Funding

IFC's Strategic Investment in 4DX Ventures: Accelerating Tech Innovation in Africa

The International Finance Corporation (IFC) has announced a $10.5 million investment in 4DX Ventures, a prominent New York-based venture capital firm specializing in early-stage African technology companies.

by Joel Omulo

IFC's Strategic Investment in 4DX Ventures: Accelerating Tech Innovation in Africa

News Funding

Driving Towards Sustainability: Ethiopia’s Dodai $4 Million Funding Boost

In the heart of Addis Ababa, Dodai, an electric vehicle manufacturer, is spearheading Ethiopia's transition towards eco-friendly transport solutions. With a recent infusion of $4 million in Series A funding, Dodai is poised to accelerate its production capabilities.

by Joel Omulo

Driving Towards Sustainability: Ethiopia’s Dodai $4 Million Funding Boost

News Funding Startup Updates

South Africa’s Float Secures $11 Million Funding Facility from Standard Bank

South African fintech startup Float has announced the acquisition of an $11 million funding facility from Standard Bank. This strategic investment will enable Float to accelerate the rollout of its innovative card-linked installments platform.

by Joel Omulo

South Africa’s Float Secures $11 Million Funding Facility from Standard Bank

News Funding

Tunisia’s ClusterLab Raises $600,000 Pre-Seed Funding to Revolutionize Arabic Content Consumption

ClusterLab, the innovative company behind the Arabic audiobook summarization app Reedz, has announced the successful closure of a $600,000 pre-seed funding round. This influx of capital signifies a strong vote of confidence in ClusterLab's vision.

by Joel Omulo

Tunisia’s ClusterLab Raises $600,000 Pre-Seed Funding to Revolutionize Arabic Content Consumption

News Funding

Acasia Ventures' Six-Figure Investment in Egypt's Pharmacy Marts

Egypt based health tech Pharmacy Marts, a pioneering startup revolutionizing the pharmaceutical supply chain, has secured a substantial six-figure investment from Acasia Ventures.

by Joel Omulo

Acasia Ventures' Six-Figure Investment in Egypt's Pharmacy Marts

News Companies Funding

African Mobility Fintech Moove's Expansion Drive: Uber's $100M Investment

Moove, the African mobility fintech revolutionizing vehicle financing for ride-hailing and delivery app drivers, has secured a monumental $100 million investment in a recent funding round. Spearheaded by Uber, this investment marks a significant milestone for Moove as it gears up for expansion.

by Joel Omulo

African Mobility Fintech Moove's Expansion Drive: Uber's $100M Investment

News Companies Funding

Nigerian Fintech Zone Raises $8.5M Seed to Scale its Decentralized Platform

Nigerian fintech startup Zone is spearheading a paradigm shift in Africa's financial landscape with its innovative blockchain-powered payment infrastructure. With a recent infusion of $8.5 million in seed funding, Zone is poised to scale its decentralized platform.

by Joel Omulo

Nigerian Fintech Zone Raises $8.5M Seed to Scale its Decentralized Platform

News Funding

Boosting Trade Finance for Zimbabwean SMEs & Agribusiness: AfDB & NMB's $15M Initiative

The African Development Bank (AfDB) and NMB Bank Limited Zimbabwe have joined forces to introduce a groundbreaking $15 million Trade Finance Transaction Guarantee Facility. This initiative marks a pivotal moment in advancing trade finance opportunities for Zimbabwean businesses.

by Joel Omulo

Boosting Trade Finance for Zimbabwean SMEs & Agribusiness: AfDB & NMB's $15M Initiative

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