African payment startup enza has raised $6.75 million in a seed equity round. Algebra Ventures and Quona Capital co-led the investment. This is enza’s first… Read More »enza Secures $6.75M to Boost Digital Payments in Africa
The International Finance Corporation (IFC) has invested up to $50 million in Lagos Free Zone Company. This investment will expand Nigeria’s first deep-sea port-based economic… Read More »IFC Invests $50 Million in Lagos Free Zone to Boost Nigeria’s Economy
IFC loans $15 million to expand environmentally friendly factory and create 3,700 jobs, focusing on women. The International Finance Corporation (IFC) is partnering with Royal… Read More »IFC Partners with Kenya’s Royal Apparel to Boost Jobs and Manufacturing
Visa has made a strategic investment in Moniepoint, a Nigerian fintech company. This comes just three months after Moniepoint’s $110 million Series C funding round.… Read More »Visa Invests in Nigerian Fintech Moniepoint
Konecta Group has announced the opening of its regional headquarters in New Cairo, Egypt. The Spanish company, known for digital and AI-driven customer experience solutions,… Read More »Konecta Invests $100 Million to Launch Regional HQ in Egypt
Cameroon’s state-owned telecom company, Camtel, has approved a record-breaking budget of CFA 326.2 billion for 2025. This ambitious plan focuses on upgrading network infrastructure and… Read More »Camtel Approves CFA 326.2 Billion Budget for 2025 to Boost Network and Services
WASHINGTON, D.C. – The U.S. International Development Finance Corporation (DFC), Finnish Fund for Industrial Cooperation Ltd (Finnfund), and Google LLC today announced an initial equity… Read More »Cassava Technologies Receives $90 Million Equity Investment for Expanding Digital Infrastructure Across Africa
The African Development Bank, AfDB and Bank of Africa SA have signed a €50 million risk-sharing agreement. The deal aims to boost private-sector financing and… Read More »AfDB and Bank of Africa SA Sign €50 Million Deal to Support African SMEs
Kenya now has a dedicated startup ecosystem platform to help entrepreneurs grow. The Kenya Startup Ecosystem Platform provides real-time insights. It connects startups with investors,… Read More »Kenya’s Startup Ecosystem Platform Launched to Empower Local Entrepreneurs
Sanlam Investments East Africa and Vodacom Tanzania Plc have launched M-Wekeza, a new platform to simplify investments in Tanzania. This initiative aims to make investing… Read More »Sanlam and Vodacom Launch M-Wekeza to Revolutionize Tanzania’s Investment Landscape