February 23, 2018
Musoni Kenya secures $1 million in equity funding from Oikcredit
Musoni Kenya has received equity funding of $1 million from Oikcredit which joins other earlier funders such as KfW and...
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February 15, 2018
Mall for Africa is expanding its ecommerce retail market into the rest of Africa
Mall for Africa is expanding its reach beyond Nigeria, Ghana and Kenya to other countries which include Egypt, DRC, Senegal...
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February 15, 2018
Social investor AgDevCo has invested $2.5 million in Suma Hydro Tanzania
AgDevCo has invested $2.5 million in the Suma Hydro project which is a 1MW hydroelectric power plant in Tanzania’s Southern...
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February 15, 2018
African based tech-taxi company raises $2 million
Mondo, the Kenyan based tech taxi company has raised $2 million from investors mostly from Egypt and the United Arab...
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February 15, 2018
Amethis buys minority stake in Moroccan based Groupe Premium
Amethis has acquired a minority stake in Morocco’s industrial equipment distributor known as Groupe Premium which was founded as a...
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January 29, 2018
TPG buys majority stake in TRACE
Private equity firm TPG Growth has bought a majority stake in TRACE, an afro-urban music and entertainment business. TPG will...
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January 29, 2018
DEG has invested $4.9 million in M-BIRR Ethiopia
DEG, a German funder has invested $4.9 million in M-BIRR which is a cashless money transfer and payment service in...
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January 29, 2018
Kuramu buys minority a stake in Kenya’s Sterling Capital
New York-based equity fund Kuramo Capital has bought a minority stake in Kenyan investment bank Sterling Capital. Sterling Capital is...
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January 24, 2018
Zazu Zambia raised $218K via crowdfunding
Zazu was a company started to allow farmers to connect with new customers has turned to the digital banking space...
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January 24, 2018
Asticom Kenya receives a grant for its waste to energy power plant
Asticom Kenya, a waste recycling company has obtained a $995K grant from the Sustainable Energy Fund for Africa which is...
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