The Cairo-based firm has quietly returned more than ten times invested capital to its first fund. Its method - rooted in infrastructure built two decades ago for mobile telecoms - is worth examining.
In a region where access to capital remains a key challenge for many startups, Egypt Ventures, for example, has emerged as a model of how government-backed venture capital can play a catalytic role.
Tespire, based in Northern Nigeria, is addressing the critical gap in infrastructure in local schools, where administrative inefficiencies often hinder overall educational performance.
South Africa’s Startup Act Movement has garnered international attention and support, recently receiving a third round of undisclosed funding from the British High Commission’s UK-SA Tech Hub.
The first tranche of $1 million will be disbursed in US dollars, with repayments made in Malawian Kwacha, while the second tranche, also valued at $1 million, will be disbursed and repaid in US dollars.
With these new investments, EdVentures has now backed a total of 22 startups, up from 14, marking a significant milestone in its journey to reshape education through technology. in Egypt.
The GreenTech Energy Accelerator, part of the broader Timbuktoo initiative, invites applications from African innovators who are developing groundbreaking technologies in renewable energy generation, storage, and efficiency.
The investment in SolarAfrica represents Mirova’s fifth transaction under its Gigaton strategy, which aims to accelerate the global transition to low-carbon energy by investing in renewable energy projects in high-growth markets.
WiASSUR, founded in 2019, has emerged as a dynamic player in the region by offering a fully digitized insurance platform, providing personalized and accessible solutions to individuals and businesses.
The network targets the deployment of 6,000 batteries and up to 100 swap stations across Ghana, aiming to create an accessible, reliable, and scalable clean energy infrastructure.
The Cairo-based firm has quietly returned more than ten times invested capital to its first fund. Its method - rooted in infrastructure built two decades ago for mobile telecoms - is worth examining.
Disruptions to tanker traffic through the Strait of Hormuz — which typically handles 20% of global oil flows — have slashed exports through the corridor from 20 million barrels per day to 3.8 million during peak disruptions.
