- Social impact investor Oikocredit and global foundation Aqua for All will support Sidian Bank in Kenya and EBO Financial Services in Uganda in increasing lending for water and sanitation services for underserved people. Responding to Kenya’s and Uganda’s rural and peri-urban populations’ lack of…
- Africa Healthcare Network (AHN), a leading provider of dialysis services in Africa, has secured $20 million in equity and debt funding, from Africa50 and AfricInvest, two leading African institutions, and Tokyo-based Ohara Pharmaceutical Co., Ltd. The funding will enable AHN to accelerate its…
- Kenyan fish farming startup Aquarech has raised US$1.7 million in equity funding to help it improve outcomes for small-scale fish farmers in Kenya through its mobile app platform. Founded in 2019 and led by Kisumu-based founder and CEO Dave Okech, alongside co-founders James Odede and Joseph Okoth…
- Cameroonian health startup Waspito has secured a $2.5 million seed extension from DP World through Newtown Partners, Saviu Ventures, AAIC Investment, Axian Ventures and CFAO’s Health54 to spur its growth in the Francophone region. Waspito is a health-focused social network that allows users (…
- Tech-enabled cloud kitchen, Fork N Knife, has successfully closed its seed funding round with $800,000, paving the way for the company to continue its journey of advancing the food tech sector based on its accumulated expertise and capabilities. A diverse group of individual angel investors and…
- The ECOWAS Bank for Investment and Development (EBID) has signed an agreement with WEMA Bank Plc, Nigeria providing a USD50 Million line of credit to support Small and Medium Enterprises (SMEs) in the agro-business sector in the Federal Republic of Nigeria. The signing ceremony took place at the…
- Nigerian trade finance startup FrontEdge, which helps facilitate cross-border trades for African SMEs, has raised US$10 million in debt and equity funding to scale operations across Nigeria, Kenya and other African countries. Founded in 2021 by Moni Alli, Front Edge specialises in providing…
- Kenya’s Ed Partners Africa, a non-banking financial institution that specialises in providing loans to affordable private schools, has announced the commitment of a US$10 million loan guarantee facility from the United States’ Development Finance Corporation (DFC) to help it expand access to…
- The Africa Fertilizer Financing Mechanism will provide a $2 million partial trade credit guarantee and a $219,000 grant funding to Nairobi-based Apollo Agriculture Limited to support the distribution of over 7,000 tonnes of fertilizers to some 100,000 smallholder farmers in Kenya. Between 2024 and…
- Chapel Hill Denham’s Nigeria Infrastructure Debt Fund has agreed to provide long-term financing to Tizeti Network Limited, West Africa’s pioneer solar-based internet service provider. The senior debt facility will be used to finance the rollout of Tizeti’s state-of-the art broadband network across…
- WayUp Sports, the first ecommerce platform specialised in performance based sports gear in Egypt, has secured seed round led by Beltone Venture Capital, Index Sports Fund, and other strategic angel investors. This investment will focus on scaling Wayup Sports through three main pillars: regional…
- While Nigeria stands out as a prominent tech investment hub in Africa, the majority of investments are directed towards startups located in Lagos and other states in the southwestern region. According to the 2023 Northern Nigeria Tech Ecosystem report, out of 188 surveyed startups, a mere 6% have…
- InDrive, the “bid-based” ride-hail platform popular in Latin America and Asia, has launched a new venture and merger and acquisition division named New Ventures to invest up to $100 million in startups within emerging markets over the next few years. The new venture arm comes four months after…
- The Dubai Integrated Economic Zones Authority (DIEZ) has announced the launch of a venture capital (VC) fund worth US$136 million to invest in tech startups. Other than funding startups, the fund will also support the economic objectives outlined in the Dubai Economic Agenda, D33 by promoting the…
- Nigerian startup Pricepally, a fresh and packaged food e-commerce platform, has raised US$1.3 million in seed funding to help it scale. Launched in 2019 by Luther Lawoyin, Jumai Abalaka, Deepak Bansal and Monsunmola Adefemi, Pricepally sources farm-fresh produce and distributes it via its e-…
- Africa’s Global Bank, United Bank for Africa (UBA) Plc, has received a trade finance facility worth $150m from the African Export-Import Bank The facility forms part of Afreximbank’s Ukraine Crisis Adjustment Trade Financing Programme for Africa (AKAFPA), and the signing ceremony for the trade…
- UM6P Ventures, the investment fund of Mohammed VI Polytechnic University, announced its decision to invest in the e-commerce startup Chari to boost financial and digital inclusion in Africa. A statement from the partners said that UM6P Ventures and Chari entered into a partnership with the ambition…
