News
-
955i3 Selects 7 African Startups Transforming Pharmacy Care to Receive Up to $225K & Impact Support from the Gates Foundation, MSD & More
Investing in Innovation Africa (i3), a pan-African initiative to support African healthtech startups to commercialise and scale their offerings, has announced its 3rd...
-
688Onafriq Partners with Circle to Power Remittances and Cross-Border Payments with USDC
Onafriq, Africa’s largest payments gateway, and Circle, stablecoin market leader and issuer of USDC, today announced their strategic partnership aimed at transforming cross-border...
-
1.0KIFC, TLG Capital Announce $75m First Close of African Private Credit Fund to Support SMEs
To support small and medium sized enterprises in Africa—and to protect jobs at those businesses—IFC and TLG Capital announced the first close...
-
1.0KKofa Closes $8.1 Million Pre-Series A Round to Expand Energy Access in Urban Africa
Kofa, leading technology-driven energy company and end-to-end ecosystem enabler, has closed an $8.1 million pre-Series A funding round. The investment, comprising $3.25...
-
712Flutterwave’s Send App Now Live in Ghana to Enable Fast and Secure International Money Transfers
Flutterwave, Africa’s leading payments technology company, announced the official launch of Send App in Ghana. This milestone marks a significant step towards...
-
742The Government of Ghana Taps Zipline to Maintain Supply Chain Resilience Amid USAID Disruption
In the wake of ongoing disruptions to USAID’s supply chain, the Government of Ghana has partnered with Zipline, the world’s largest autonomous logistics...
-
613Development Partners International Launches DPI Venture Capital
Development Partners International LLP (“DPI”) has announced the launch of DPI Venture Capital which will target investments in early-stage, growth-orientated technology businesses...
-
853PayPal and TerraPay Partner to Expand Access to Cross-Border Payments across Middle East and Africa
PayPal, a global digital payments and commerce platform, today announced a strategic partnership with TerraPay, a leading global money movement company, to...
-
504InfraCredit Secures Strategic Investment from Mobilist as it Transitions to a Public Company
InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, has announced the successful equity investment by the UK Government-backed MOBILIST programme, alongside other...
-
777Absa Collaborates with UnionPay International to Expand Contactless Payments in South Africa
Absa, in partnership with UnionPay International (UPI), is launching contactless payments to UnionPay cardholders across South Africa, thereby strengthening its commitment to offering...
-
711Africa Tech Summit Returns to the London Stock Exchange to Drive Investment and Collaboration Amid Funding Shifts
The 9th Africa Tech Summit London will convene at the London Stock Exchange on 6 June 2025, reinforcing the critical role of London as a gateway for...
-
1.1KPurple Elephant Ventures Secures $500K Investment from Alphatron, Bringing its Seed Round Total to $5M
Purple Elephant Ventures (PEV), a venture studio dedicated to African tourism innovation, has secured an additional $500,000 investment from Alphatron, bringing its...
-
660Mobile Money Surpasses Two Billion Registered Accounts and Over Half a Billion Monthly Active Users Globally
Mobile money reached two significant milestones in 2024, surpassing two billion registered accounts and over half a billion active monthly users across...
-
559Verdant Capital Hybrid Fund Completes an Additional Investment of USD 4.5 Million in LOLC Africa
Verdant Capital is pleased to announce that its Verdant Capital Hybrid Fund (the “Fund”) has completed an additional investment of USD 4.5...
-
702Peach Payments Acquires West-African Payments Gateway PayDunya
Digital payments gateway Peach Payments has agreed to acquire West-African payment platform PayDunya. In the process, it enters mainland Francophone Africa for the...
-
587Mastercard and Nomba Collaborate to Advance Seamless Payments in Nigeria
Mastercard has announced a strategic collaboration with Nomba, a leading payment solutions provider, to deliver seamless payment experiences for businesses across the country....
-
1.0KDjamo Raises $17M of Equity to Double Down on Digital-First Banking Services for Users Across Francophone Africa
Djamo, a financial services app revolutionizing mobile banking in francophone Africa has secured $17 million in an equity funding round to continue...
-
593Raxio Secures $100M From IFC to Develop Sub-Saharan African Data Center Platform
Raxio Group, a leading Sub-Saharan African data center platform, has signed an agreement for $100 million in financing from the International Finance...
-
727Proparco Partners with CRDB Bank to Boost MSME Growth in Tanzania with €48 Million in New Guarantees
Proparco renewed its strategic partnership with CRDB Bank Plc, Tanzania’s largest financial institution, by granting two new guarantees worth €24 million each,...
-
567InfiniLink Secures $10M Funding from MediaTek, Sukna Ventures, and Egypt Ventures
InfiniLink, an innovative semiconductor startup specializing in advanced optical data connectivity chips for AI-driven data centers, announced the successful closure of a $10M funding...
-
883Cassava Technologies collaborates with Microsoft to launch community engagement initiative creating youth employment opportunities in South Africa’s renewable energy industry
Pan-African technology company Cassava Technologies (www.CassavaTechnologies.com), in a strategic collaboration with Microsoft, has launched a community engagement initiative focused on South Africa....
-
609Alitheia Capital and Goodwell Investments Announce Successful Exit from uMunthu Fund’s Baobab Nigeria Investment
Alitheia Capital and Goodwell Investments are excited to announce the first exit of their joint uMunthu Fund: Baobab Nigeria, a financial institution creating meaningful impact in...
