InfraCo Africa Invests US$ 12 Million in SunCulture's Series B Round
Kenyan Climate-tech startup, SunCulture, has raised US$ 12 million after InfraCo Africa allocated an equity investment that would enable the expansion of Internet-of-Things solar-powered irrigation to small-scale farmers across Africa. [...]
Female Startup Founders Scoop US$ 400,000 Grants at FINCA Ventures Awards
Finca Ventures has scaled up its investment commitment in Africa after awarding grants to several startups that competed in its inaugural competition held on Mar 28 2024. We made the [...]Huawei Cloud Pledges US$ 10 Million to Support Nigerian Startups
Huawei Cloud has launched a two-year initiative that will see the company allocate US$ 10 million for middle and early-stage startups in Nigeria, hoping to create its ecosystem of innovators. [...]DFC Approves a $500,000 Technical Assistance Grant to Pezesha
Kenyan digital lending platform, Pezesha, will improve its credit scoring technology after the sub-board of the Development and Finance Corporation approved a $500,000 technical assistance grant in the second quarter [...]Roam Partners with Mogo to Scale up Marketability of Electric Motorcycles
Mogo, a Kenyan asset finance company, has partnered with EV-developer startup Roam to boost the adoption of electric motorbikes in the country. We are thrilled to partner with Mogo to [...]Young Innovators Pitch Clean Energy Solutions at Renewable Energy Challenge
Twenty-four young innovators, aged between 20-25 years, pitched their sustainability ideas and projects at the Renewable Energy Innovation Challenge Demo Day at the University of Nairobi on 28 March. Both [...]State of VC Funding in Africa 2023; Fintechs Get Lion's Share
The United States contributed the greatest share of VC Funding for startups in Africa last year, according to a VC report released this month. Macroeconomic challenges in the global market [...]Acasia Ventures Leads 6-Figure Funding Round for Egypt’s Pharmacy Marts
Pharmacy Marts, an Egyptian retail startup for pharmaceutical products, has attained $2 million in total funding raised since its establishment after Acasia Ventures invested an undisclosed sum of money. The [...]Kenyan Commerce Startup Tappi Enters the Ivory Coast MSME Scene
Digital commerce startup, Tappi, has partnered with MTN as part of its strategy to make inroads into the Ivory Coast market. With Côte d'Ivoire boasting a robust GDP growth rate [...]Autopax and Kofa Sign Deal to Expand Electric Mobility
Kenyan carmaker Autopax, and Ghanaian battery company Kofa have signed a deal to set up an electric motorcycle assembly and distribution plant. This partnership not only represents a significant leap [...]Startups to Capitalize on Incentives at TRIFIC SEZ Innovation Hub
Service sector businesses operating within the TRIFIC Special Economic Zone will reap the benefits of tax incentives, world-class facilities, and the SEZ's One-Stop-Shop business services centre to optimize their competitiveness [...]High-Performance Shoemaker Enda Athletic Acquired by NVH Studios
Enda, Kenya’s first high-performance shoemaker, has been acquired NVH Studios, a global fashion and lifestyle holding company, for an undisclosed amount. The acquisition opens doors to exciting possibilities, the company [...]
