Funding

Casablanca-based Al Mada Ventures (AMV) has emerged on the African venture capital scene. With a targeted capital pool of $110 million, AMV aims to revolutionize the investment landscape, particularly focusing on Series A and B stages—a realm often underserved in Africa.

E4E Africa proudly announces the successful first close of its E4E Africa Fund II, marking a pivotal moment in the trajectory of the continent's startup ecosystem. The venture capital fund, headquartered in South Africa, is set to amplify its impact across key sectors in Sub-Saharan Africa.

Under the astute leadership of Tunisian VC firm 216 Capital, Winshot has emerged victorious in securing substantial funding. This financial injection is poised to be a game-changer, steering the startup toward expanding its footprint across both the French and Tunisian markets.

This significant investment positions Maka to simplify the process of buying fashion and beauty products in Africa, introducing a new paradigm to the e-commerce landscape.

Rwanda takes a bold step towards transforming its agricultural landscape by introducing a groundbreaking funding initiative. The Hanga Agritech Innovation Challenge Fund, a US$2 million facility, is set to drive financial and technical support to agriculture technology startups.

The British International Investment (BII) and Shell Foundation have committed $2.6 million towards supporting 9,000 smallholder farmers. This transformative initiative seeks to increase farmland productivity by leveraging innovative solutions provided by Kenyan company SunCulture.