Dakar Mobility, a pioneering Senegalese firm co-owned by Meridiam and the Sovereign Strategic Investment Fund of Senegal (FONSIS), has achieved a remarkable milestone by securing €135 million in funding. This investment, the first of its kind in Sub-Saharan Africa, will be used to establish a 100% electric Bus Rapid Transit (BRT) system. The financing, contributed […] More
LeapFrog Investments, a distinguished firm known for merging profit with social purpose, has successfully secured a $500 million investment to advance its bold climate investment initiative in Africa and emerging Asia. This significant funding is provided by Temasek and has received backing from the European Investment Bank, with final approval pending from its decision-making bodies. […] More
The Cameroonian health tech startup Waspito recently raised an additional $2.5 million seed funding. This round was led by DP World through Newtown Partners, alongside contributions from Saviu Ventures, AAIC Investment, Axian Ventures, and CFAO’s Health54. This funding is aimed at accelerating Waspito’s expansion in Francophone countries. Waspito operates as a health-centric social network, offering […] More
SA innovation offers high-tech solution to energy crisis: smart geyser devices integrated into household solar systems could significantly decrease residential load on Eskom, with potential to reduce household electricity bills by 80% Based on the data provided by a successful 12-month case study, Sensor Networks smart geyser devices integrated into household solar systems can store […] More
TomorrowNow is on the brink of a breakthrough in climate adaptation for 20 million farmers across Africa, bolstered by an additional $5 million grant from the Bill & Melinda Gates Foundation. This new funding is set to enhance TomorrowNow’s leading program, Osiris, which aims to utilize the transformative power of advanced weather and climate data […] More
In the evolving landscape of global payments, a notable trend towards deglobalisation has taken center stage. This phenomenon, gaining momentum alongside the BRICS countries’ departure from SWIFT, is the transformative rise of Universal Payment Systems (UPS). This paradigm shift is fundamentally reshaping the fintech landscape. While geopolitical discussions have dominated the narrative, the subtle yet […] More
Morocco-based B2B e-commerce startup Chari, which offers embedded financing solutions for the FMCG sector, has secured funding from UM6P Ventures, the investment arm of Mohammed VI Polytechnic University. UM6P Ventures, the investment fund of Université Mohammed VI Polytechnique (UM6P), is dedicated to fostering scientific innovation and entrepreneurship in Morocco and across Africa. The fund oversees […] More
Kenyan startup, Aquarech, has secured $1.7 million in equity funding to empower small-scale fish farmers in Kenya with its innovative mobile app platform. The company operates from Kisumu, founded in 2019 by CEO Dave Okech alongside co-founders James Odede and Joseph Okoth. Aquarech’s primary goal is to streamline fish farming by utilizing its mobile app, […] More
Vula, a fundraising assistant, revolutionizes the fundraising journey for entrepreneurs. By simply inputting their website URL, users leverage the power of AI to generate tailored funding applications. Founded in 2022 by Nicholas Rawhani and Alex Goff, Vula aims to ease the fundraising challenges faced by African startups and SMEs. In this installment of Ask An […] More
StarNews Mobile, a leading mobile video network in Africa headquartered in Ivory Coast, recently secured $3 million in a funding round. Janngo Capital spearheaded this round, notably including investments from three French professional footballers. The athletes involved are Aurelien Tchouameni, Jules Kounde, and Mike Maignan from Excellence Sports Nation, who are associated with top clubs […] More
South African startup JOBJACK, specializing in entry-level recruitment, has secured ZAR45 million (approximately US$2.5 million) in a pre-Series A funding round. The round was led by NEXT176, with participation from the Michael & Susan Dell Foundation. Founded in 2018 by Christiaan van den Berg and Heine Bellingan, JOBJACK is a free online platform to assist […] More
South African insurantech Pineapple recently completed a Series B funding round, securing ZAR400 million (approximately US$21.3 million). New investors led this round, including Futuregrowth, Talent10, and MIC. The company also received continued financial backing from its existing investors, such as Old Mutual ESD, Lireas Holdings, ASISA ESD Fund, and E4E Africa. Founded in 2017, Pineapple […] More
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