Funding
Oikocredit invests € 1 million in Rwanda’s Inyenyeri to reach 150,000 households with clean energy
Social impact investor Oikocredit has made a € 1 million convertible loan to Inyenyeri, a fuel-utility company providing clean and...
Nigeria’s TradeDepot Secures $3 Million Series A Led by Partech to Digitize FMCG Distribution to Informal Retailers in Africa
TradeDepot, the innovative SaaS platform for FMCG distribution in Africa has raised $3 million in funding from Partech’s recently launched...
Kenya’s Africa’s Talking Raises $8.6m Series A Investment From IFC Venture Capital to Expand Across Africa
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...
Kenya’s Mobius Motors raises a $5 million debt financing to set up a manufacturing facility in Nairobi
Kenya's Mobius Motors has received a $5 million loan from The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development...
Cape Town-based SkillUp Tutors raises undisclosed Series A round from Knife Capital to scale the business internationally
Cape Town-based SkillUp Tutors, an online tutor marketplace has received a Series A funding round from Cape Town-based Knife Capital to accelerate...
Kenya’s m-survey raises $3.5 million from TLCom Capital to launch in South Africa
mSurvey, a startup that helps firms to gather customer feedback via the mobile phone has raised $3.5 million from TLCom...
Asoko Insight Secures $3.6 Million in Series A Funding Round for Pan-African Expansion
Asoko Insight, a London-headquartered provider of corporate intelligence with research bases in Accra, Lagos, Nairobi, Addis Ababa and Abidjan has...
Nigeria’s Terragon raises $5m funding from TLcom Capital to bolster its marketing tech
Terragon, a Nigerian mobile marketing firm has raised a $5 million funding from TLcom Capital to build its mobile ad technology...
Branch raises $70 million in series B from IFC, Andreessen Horowitz & CreditEase to launch savings & payments segments
Branch has raised $70 million in series B led by CreditEase, a Beijing-based leading FinTech conglomerate recently joined a group of prestigious...
Doubts about the ‘Africa Rising’ narrative as expatriate-founders take over Kenya’s startup ecosystem
African tech startups raised $560 million in VC funding in 2017, a 53% YoY Growth according to a report by Partech...
Africell raises $116.5m to fund its 4G roll-out & expand across sub-Saharan Africa
Africell Holdings has signed a new $116.5m syndicated loan for the expansion of its mobile network operations across sub-Saharan Africa....
Kenya’s Pawame raises over $2 million to expand its operations in Africa
Pawame, Kenya and UAE based off-grid solar start-up has raised $2 million from Gulf-based investors to electrify 150 million households...
African tech startups raised $560 million in VC funding in 2017
African tech startups raised $560 million in VC funding in 2017, a 53% YoY Growth as African entrepreneurs leverage tech...
Innovation hubs in Africa are overrated
There are over 300 tech hubs in Africa, with 50% of them concentrated in South Africa, Kenya, Nigeria, Egypt and Morocco....
Entrepreneurs! Hurry, TEEP 2018 applications are closing in a few days
Hey there, are you an entrepreneur and need equity fee funding for your business or idea? Then you need to...
Sierra Leone’s Easy Solar raises undisclosed funding from Acumen Fund & Gaia Impact Fund
Sierra Leone's Azimuth trading as Easy Solar, a pay-as-you-go solar distribution company has raised funding from Acumen’s Pioneer Energy Investment Initiative, an effort...
Nigeria’s digital blood bank, Lifebank raised $200k from EchoVC, CcHub, others
Some days back, LifeBank, which is like the foremost Nigeria’s digital blood bank, raised $200 000 for expansion nationwide. The...
Nigerian northeastern start-ups to access $5000 funds from the “Startup Mambila” project
The "startup mambila" project is an incubation program which was specifically designed for start-ups in the northeastern part of Nigeria....
Kenya’s eCommerce Firm Sky.Garden raises $1.2 million to launch its next generation merchant platform
Kenyan based eCommerce company, Sky.Garden,which is works as a ''Shopify for Africa'', has raised a $1.2 million to launch its next...
Goodwell Investments raises 20m Euro from over 30 investors for investments in inclusive economy in Africa
Goodwell Investments, which has invested in Paga, Nomanini among others, has raised 20 million Euro from over 30 investors for...
Proparco invests $ 5 million into TLcom Tide Africa Fund to support the growth of young African startups
French development finance institution Proparco has just taken a $ 5 million stake in TLCOM TIDE AFRICA FUND to finance young...
IFC Becomes Anchor Investor in Partech Africa Fund
IFC, a member of the World Bank Group, has helped Partech Ventures launch a €100 million fund focused to largest...
Off-Grid Energy Firms in Africa to Receive $55M Investment from AfDB, Nordic Development Fund Among Others
Over 600 million people are estimated to lack access to modern energy in Sub-Saharan Africa. However, this is set to...
Farmers sponsor platform Farmcrowdy raises $1 million in seed funding to expand to 20 states in Nigeria
Nigeria's Farmcrowdy, an online platform allowing Nigerians to venture in and sponsor agriculture has closed $1 million in seed funding to...
WorldRemit raises $40m to make sending money within Africa faster
Digital money transfer service WorldRemit has raised $40m to serve 10 million customers connected to emerging markets. With the funds,...
Sun King Parent Firm Greenlight Planet Raises $60M to Finance its Off-Grid Solar Business in Africa
Sun King solar brand's parent firm Greenlight Planet has raised $60m in equity and debt led by London-based private equity...
Mobisol secures $25m for growth in Africa after Investec’s latest follow-on investment
Mobisol, one of Africa’s leading providers of off-grid solar home systems, has secured a total of $25m in the last...
mPharma raises $6.6 million to provide inventory financing to pharmacies across Africa
mPharma, a venture-backed startup with a simple mission to make prescription drugs in emerging markets easily accessible, and easily affordable...
MENA events platform Eventtus raises $2m led by Algebra Ventures and 500 Startups
Eventtus, a MENA events platform recently raised $2m led by Algebra Ventures and 500 Startups to allow Eventtus to accelerate...
DIFC launches a $100m FinTech-focused fund to accelerate fintech startups in the MENA region
Dubai International Financial Centre (DIFC), a financial hub in the Middle East, Africa and South Asia (MEASA) region has launched...