Funding

Tshireletso Mokate's journey from a camping enthusiast to the champion of the 2023 Engen Pitch & Polish competition exemplifies the power of innovation and passion. With a million-dollar prize in hand, Mokate, fondly known as "The Camping Guy," is poised to redefine the camping experience.

Tripplo, a Johannesburg-based logistics software platform, recently concluded its seed funding extension round with an impressive equity investment of US$1.8 million (R34 million).

Africa's tech landscape is flourishing, and it's drawing substantial investments from notable figures and institutions. Norrsken22, an Africa-focused venture capital firm, has secured a massive $205 million (approximately R3.8 billion) with the backing of over 30 unicorn founders.

In a momentous stride towards enhancing food security and supporting smallholder farmers, British International Investment (BII), the UK's development finance institution and impact investor, has committed $26.5 million to AFEX, Africa's foremost commodities platform.

Almouneer, an Egyptian health tech company, has emerged as a pivotal player in the health sector. With a mission to revolutionize healthcare for those grappling with diabetes and obesity, it recently secured $3.6 million in funding.

By providing seamless access to working capital, Absa Bank Kenya seeks to enhance the MSME sector's resilience. In a rapidly evolving economic landscape, such financial support is critical for the sustainability of these enterprises.