30 results
- 24 Nov 2017
AfDB Approves $15m Equity Investment in Africa Capital Works Fund
The Board of Directors of the African Development Bank (AfDB) has approved a US$ 15m equity participation in Africa Capital Works Fund. The investment will finance Sub Saharan Africa’s mid-market…
- 1 Feb 2022
Moove Secures US$ 10 million Funding from NBK Capital Partners Mezzanine Fund
NBK Capital Partners Mezzanine Fund II (the “Fund”) announced today that it closed a US$ 10 million financing facility with Uber’s exclusive vehicle supply partner in Africa, the mobility fintech…
- 12 May 2017
IFC Invests in Africa Local Currency Bond Fund to Support Capital Markets
IFC, a member of the World Bank Group, has announced that it is investing $20 million in debt in the African Local Currency Bond Fund (ALCB Fund Ltd.) to help develop local currency capital markets…
- 5 Feb 2020
TLcom Closes TIDE Africa Fund at $71M
TLcom, the Africa-focused Venture Capital firm, has announces it has secured an additional $31M for its TIDE Africa Fund, bringing its Sub Saharan Africa (SSA)-focused fund to $71mn. The latest…
- 30 Jun 2026
Bank of Industry Appoints Kuramo Capital as Manager of Dice Fund of Funds
The Bank of Industry (BOI), the Implementing Agency for the Investment in Digital and Creative Enterprises (iDICE) Programme of the Federal Government of Nigeria, has announced the appointment of…
- 10 Jul 2024
Innovate Africa Launches with $2.5M Angel Fund for Early-Stage Africa-Focused Startups
Innovate Africa, an angel investment fund that supports early-stage founders in funding life-changing ideas, taking startups from conception to product and financing innovative ventures, has launched…
- 23 Dec 2025
AfDB Group Mobilises Global Private Capital to Close Africa’s Financing Gap
Building on the successful conclusion of the 17th replenishment of the African Development Fund (ADF-17), which mobilised $11 billion for Africa’s most vulnerable countries, the African Development…
- 16 Dec 2021
Google Announces First Investment in SafeBoda via its Africa Investment Fund
Google has announced the release of its first investment from the Africa Investment Fund which was launched by Sundar Pichai, CEO of Google and Alphabet, at Google for Africa in October. This first…
- 27 Jun 2022
TLcom Capital Appoints Eloho Omame as Partner
TLcom, the Africa-focused venture capital firm, has appointed Eloho Omame as a Partner, bolstering its capabilities as it ramps up deployment of TIDE Africa Fund II, its new $150mn pan-African tech…
- 30 Jul 2025
Google Announces $37m Funding in Africa
Google has outlined a wave of AI support across Africa, representing $37 million in cumulative funding — including previously committed but unannounced funding — to research, talent development, and…
- 14 Feb 2020
Africa's Female Fund Managers Receive Boost with Launch of a Multi-Million Dollar Fund
African leaders are putting women front and center of efforts to drive the continent’s economic growth through a game-changing fund that invests in women fund managers and also provides technical…
- 14 Jul 2016
AfDB, ASEA Join Forces to Deepen Africa’s Capital Markets
The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) have signed, a five-year Memorandum of Understanding (MoU) to amplify the impact of their strategically…
- 4 Feb 2026
New Study Reveals How Moniepoint Powers Nigeria's Downstream Oil Sector with Same-Day Settlements and Working Capital Boost
In a move to strengthen Nigeria's downstream oil and gas sector, Africa's all-in-one financial platform for businesses and their customers, Moniepoint Inc. says it is transforming how petrol stations…
- 31 Jan 2022
AFEX to Open Second Round of ₦100bn Funding Series to Strengthen Africa’s Agro-processors
AFEX, Nigeria's commodities market player and the country's first private sector commodities exchange, has announced the reopening of its $240m (₦100bn) Asset-Backed Commercial Paper (ABCP) to help…
- 14 May 2024
Maad Raises $3.2m Seed Funding to Transform Francophone Africa's Retail Market
Maad, Francophone Africa's fastest-growing tech & logistics platform for informal retailers, today announced the successful completion of its $3.2 million seed funding round (debt & equity).…
