4DX Ventures Fund III will focus on companies offering tech solutions that enhance productivity, efficiency, and competitiveness across Africa. The firm’s previous funds have invested in notable companies like Egypt’s e-commerce platform MaxAB, Ghana’s health tech firm mPharma, and Kenya’s B2B e-commerce platform Wasoko.

Founded in 2016 by Bamba Lo and Rokhaya Sy, Paps offers a suite of technology-driven logistics solutions designed to streamline supply chains for businesses across Africa.

DFC has allocated $10 million each to Mogo Auto Kenya and BasiGo to further advance e-mobility solutions in Kenya. This aligns with President Ruto’s Africa Green Industrialization Initiative and builds upon DFC’s existing support for sustainable transportation in the country.

The Financial Regulatory Authority (FRA) of Egypt has announced the approval of two significant...