Badili, a leading Kenyan re-commerce startup, has secured $400,000 in debt funding from Proparco. This investment will drive the expansion of its refurbished smartphone business, making mobile technology more accessible and sustainable across East Africa.
Sahel Capital has secured a $400,000 working capital loan for MM LEKKER to strengthen agricultural trade in Benin. This investment will help smallholder farmers access fairer prices, reduce post-harvest losses, and build more resilient livelihoods.
LoftyInc Capital secures $43 million for its third fund, LoftyInc Alpha, to propel African startups from late-seed to Series A. Backed by sovereign wealth funds, development finance institutions, and high-net-worth investors, the fund aims to bridge the funding gap in Africa’s growing startup ecosystem.
IFC has invested $6 million in Ventures Platform Pan-African Fund II to support early-stage African tech startups. With a focus on fintech, health tech, and digital infrastructure, the fund aims to enhance seed-stage financing and expand Africa’s digital ecosystem.
Three Francophone African startups have been crowned winners of the latest Orange Summer Challenge, a program that helps young entrepreneurs transform their ideas into impactful businesses. The 2025 edition featured 282 participants from 14 countries, with the top three startups focusing on sustainability, healthcare, and environmental innovation.
ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB) have launched a €100 million partnership to support climate action and sustainability in the ECOWAS region. The initiative, backed by the EU, will fund renewable energy, sustainable agriculture, and water treatment projects, aiming for a greener and more prosperous future.
MTN Nigeria has reported a staggering N400 billion loss for 2024, driven by the sharp devaluation of the naira and rising operational costs. Despite the economic challenges, the telecom giant is implementing strategic measures to sustain its market leadership.
Summit Africa has officially launched its Summit Private Equity Fund II (SPEF II) with a $20 million anchor investment from British International Investment (BII). Focused on financial services, ICT, and food security, the fund seeks to drive economic transformation and inclusion across Southern Africa. With plans to raise additional capital, SPEF II supports South Africa’s broader investment and development goals
Raising capital can be one of the toughest challenges for entrepreneurs. The Venture Deals online course, created by Techstars and Kauffman Fellows, equips founders with essential insights into venture capital, negotiation tactics, and investor engagement.
Nigerian naira strengthens against the dollar, investors wonder if the rally will last. With inflation adjustments, monetary policy shifts, and FX market dynamics in play, the currency faces a crucial test in the coming weeks.