News

The Zambian start up received a revolving working capital facility of up to $13,792 from S. African based Empress Fund (Africa Trust Group)Sage Valley produces locally made spices and pastesThe…

East Africa Fruits Co, raised the $2M funding in May 2020 in a Series A equity fundingThe round was led by Goodwell Investments with participation from FINCA ventures and Elea.The…

The agreement is for the development of the Kigali international financial centerThe center will support inward investment into Africa For more details: https://africaincmag.com/2020/06/17/cdc-group-partners-with-kifc-to-support-ongoing-development/

Ethos and Proparco invested $22 million in growth capitalThe funds will be used to expand Turaco’s manufacturing operations in Ethiopia For more details: https://www.proparco.fr/en/actualites/proparco-and-ethos-mezzanine-partners-invest-ethiopian-fmcg-platform

GET IT is a food distribution and logistics company based in RwandaVestedWorld is a Chicago based early stage, emerging markets investorThe amount of the investment has not been disclosed For…

The startups will receive mentorship and a $ 40,000 grant among other services to aid in their solution development For more details https://techtrendske.co.ke/12-african-ed-tech-startups-to-receive-funding-from-mastercard-foundation/

$3 billion in a 3 year bond to help alleviate the Covid-19 pandemic impact on African economies.For more details https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-launches-record-breaking-3-billion-fight-covid-19-social-bond-34982