- WayUp Sports, the first ecommerce platform specialised in performance based sports gear in Egypt, has secured seed round led by Beltone Venture Capital, Index Sports Fund, and other strategic angel investors. This investment will focus on scaling Wayup Sports through three main pillars: regional…
- Paratus Group has secured funding of US$31-million to help realise its ambitious infrastructure expansion plans, the pan-African telco says the capital injection will significantly boost connectivity across key and currently underserved regions and contribute to the Group’s goal of doubling revenue…
- The African Export-Import Bank (Afreximbank) has entered into a framework agreement for the Export Agriculture for Food Security (ExAFS) Initiative with ARISE Integrated Industrial Platforms (ARISE IIP) and the governments of Chad, Malawi, Zimbabwe and Egypt. The initiative seeks to initiative to…
- South African insurtech startup Pineapple has raised ZAR400 million (US$21.3 million) in Series B funding to boost its growth. Founded in 2017, Pineapple allows the company to service customers at 20 per cent of the cost of traditional insurance providers. This enables them to pass on this cost…
- ARC Power is a leading provider of sustainable and clean energy solutions. The strategic funding by Triodos Investment Management (Triodos IM) and Oikocredit will enable ARC Power to accelerate its mission of providing grid-connected clean energy access to over 100,000 people across Rwanda, in the…
- Shekel Mobility, a B2B marketplace for auto dealers in Africa, raises $7M led by Ventures Platform and MaC VC to reinforce his activities. In January, the startup announced that it raised a $1.95 million pre-seed to pursue its ambition of building the largest Auto dealership ecosystem powering $10…
- Mediterrania Capital Partners, a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North Africa and Sub-Saharan countries to announce that British International Investment (BII), UK’s development finance institution and impact investor, will be investing €15…
- Last week, the CEO of GetFundedAfrica, Debo Omololu , had the honor of participating in the Uzemiafrica Leadership Summit for Women in Tech—an impactful event held in the heart of Ikorodu, Lagos, aimed at fostering empowerment and inclusivity within the tech industry. The summit, strategically…
- Founding members of a new private-sector focused Alliance for Special Agro-Industrial Processing Zones (SAPZ) have announced $3 billion in new investment to transform Africa’s underdeveloped rural areas into agro-industrial corridors of prosperity. The Alliance, comprising development financial…
- The OPEC Fund for International Development (the OPEC Fund) is supporting sustainable water supply in Rwanda with a new US$21 million loan. The expansion of the Karenge Water Supply System Project will benefit the population of Rwanda’s capital Kigali and surrounding areas in the Rwamagana District…
- Stepping up their support for African partner countries ahead of the crucial COP28 climate change conference, the Arab Coordination Group (ACG) has announced that it aims to allocate up to US$50 billion to help build resilient infrastructure and inclusive societies in the African continent. The…
- Sterling Bank says it is committing N1bn to agro-innovators at the upcoming 5th edition of its annual event, Agric Summit Africa, known for its contributions to the agriculture sector. A statement said, this year’s event, themed, ‘Empowering innovations: A confluence of capital, vision, and…
- Sterling Bank has announced that it would be partnering with the Small & Medium Enterprises Development Agency of Nigeria to create an all-encompassing database of Small and Medium Scale Enterprises in Nigeria. The bank stated that the initiative would enhance intervention programmes and…
- Africa should think big on digital development. At the current, incremental pace of economic and social advancement, too many of Africa’s expanding youth population will be denied the opportunity to live up to their potential. Digital technologies offer a chance to disrupt this trajectory –…
- It was an honor for GetFundedAfrica to have the opportunity to contribute insights during the visit of Ramin Toloui, the Assistant Secretary of State for the Bureau of Economic and Business Affairs at the U.S. Department of State, to South Africa and Nigeria. As a platform dedicated to fostering…
- Private equity firm RMB Corvest, in partnership with BEE investment vehicle Shalamuka Capital, has acquired a minority stake in Switch Telecom, a Voice over Internet Protocol (“VoIP”) telecommunications service provider. Switch Telecom designs, develops, customises and maintains cost-effective…
