The government of Tanzania, the African Development Bank (www.AfDB.org), and the French Development Agency (AFD) have signed agreements for two development project loans worth
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Perplexity.ai recently raised a $25.6 million series A funding round led by Peter Sonsini of New Enterprise Associates (Board member, Databricks) with participation from
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Amazon’s cloud service AWS has announced its plans to invest R30.4 billion in its cloud infrastructure in South Africa by 2029. AWS estimates it
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Apis Growth Fund II, a private equity fund managed by Apis Partners LLP (“Apis Partners”), a UK-based asset manager, announces its proposed investment of
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Fez Delivery (https://FezDelivery.co/), a leading logistics and delivery company, announced its $1 million seed round, Ventures Platform led the funding round, with participation from
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Google’s Black Founders Fund is an initiative that is helping Black founders in Africa to overcome the unique challenges that they face when it
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Kredivo Holdings (formerly known as FinAccel), the parent company of Kredivo and Krom Bank Indonesia, announced that it has raised ~US$270 million in equity
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Flat6Labs (www.Flat6Labs.com), MENA’s leading seed investor, has announced the launch of a new US$95 million Seed Fund to nurture the growth and development of
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Naspers, the largest tech company in Africa by market capitalization, has closed down Naspers Foundry, its South Africa-focused venture capital fund, according to BusinessDay.
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The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank (http://www.AfDB.org) has approved a technical assistance grant of $5.03 million to implement the
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