Santam, South Africa’s largest short-term insurer, has announced the acquisition of Kandua, a leading...

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.