Sawari Ventures, an Egypt-based venture capital firm, will launch its second fund, “Sawari Ventures II,” in early 2025. The firm aims to raise $200 million… Read More »Sawari Ventures to Launch $200 Million Fund in Early 2025
IHS Towers, Africa’s largest telecom tower company, has secured a $439 million loan to strengthen its operations. The loan will help manage currency risks and… Read More »IHS Towers Secures $439 Million Loan to Refinance Debt and Manage Currency Risks
Invest Africa and British International Investment (BII) will host a forum focused on promoting inclusive development in South Africa. The event, titled “Impactful Investing for… Read More »Invest Africa to Host Forum on Impactful Investing for Inclusive Growth in South Africa
Endeavor South Africa has secured R190 million in the first close of its R500 million Harvest Fund III. This exceeds its initial target of R150… Read More »Endeavor South Africa Raises R190 Million in First Close of Harvest Fund III
Citi and Mastercard have announced a new collaboration aimed at simplifying cross-border payments. Using Citi’s WorldLink Payment Services and Mastercard Move, Citi clients can now… Read More »Citi and Mastercard Join Forces for Faster Cross-Border Payments
IFC, a member of the World Bank Group, and South Africa’s Absa Group Limited have announced a $50 million commodity trade finance facility for Valency… Read More »IFC and Absa Partner to Provide $50 Million Finance Facility for African Farmers
ARISE IIP, a pan-African developer and operator of industrial parks, has secured $443 million in new capital. The investment will fuel its expansion and operational… Read More »ARISE IIP Raises $443 Million to Boost Africa’s Industrial Growth
The African Development Bank (AfDB) has approved €9.51 million to support the digitization of the Comorian economy. The project, with a total cost of €22.53… Read More »AfDB Approves €9.51 Million for Comoros Digital Economy Project
Nigerian agritech company, Winich Farms, has secured $3 million in pre-Series A funding. The company will use the funds to expand its order fulfillment centers… Read More »Winich Farms Raises $3 Million in Pre-Series A Funding to Expand and Improve Tech
The African Development Bank, AfDB has approved a $3 million project to support micro, small, and medium enterprises (MSMEs) in Equatorial Guinea. The grant aims… Read More »African Development Bank Grants $3 Million to Boost MSMEs in Equatorial Guinea