honor

Naspers Ventures has led a $50m Series C round for home care company Honor, a comprehensive home care company for older adults. The firm will use...

Cellulant to scale Agrikore, it’s mobile blockchain-based platform to more farmers

After raising $47.5m from the Rise Fund, a global impact investing fund managed by growth equity platform TPG Growth, Cellulant, says the investment will help scale...

Cellulant Raises $47.5 Million Series C From The Rise Fund to Expand its Digital...

Cellulant, a digital payments provider that reaches 40 million people across 11 African countries has sold a $47.5m stake to the Rise Fund, an...

Oikocredit invests € 1 million in Rwanda’s Inyenyeri to reach 150,000 households with ...

Social impact investor Oikocredit has made a € 1 million convertible loan to Inyenyeri, a fuel-utility company providing clean and environmentally-friendly cooking solutions in...

Nigeria’s TradeDepot Secures $3 Million Series A Led by Partech to Digitize FMCG Distribution...

TradeDepot, the innovative SaaS platform for FMCG distribution in Africa has raised $3 million in funding from Partech’s recently launched Africa Fund. The Series A...

Kenya’s Africa’s Talking Raises $8.6m Series A Investment From IFC Venture Capital to Expand...

Africa’s Talking, a Kenyan based communication-platform-as-a-service (“cPAAS”) API startup, has raised $8.6 million Series A equity investment from IFC, a member of the World Bank...

Kenya’s Mobius Motors raises a $5 million debt financing to set up a manufacturing...

Kenya's Mobius Motors has received a $5 million loan from The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution to manufacture...