- In a successful move to bolster its operations, CloudFret, a transport and logistics startup, recently concluded a new funding round, securing €2 million ($2.1 million) from investors AfriMobility and Azur Innovation Fund. The startup, operational in Morocco since 2021 and extending its presence to…
- Egyptian Edtech startup AKHDAR has secured six-figure US dollar funding from Saudi Arabia-based venture studio ‘’Value Maker Studio (VMS)’’ to expand its presence in the Kingdom. AKHDAR, a leading edtech startup, offers a unique service in the form of Arabic audiobook summaries. What began as a…
- ACI Worldwide, a global player in mission-critical, real-time payments software, and Interswitch Group, Africa’s integrated payments and digital commerce company, have announced a new frontier in their 20-year-old relationship which consolidates Interswitch’s relationship with ACI from reseller to…
- IBM has announced that it is launching a $500 million venture fund to invest in a range of AI companies – from early-stage to hyper-growth startups – focused on accelerating generative AI technology and research for the enterprise. With a differentiated model and strategy consisting of domain…
- Cameroonian fintech startup Koree has won US$50,000 in cash after winning top prize at the annual Ecobank Fintech Challenge. Run each year by pan-African bank Ecobank Group, the Ecobank Fintech Challenge looks to support innovative startups with cash prizes and further developmental support. This…
- Carnegie Mellon University Trustee Ray Lane and his wife, Stephanie, have invested $25 million in support of the university’s boundary-breaking Computational Biology Department. The gift will establish an endowment to support the program’s strategic priorities and provide the funding for its future…
- FSD Africa Investments (FSDAi) has invested $3 million in Carbon Value Exchange (Cavex), a digital market and payments platform set to revolutionise the voluntary carbon market by allowing small producers of carbon credits such as farmers and small businesses to sell direct to corporate buyers. The…
- West African super app Gozem has acquired Benin-based fintech company Moneex to expand its financial services capabilities across its various markets. Launched in Togo in November 2018 as a taxi-hailing service, Gozem operates in 13 cities across Togo, Benin, Gabon and Cameroon, with more than one…
- The Africa Online Safety Fund (AOSF) has announced the winners of this year’s grants, with between US$10,000 and US$50,000 given to 22 organisations from seven African countries. Earlier this year South African social impact advisory firm Impact Amplifier had secured a second round of funding from…
- Sehatech, a leading healthtech startup based in Egypt, announced that it has secured $850,000 in funding from A15 and Beltone Venture Capital, a subsidiary of Beltone Holding Company, to drive the company’s mission of leveraging proprietary technology to digitize and automate the relationship…
- ariika, a leading direct-to-consumer, digital-led home and décor brand, announces the successful conclusion of its Series A equity funding round, secured from Beltone Venture Capital, a subsidiary of Beltone Financial Holding, through acquiring a 20% stake in the company. This strategic investment…
- The University of Ibadan, often referred to as UI, holds a special place in Nigeria’s educational heritage. Established in 1948, it became the very first university in the country, marking a significant milestone in the nation’s journey toward academic excellence. The institution was founded as a…
- In a world driven by technology and innovation, the importance of fostering a love for Science, Technology, Engineering, and Mathematics (STEM) among the younger generation cannot be overstated. GetFundedAfrica, a company known for its dedication to supporting startups and entrepreneurs, recently…
- The Kigali-based Norrsken22 has closed its first African technology growth fund at US$205 million, surpassing its target of US$200 million. Founded by Niklas Adalberth, one of the founders of Swedish fintech unicorn Klarna, in 2016, Norrsken aims to help entrepreneurs solve the world’s greatest…
- South African recruitment startup JOBJACK has raised ZAR45 million (US$2.5 million) in pre-Series A funding to help it change the narrative of entry-level recruitment in the country. Founded in 2018 by Christiaan van den Berg and Heine Bellingan, JOBJACK is a web-based platform that is free to use…
- The Ivory Coast-based StarNews Mobile, Africa’s leading mobile video network, has secured US$3 million in funding from investors that include three French professional footballers. Launched in July 2017, StarNews Mobile targets the mass market with a network of over 50 mobile channels offering…
- Awfar.com, a leading provider of customer engagement and e-commerce solutions, is thrilled to announce its groundbreaking partnership with Value Maker Studio (VMS), an innovative venture studio dedicated to nurturing startup success. Awfar.com’s cutting-edge platform specialises in omnichannel…
