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    Ecosystem News

    Ecosystem News

    France’s Largest VC Firm, Bpifrance, Establishes New Base in Egypt

    In June this year, French President Emmanuel Macron announced the creation of the “Fonds Maghreb,” a €100 million fund aimed at North Africa.
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    Venture Capital & Funding Sources

    Equator Africa Raises $54 Million to Invest in African Startups, Backed by IFC’s First Venture into ClimateTech

    While the fund’s primary focus is on Kenya and Nigeria, it has already backed companies with operations in a diverse set of countries, including Côte D’Ivoire, Ghana, Madagascar, Senegal, South Africa, Sierra Leone, and Zambia.
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    Latest Funding

    Pan-African Startup AMAKA Studio Raises $2M Seed Funding to Connect Brands with Content Creators

    The round was led by Equitane (formerly known as the Africa Transformation and Industrialization Fund: ATIF), alongside contributions from Morgan Stanley Inclusive Ventures Lab, Silverbacks Holdings, and a network of angel investors.
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    Ecosystem News

    Dubai’s Global Ventures Sets Sights on Expanding African Startup Portfolio with New Fund

    Global Ventures has previously made notable investments in a variety of African startups, including Kenya's Ilara Health, Egypt's Paymob, Nigeria's Moniepoint. Others include Helium Health, Metro Africa Xpress Inc. (MAX), Elmenus…
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    Valu Expands to Jordan With $7m — but Its Fastest Growth Is Coming From Payments, Not Loan

    Egypt's largest consumer fintech posted its first full-year results since listing.
    Updates

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.

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    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.
    Partner Content

    Ziidi Trader: Safaricom Captures Half of Kenya’s First Major IPO in 20 Years

    The Kenyan government’s sale of a 65% stake in KPC raised 106.3 billion Kenyan shillings ($823.1m).

    Latest articles

    Updates

    Valu Expands to Jordan With $7m — but Its Fastest Growth Is Coming From Payments, Not Loan

    Egypt's largest consumer fintech posted its first full-year results since listing.
    Updates

    African Startup Deal Tracker — Newest Deals

    Here’s a closer look at the notable under-the-radar investment activity we’re tracking this month.
    Venture Capital & Funding Sources

    Dutch VC Aqua-Spark Secures $48m for African Blue Economy Fund, Backed by KfW and AgriFI

    The close marks the culmination of a fundraising process that began in 2021.
    Partner Content

    Why Human Rights Matter in the Modern Workplace

    By Ashwin Rajah, founder of Mindset Matters

    Disrupting Norms, Amplifying Ambitions: Experience the Pulse of African Startups, Innovation and Entrepreneurship at Launch Base Africa!

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