Funding

Enabling Connectivity: Zegtel's Bold Investment in Nigeria's Digital Future

In a bid to revolutionize mobile connectivity in Nigeria, homegrown mobile virtual network operator (MVNO) Zegtel has unveiled plans for a significant investment of $21.8 million over the next half-decade. This strategic move aims to bridge the digital gap and enhance telecom access.

by Joel Omulo

Enabling Connectivity: Zegtel's Bold Investment in Nigeria's Digital Future

News Funding Manufacturing

Leading Kenyan Clean Cook Stove Manufacturer BURN Secures $12 Million Investment

BURN Manufacturing, a pioneering force in clean cookstove production, has secured a monumental $12 million investment from Key Carbon Ltd, one of its prominent investors. This infusion of funds marks a pivotal moment in BURN's journey, opening avenues for expansion and impact across the continent.

by Joel Omulo

Leading Kenyan Clean Cook Stove Manufacturer BURN Secures $12 Million Investment

News Funding

Electrifying Kenya's Roads: Watu Credit's Commitment to E-Mobility

Watu Credit, a local asset finance solutions provider, is spearheading Kenya's e-mobility journey with a substantial investment of Sh1.3 billion. Watu Credit aims to facilitate the widespread adoption of electric vehicles (EVs), particularly two- and three-wheel motorbikes.

by Joel Omulo

Electrifying Kenya's Roads: Watu Credit's Commitment to E-Mobility

News Startup Updates Funding

Satgana Ventures: Pioneering Climate Tech Investments in Africa and Europe

Satgana Ventures, a climate tech venture capital firm, has successfully closed its inaugural fund, securing €8 million ($8.6 million) in commitments from notable investors. With a focus on early-stage startups in Africa and Europe, Satgana Ventures aims to address pressing climate challenges.

by Joel Omulo

Satgana Ventures: Pioneering Climate Tech Investments in Africa and Europe

News Startup Updates Funding

Norrsken Accelerator Offers Funding and Support to African Startup Founders

Norrsken Accelerator, based in Stockholm, Sweden, extends an invitation to early-stage African startup founders who are driven by innovative visions for a better future. The accelerator program promises funding of $125,000 and participation in an intensive eight-week business development program.

by Joel Omulo

Norrsken Accelerator Offers Funding and Support to African Startup Founders

News Funding

Tunisia’s ANAVA Pledges $4.3 Million into Janngo Capital

Tunisia's fund of funds "ANAVA" has pledged a substantial $4.3 million investment in the Janngo Capital Startup Fund (JCSF). Managed by Smart Capital, this strategic investment marks a transformative step towards advancing the continent's burgeoning startup landscape.

by Joel Omulo

Tunisia’s ANAVA Pledges $4.3 Million into Janngo Capital

News Funding

Empowering Tech Talent: Egyptian Startup Sprints Secures $3 Million to Fuel Expansion

Sprints emerges as a beacon of innovation and opportunity. With a recent infusion of $3 million in bridge funding, the AI-powered edtech startup sets its sights on an ambitious expansion drive into 10 new markets.

by Joel Omulo

Empowering Tech Talent: Egyptian Startup Sprints Secures $3 Million to Fuel Expansion

News Funding Manufacturing

CFAO Group invests $3 million in BasiGo to boost East Africa’s Electric Bus Production

BasiGo, a leading electric bus company, has secured a significant boost of $3 million (Sh396 million) in equity funding from the CFAO Group. This strategic investment aims to accelerate the production and delivery of electric buses in Kenya and Rwanda.

by Joel Omulo

CFAO Group invests $3 million in BasiGo to boost East Africa’s Electric Bus Production

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