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Amethis Announces Strategic Investment in Pan-African Financial and Insurance Solutions Provider Zamara Holdings Limited — Sundeep Raichura and Frank-Astère Ndiyo Butoyi | Image Credit: Amethyst

Amethis Announces Strategic Investment in Pan-African Financial and Insurance Solutions Provider Zamara Holdings Limited

The prominent impact-oriented private equity firm has backed Nairobi-headquartered Zamara to accelerate its digital transformation, expand its regional footprint, and scale its insurance and actuarial services across Africa.

By Charles S. • 2 hours ago

Grindstone Ventures Launches New $31.2 million Fund to Close Africa's Post-Seed Funding Gap — Thandiwe Maqetuka, Keet van Zyl, and Catherine Young | Image Credit: GrindstoneXL

Grindstone Ventures Launches New $31.2 million Fund to Close Africa's Post-Seed Funding Gap

The newly established vehicle, led by an all-female founding team, is designed to bridge the post-seed funding gap and prepare high-growth African enterprises for Series A readiness.

By Newsroom Team • 3 hours ago

Mauritius Commercial Bank Structures $51 Million Loan to Support Tolaram Group's Guinness Nigeria Refinancing — Image Credit: Guinness Nigeria

Mauritius Commercial Bank Structures $51 Million Loan to Support Tolaram Group's Guinness Nigeria Refinancing

The Mauritian financial institution has finalized a strategic medium-term facility to help the Singaporean multinational optimize its capital structure following its high-profile acquisition of Guinness Nigeria.

By Charles S. • 11 hours ago

Nairobi-Based EV and Battery-as-a-Service Pioneer ARC Ride Secures $33.3 Million in Combined Equity and Debt Financing — Image Credit: Proparco

Nairobi-Based EV and Battery-as-a-Service Pioneer ARC Ride Secures $33.3 Million in Combined Equity and Debt Financing

Kenyan electric mobility leader ARC Ride has closed a massive $33.3 million funding round backed by a consortium of top-tier venture capital firms and international development finance institutions to scale its pan-African operations.

By Newsroom Team • a day ago