“The extension of our strategic partnership reaffirms our shared commitment to creating a more sustainable and prosperous future for Africa,” said USTDA Director.

This change effectively acknowledges that smaller transactions, previously subject to the same level of scrutiny as larger ones, were overburdening both regulators and investors.

In July 2022, CrossBoundary Energy announced the completion of a US$40 million equity investment from Norfund and KLP, Norway’s largest pension company.

The funding round highlights the growing investor confidence in African climate-tech solutions

The $24 million investment will fund Enko Education’s large-scale acquisition strategy aimed at consolidating Africa’s fragmented K-12 education market.

Egyptian fintech startup MoneyHash has secured $5.2 million in a pre-Series A funding round,...

The Start Up Maxula Seed Fund, authorised by the Conseil du Marché Financier (CMF) in November 2018, has been actively investing in Tunisian startups.

In the UAE, Paymob’s operations have scaled rapidly. Within just 14 months, transaction volumes in the UAE matched what took five years to achieve in Egypt.

The platform enables users to access credit for stock purchases, repay conveniently, and focus on scaling their businesses.

Lofty Alpha Fund plans to extend its reach across the African continent while leveraging its extensive network of investors and partners.

Founded in 2018 by former Ernst & Young executives and actuaries Alex Thomson, Sumarié Greybe, and Ernest North, Naked distinguishes itself through a fully digital, AI-driven insurance platform.

In 2024 alone, these tech visitors flocking to Morocco helped catapult the North African country to Africa’s number one tourist destination, surpassing Egypt after it secured over 17.4 million visits that year. But as their presence fades, a new tendril is sprouting.