Venture capital

Enza raises $6m round led by 4DX Ventures

British International Investment joins as a new investor, while Quona Capital and Algebra Ventures add to their positions.

Nov 5

AgDevCo Ventures provides mezzanine loan to Ugandan agro-processor Newman’s

Newman’s is an agro-processor that turns locally grown crops into a range of value-added food products and also packs fresh fruits and vegetables.

Nov 4

Egypt’s NoorNation raises $1.05m seed round for solar irrigation

The company offers pay-as-you-go solar irrigation to help farmers move away from diesel-powered pumps.

Nov 2

Tanzanian healthtech Medikea raises $1.2m pre-seed round

The Tanzanian company will use the funding to expand its clinic network and add specialist services.

Nov 2

Kenya: Kenafric Group launches $10m corporate venture fund

Kenafric Ventures, managed by S2E Africa, will invest between $100,000 and $2 million in early-stage consumer businesses.

Oct 29

South Africa: CrissCross secures Circle Ventures investment

“Africa’s cross-border payments market is massive, complex, and underserved,” says CrissCross general manager James Cope.

Oct 28

Madica secures $6m from Flourish Ventures

The pre-seed programme will back 25–30 additional startups and deepen its company-building support over the next three years.

Oct 27

Aries Media Ventures launches Africa media-tech fund

Aries Media Ventures Fund I invests in media-tech startups serving sub-Saharan Africa.

Oct 27

Kuunda completes $5m secondary share sale led by E4E Africa

Accion Ventures, Portugal Gateway Fund and Seedstars Africa Ventures increased their stakes in the business.

Oct 19

Proparco’s Digital Africa makes first Ethiopian investment

It invested in ChipChip, which connects Ethiopian farms with buyers through a platform that uses data and artificial intelligence.

Oct 19

Nithio backs Nigerian e-mobility platform MAX

The Lagos-headquartered business plans to expand its electric vehicle fleet and charging infrastructure.

Oct 14

NeoFleet Capital raises $4m pre-seed round

The company currently operates in Senegal, Côte d’Ivoire and Peru.

Oct 12

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