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    Ecosystem News

    BII Commits $20M to TerraPay to Boost Financial Inclusion in Africa

    “Our investment will support an increased volume of remittance transactions into Africa, by pre-funding over $1 billion worth of transactions per year. Sending money to Africa is expensive..."
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    Venture Capital & Funding Sources

    Innovate Africa Launches $2.5M to Support Early-Stage Startups

    This sector-agnostic fund aims to back up to 20 startups in its first year.
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    EASTERN AFRICA

    Rwanda Green Fund Invests $2M in Green Startups via Ireme Invest

    BasiGo Rwanda was awarded a RWF 300 million (USD 225,000) recoverable grant from Ireme Invest, the Rwanda Green Fund 's green investment facility.
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    Latest Funding

    Tanzanian Fintech Nala Raises $40M Series A for Global Expansion

    This $40 million funding round marks a pivotal moment for Nala. It will enable us to go beyond remittances and extend our reach beyond Africa, building a robust payments ecosystem
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    Acumen’s ARAF Fund Raises $90m to Take Its Climate-resilience Playbook to North Africa

    "Climate change is a fact of life, and climate resilience for farmers is the difference between a good season and the risk of losing everything."
    Updates

    Vercel Extends Acquisition Spree With Egypt’s Stakpak Deal

    P1 Ventures vindicated as Vercel snaps up second portfolio company in a week.

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    Partner Content

    From Pilot to Profit: Kenya’s Jackfruit Finance Takes Its School Lending Model Across East Africa

    The move to a revenue-sharing arrangement marks a transition away from subsidised pilot funding.
    Partner Content

    Koko Networks Puts Ethanol Platform on the Block in $15m Asset Sale

    The sale is being targeted at corporate and institutional participants with demonstrated financial capacity to conclude a transaction exceeding $15m.

    Latest articles

    Updates

    Acumen’s ARAF Fund Raises $90m to Take Its Climate-resilience Playbook to North Africa

    "Climate change is a fact of life, and climate resilience for farmers is the difference between a good season and the risk of losing everything."
    Updates

    Vercel Extends Acquisition Spree With Egypt’s Stakpak Deal

    P1 Ventures vindicated as Vercel snaps up second portfolio company in a week.
    Updates

    Karooooo’s Delivery Arm Rides Quick-Commerce Wave as Fleet-Tracking Core Matures

    South African vehicle-tracking group Karooooo is quietly building a second growth engine in the...
    Ecosystem News

    Uber to Acquire Glovo and Talabat’s African Operations Under Delivery Hero’s $16.9bn Takeover

    Transaction will give US ride-hailing and delivery group a foothold in fast-growing markets including Egypt, Kenya and Nigeria.

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