Over the next 12 to 18 months, MaxAB-Wasoko says it expects to see significant topline growth and improved operational efficiency.

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.

Dream VC’s announcement comes amid renewed debate around the dominance of foreign capital and founders in African tech.

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 Casablanca-based financial services provider has announced that non-residents can now open accounts using only a valid passport.

Here’s a closer look at the notable under-the-radar investment activity we’re tracking this week.

Last year, HAVAÍC — a venture capital firm known for strategic tech investments and a recent exit from fellow emergency-tech startup RapidDeploy — invested $1.1 million in AURA through a bridge round, in partnership with AfricInvest.

Cape Verde has long leveraged its geographic advantage.

Cameroon’s ultimatum comes just weeks after the Central Bank of West African States (BCEAO) initiated a similar regulatory crackdown across the West African Economic and Monetary Union (WAEMU).

The company has raised $19 million since inception, supplemented by $20 million from contract chip design — a necessity in a region where deep-tech funding is scarce.

In a country where bureaucratic delays and regulatory hurdles often stifle innovation, one solar startup has managed to defy the odds.

For a continent where 60% of the population is under 25, the stakes are high.