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    Ecosystem News

    Ecosystem News

    AfricInvest Raises $10M from France’s Proparco to Support African Startups and SMEs

    “This investment is part of the Choose Africa initiative, which Proparco launched to support SMEs and startups across Africa,” said Jérémie Ceyrac, Proparco’s Investment Director.
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    Venture Capital & Funding Sources

    P1 Ventures, Two Others Secure $7.5M Backing from Egypt’s Fund of Funds

    The latest funding contributions are part of Egypt’s broader “Fund of Funds” initiative, which has ambitious plans to secure up to $1 billion in funding.
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    Ecosystem News

    Payments Behemoth Visa Joins Moniepoint’s Cap Table

    Visa’s investment in Moniepoint follows a period of significant growth for the Nigerian fintech.
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    EASTERN AFRICA

    Norfund Doubles Its $40M Investment in CrossBoundary Energy Two Years After

    In July 2022, CrossBoundary Energy announced the completion of a US$40 million equity investment from Norfund and KLP, Norway’s largest pension company.
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    Powering Up: Why Fintechs Are Targeting South Africa’s Prepaid Electricity Startups

    Consolidation in Southern Africa’s utility fintech sector is accelerating as established operators look beyond traditional merchant acquiring and airtime lending.
    Updates

    BII Injects $15M Into Starsight Energy to Tackle West Africa’s Diesel Reliance

    The mezzanine debt facility will primarily target Nigeria, where businesses currently depend on an estimated 40GW of expensive, self-generated fossil fuel power.

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    Partner Content

    The Riyadh-Cairo Pipeline: Saudi’s VMS Lands in Egypt to Hunt for Seed+ Scaleups

    Founders looking to join the first cohort have a narrow window to apply.
    Partner Content

    A New Wave of Tech Firms Is Tapping Nigeria’s Public Debt Market

    The broader market backdrop explains why more technology companies are exploring this route.

    Latest articles

    Updates

    Powering Up: Why Fintechs Are Targeting South Africa’s Prepaid Electricity Startups

    Consolidation in Southern Africa’s utility fintech sector is accelerating as established operators look beyond traditional merchant acquiring and airtime lending.
    Updates

    BII Injects $15M Into Starsight Energy to Tackle West Africa’s Diesel Reliance

    The mezzanine debt facility will primarily target Nigeria, where businesses currently depend on an estimated 40GW of expensive, self-generated fossil fuel power.
    Policy & Regulations Forum

    DICON’s Open-Door Policy Complicates Life for Nigeria’s Defence Tech Startups

    Since the Act came into force, DICON has pursued a pattern of institutional openness — one that has generated a succession of MoUs and, with them, structural questions.
    Updates

    Moniepoint-Backer Lightrock Africa Secures IFC Anchor for New $200M Growth Fund

    The World Bank Group's private sector arm is anchoring the Nairobi-headquartered manager's second African growth equity vehicle, which targets eight to twelve portfolio companies across Nigeria, Kenya, and South Africa.

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