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    Venture Capital & Funding Sources

    Novastar Closes $147m Africa Climate Fund as Japanese Corporates Pile Into VC

    The composition of Novastar's Limited Partners (LPs) for NVIII highlights an evolving trend in African VC.

    Breega Nets $8.5m From AfDB as Development Bank Ramps Up VC Appetite

    Both recent AfDB commitments were structured as first-loss tranches via the European Commission’s Boost Africa programme—a blended finance move designed to shield private capital from initial losses.

    Europe’s EIB Backs Speedinvest to Channel $230M Into African Fintech Startups

    The Vienna-based VC firm has formalised a new vehicle targeting fintech and mobile-first startups across North and Sub-Saharan Africa.

    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.
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    Ex-ZOLA and Fenix Exec Closes First Dedicated Climate Tech Fund for Southern Africa

    The Southern Africa-focused climate tech investor has closed its first fund, backing ten companies across e-mobility, circular economy and energy access

    Africa’s Electric Mobility Pioneers Turn to Operators in Race for Profitability

    The sector has attracted unprecedented capital.

    Morocco’s Done.ma Raised $2M to Challenge Glovo. Now It Faces Bankruptcy Speculation

    The Rabat-based super app's mobile application is unavailable and the company has not communicated publicly for several days.

    AI-First Telcos Will Lead the Race in Africa

    Author: Kitso Lemo, Associate Director, TMT Practice at Boston Consulting Group (BCG)

    Latest articles

    Ex-ZOLA and Fenix Exec Closes First Dedicated Climate Tech Fund for Southern Africa

    The Southern Africa-focused climate tech investor has closed its first fund, backing ten companies across e-mobility, circular economy and energy access

    Africa’s Electric Mobility Pioneers Turn to Operators in Race for Profitability

    The sector has attracted unprecedented capital.

    Moroccan Proptech Agenz Bags $5m from Breega and North Africa’s Largest Bank

    The Casablanca-based proptech, which combines real estate data, agent tools, and a transaction platform, closes an oversubscribed seed round.

    Fintech Margins Under Pressure as Pan-African Payments Race Reaches Ghana

    Ghana's fintech sector has attracted intensifying interest from both regional and international players.