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    Venture Capital & Funding Sources

    EASTERN AFRICA

    Rwanda Green Fund Invests $2M in Green Startups via Ireme Invest

    BasiGo Rwanda was awarded a RWF 300 million (USD 225,000) recoverable grant from Ireme Invest, the Rwanda Green Fund 's green investment facility.
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    Venture Capital & Funding Sources

    GO LIVE FUND Secures $4.8 Million Backing from ANAVA, Targets Tunisian ‘Pain Killer’ Startups

    The GO LIVE FUND, an €8 million ($8.6M) fund with a first closing at €6 million ($6.6M), aims to support 36 B2B startups in their initial development phase.
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    Ecosystem News

    Over 30 Foreign VCs Want to Run Morocco’s $150M Startup Fund

     The Mohammed VI Investment Fund (FM6I) has received an overwhelming response to its call...
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    Ecosystem News

    Launch Africa Ventures’ $100M Fund II Expands Portfolio with 16 African Startups

    Launch Africa, based in Mauritius, led African startup investments for consecutive years, averaging over one deal per week in 2022. Known for supporting market leaders like Kuda and MarketForce, the VC has diversified investments across pre-seed, seed, and Series A startups continent-wide.
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    Egypt’s BNPL Leader ValU Pivots to Payments as Central Bank Tightens Credit Vise

    As the Central Bank of Egypt raises risk weights and tightens bank funding rules, the country’s largest listed consumer lender is looking to fee-based revenue to protect its growth.
    Updates

    Tokyo State Lenders Back Peach Cars in $3.7M Debt Facility for East Africa Expansion

    Tokyo-based Cordia Directions secures ¥600mn in loans from government-affiliated lenders to expand its Kenyan used-car platform.

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    Airtel Africa Picks London for $245bn Mobile Money IPO but Faces Independence Test

    Rapid growth and 56.5m users make it Africa’s hottest tech float. But privately negotiated intra-group fees threaten to cloud its standalone public valuation.
    Partner Content

    1M Users in 8 Years, 9M in 6: The Smartphone Pivot Driving M-KOPA’s Hypergrowth

    The group now signs up about 10,000 new customers daily.

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    Updates

    Egypt’s BNPL Leader ValU Pivots to Payments as Central Bank Tightens Credit Vise

    As the Central Bank of Egypt raises risk weights and tightens bank funding rules, the country’s largest listed consumer lender is looking to fee-based revenue to protect its growth.
    Updates

    Tokyo State Lenders Back Peach Cars in $3.7M Debt Facility for East Africa Expansion

    Tokyo-based Cordia Directions secures ¥600mn in loans from government-affiliated lenders to expand its Kenyan used-car platform.
    Updates

    First-Time Founders Drive Nigeria’s Unicorn Boom

    Moove's $2.1bn valuation highlights the country's ability to mint billion-dollar companies without serial entrepreneurs.
    Updates

    Silverbacks Logs Massive Paper Gain as $37M Moove Bet Reaches $62M

    A Mauritius-based investment firm has made its biggest-ever bet on Africa's latest unicorn.

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

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