- 8 Dec 2024
Seedstars Africa Ventures I Announces $42m First Close
Seedstars Africa Ventures I, a venture capital fund making early-stage investments in highly scalable start-ups in Africa, has achieved a first close of $42 million, with participation from the…
- 3 Feb 2021
Restorium Capital Unveils Products to Bridge Funding Gap
Restorium Capital Limited has introduced three products and services expected to bridge funding gaps in the financial market, make businesses more competitive and ensure job creation in the country.…
- 16 May 2018
Huawei Launches $1.5B Fund to Help Build Africa's Smart City Ecosystem
Huawei has confirmed the introduction of a US$1.5 billion global financing program, with capital from IOT/ smart solutions focused funding company Smart City Solutions, to fuel the development of…
- 10 Apr 2026
PowerLabs to Scale Intelligent Energy Orchestration Across Africa with New Funding
PowerLabs aims to expand its platform into Nigeria's most energy-intensive sectors with the new funding. Providing hospitals and industrial hubs with the intelligent, automated control required to…
- 29 Mar 2023
DFS Lab Launches Fund to Back Fintech Teams Across Africa
Fintech incubator DFS Lab has launched the DFS Lab Stellar Africa Fund I to back high-potential innovators across Africa. The focus is to transform digital payments by building on a finan cial…
- 23 Feb 2017
Sage Foundation to Inspire Innovation in Africa with $1m Enterprise Fund
Sage, the market and technology leader for integrated accounting, payroll & HR, and payment systems, has today launched Sage Foundation’s Enterprise Fund. The new $1 million fund is open to…
- 2 Nov 2021
Elumelu@ GEN-U Sahel, Says TEF Funded 10, 898 Entrepreneurs across Africa
Tony Elumelu, founder and chairman of Tony Elumelu Foundation (TEF), has said that the foundation has funded 10, 898 entrepreneurs across Africa, who have gone on to create further 400, 000 direct…
- 7 Oct 2021
TLcom Announces 3rd Africa Tech Female Founder Summit
TLcom Capital, the Africa-focussed venture capital firm, has officially announced the launch of the 2021 Africa Tech Female Founder Summit, which will be held virtually on Wednesday 13th October…
- 22 Mar 2022
ThriveAgric Raises $56.4m Debt Funding, Accelerates pan-Africa Expansion Plans
ThriveAgric, a fast-growing technology-driven agricultural company, has raised $56.4M in debt funding from local commercial banks and institutional investors. The raise also included a co-investment…
- 26 Mar 2024
IFC Invests in New 4DX Ventures Fund to Support Tech Startups in Africa
IFC is investing $10.5 million in a new fund by 4DX Ventures, a New York-based venture capital firm focused on supporting early-stage African technology companies across a broad set of sectors,…
- 16 Nov 2016
New Co-Working Space, Tech Accelerator ‘V8 Africa’ Opens in Lekki
Doors opened on Wednesday at the new co-working space and technology accelerator, V8, in Lekki, Lagos. The hub is a community and collaboration platform providing professional support services to…
- 12 Oct 2022
TLcom 4th Africa Tech Female Founder Summit to Focus on Scaling Tech Businesses
TLcom Capital, the Africa-focussed venture capital firm, has officially announced the launch of its fourth annual Africa Tech Female Founder Summit, which will be held on Wednesday 9th November 2022…
- 28 Oct 2024
Moniepoint Secures US$110m Funding to Scale Digital Payments and Banking Solutions
Moniepoint Inc, africa’s fastest-growing financial institution has successfully raised US$110 million in equity financing, to power the dreams of millions of businesses and their customers across…
- 18 Jan 2024
UNDP Launches $1bn Innovation Fund for African Start-ups
To support business start-ups across Africa, the United Nations Development Programme (UNDP) has launched a $1 billion innovation fund to fund their initiatives. Named the “timbuktoo Africa…
- 6 Sept 2022
Google Selects 60 Startups for its Second Black Founders Fund Cohort
Google has announced that 60 eligible black-founded startups across Africa have been selected for the second cohort of Google for Startups Black Founders Fund (BFF) for Africa. The startups joining…