The pan-African VC firm takes on an investment advisory role for the Botswana Tech Fund, which is targeting Southern Africa's undercapitalised digital economy
Globally, develoPPP Ventures has allocated over $160 million across five continents in just one year, targeting businesses that drive inclusive economic growth.
The back-to-back funding rounds signal rising investor interest in Egypt’s fintech sector, particularly in startups digitising traditional financial practices.
The company aims to formalize Egypt’s highly fragmented used car market — estimated at $10 billion — by introducing standardized pricing, digital financing, and secure ownership transfers.
Black will work closely with Okoudjou, the executive team, and shareholders to steer Onafriq’s growth strategy, with a particular focus on expanding cross-border capabilities and forging global partnerships.
The company recorded impressive growth in 2024, adding over 1 million users who placed more than 15 million investment orders worth approximately EGP 170bn ($3.4bn).
We looked through our data and uncovered a jarring reality: in 2025, Nigerian VCs are eerily quiet—even after some announced headline-making fundraises. For local founders, this isn’t just a data point; it’s a big concern.
In August 2024, Qardy closed a seven-figure pre-seed funding round backed by investors including White Field Ventures, Vastly Valuable Ventures, and a number of angel backers.
The EDFI loan follows a separate $12 million investment last year from Vancouver-based Key Carbon — formerly Carbon Neutral Royalty — with backing from private equity firm Cartesian.
The pan-African VC firm takes on an investment advisory role for the Botswana Tech Fund, which is targeting Southern Africa's undercapitalised digital economy
Mobility technology company reports first annual profit since going public, but auditors raise going concern doubt and Nasdaq listing remains under threat
From Nigerian defence contractors to Kenyan logistics software, a new cohort of well-capitalised tech firms is bypassing traditional hubs to set up operational bases in Accra.
