13 results
- 19 Jul 2022
AfricInvest, Cathay Innovation Complete Final Close of €110M Pan-African Venture Fund
AfricInvest, a multi-asset investment platform in Africa and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African Venture fund, Cathay AfricInvest…
- 27 Nov 2018
iSON Xperiences Secures $51 Million Investment from Gulf Capital, AfricInvest
Gulf Capital, one of the largest and most active alternative asset management firms in the Middle East, and AfricInvest, a leading pan-African mid-cap-focused private equity firm, have partnered for…
- 27 Jan 2023
AfricInvest Invests in Nigerian Retail Store
A pan-African asset management company, AfricInvest, has taken a minority stake in a Nigerian retail store, Justrite. This was contained in a statement dated January 25, 2022. Through its partnership…
- 13 Oct 2021
AfricInvest Acquires Minority Stake in Royal Exchange
AfricInvest, a pan-African asset management company has bought minority share of the Royal Exchange General Insurance Company (“REGIC”). The company, said the investment was made through its…
- 15 Sept 2022
Insurtech Firm Secures $10M Series A Round Fundraise
Turaco, the leading insurtech driving mass market insurance adoption, has announced the close of a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest Innovation Fund,…
- 16 Sept 2021
54gene Closes $25M Series B to Advance Global Drug Discovery Capabilities
54gene, the health technology company advancing African genomics research for improved global health outcomes, has secured $25M in a Series B round, led by Cathay AfricInvest Innovation Fund. The…
- 10 Nov 2021
MFS Raises US$100m to Expand Fintech Platform
Cross-border payments remain crucial for Fintech across Africa and part of the reason why AfricInvest FIVE has fronted a US$100-million investment in digital payments network MFS Africa. Julius…
- 14 Mar 2022
Mobility Fintech Raises $105m in Series A2 Round
Moove, the world’s first mobility fintech, which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105 million in an oversubscribed Series A2 round* consisting of…
- 19 Apr 2022
AfDB Earmarks €9.8m Equity Investment to Drive Tech
The Board of Directors of the African Development Bank (AfDB) has approved an equity investment of €9.8-million to support venture capital investments in African start-ups, from seed to growth…
- 8 Oct 2021
French Govt Commits €130m to 500 Tech Startups Across Africa
Yesterday at the New Africa-France Summit, President Emmanuel Macron announced a renewed financial commitment of €130m for the next three years and defined Digital Africa’s new ambitions to support…
- 16 Jun 2023
Norfund Strengthens Footprint in Nigeria to Drive Sustainable Economic Growth
The Norwegian Investment Fund for developing countries, Norfund, recently organized its first stakeholder event in Nigeria which hosted key players across multiple industries in the private sector to…
- 12 Oct 2022
Funding for African Tech Start-ups Drops 54% in Q3
The level of funding for- and value in deals with African tech start-ups fell by 54% and 13% respectively on a quarter-on-quarter basis for the period to the end of September 2022 – this despite…
- 2 May 2018
West Africa Exchange Targets Telecoms Listings
West Africa’s stock exchange, BRVM, targets listings by the region’s telecoms firms and partnerships with international clearing houses to attract more foreign investors, its chief executive said on…