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    Ecosystem News

    AfDB Injects $10M into KawiSafi Fund II to Boost Africa’s Climate Tech

    "the Bank’s commitment will leverage investments into groundbreaking African startups tackling climate change through renewable energy, clean mobility, and other vital sectors for achieving our climate goals.”

    ‘Compete with VCs and Fail’ — Top CVC Investors in Africa Warn

    “Another challenge is ensuring the right people are running the CVC. It’s not a product."

    Nigeria’s Matta Secures Additional Funding to Bridge Africa’s Chemical Supply Chain Gaps

    With a presence beyond Nigeria in markets like Cote Ivoire, Senegal, and Mauritius, Matta plans to expand to South Africa and Eastern Africa by the end of 2024.

    Investment Firm Taps into African Sports Tech Market with NERGii Deal

    This technology is poised to not only elevate the performance of athletes but also address common pain points experienced by consumers.
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    FINCA Ventures Backs Six African Resilience Tech Startups with Catalytic Capital

    Washington-based impact investor deploys non-dilutive funding to early-stage fintech and agtech ventures facing persistent early-stage funding gaps.

    Township Fibre, Mortgage Tech, and $168M in Domestic Dry Powder

    Four years after spinning out of Ethos PE, the Johannesburg-based firm signals a rare vote of confidence from local pension funds.

    Is Talent Export the New Impact Thesis? Daniel Yu’s $100M Fund Makes Its First Bet

    Move signals fund's focus on labour migration as a pathway out of poverty.

    Shuttlers Launches Carpooling Service as Rivals Race for Uber’s Market Share in Nigeria

    Findings by Launch Base Africa found that fares on several ride-hailing platforms operating in Nigeria have risen sharply since Uber’s exit.

    Latest articles

    FINCA Ventures Backs Six African Resilience Tech Startups with Catalytic Capital

    Washington-based impact investor deploys non-dilutive funding to early-stage fintech and agtech ventures facing persistent early-stage funding gaps.

    Township Fibre, Mortgage Tech, and $168M in Domestic Dry Powder

    Four years after spinning out of Ethos PE, the Johannesburg-based firm signals a rare vote of confidence from local pension funds.

    The Secret Antitrust Battle That Helped Sink Koko Networks

    The collapse of Kenya's largest clean-cooking company is blamed on a government refusal to authorise carbon credit sales. A court ruling in Nairobi shows that a competition inquiry into its main supply contract was running alongside that dispute.

    Egypt’s CIB Backs MNT-Halan With $37M Anchor Investment Ahead of IPO

    The country’s largest private bank commits EGP 2bn to the upcoming Cairo stock market listing.