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Bekia Raises $765K Seed Round Led by Madica to Scale Egyptian Waste-Tech Platform
Backed by Flourish Ventures' investment program, the digital waste-management startup will expand its engineering team, launch B2B software, and target cross-border growth.
Twiga Foods Enters Administration as $35 Million Rescue Package Falls Short
East Africa's premier B2B retail distribution platform yields to mounting debt and structural pressures after raising over $185 million across its lifetime.
Nigerian Credit Infrastructure Startup CreditChek Acquires Ugandan Core Banking Provider Algosys to Accelerate East African Expansion
The strategic acquisition combines Algosys’s core banking and loan management technology with CreditChek’s credit, income, and identity intelligence to build full-stack lending infrastructure across Africa.
Flutterwave Powers Digital Access for Landmark Dangote Refinery IPO
Acting as a licensed receiving agent, the payments technology major is providing the core infrastructure to streamline retail and diaspora subscriptions for the world’s largest single-train refinery.
ByteX and Cenne Financial Merge to Launch Unified Cross-Border Financial Stack Linking North America, India, and Africa
The cross-border payment platform has merged with Africa-focused financial operations platform Cenne Financial to build an integrated financial gateway streamlining trade and commerce across key global corridors.
Africa GreenCo Secures $21.5 Million to Accelerate Clean Energy Across Southern Africa
Africa GreenCo has closed an additional $21.5 million in total third-round financing, bolstered by commitments from the Private Infrastructure Development Group, Impact Fund Denmark, and Sanlam Alternative Investments.
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.
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.
Capitalworks Secures $15 Million from Proparco for Fourth Flagship Fund to Back South African Mid-Market
South African private equity heavyweight Capitalworks has secured a $15 million commitment from Proparco to drive mid-market expansion, strengthen ESG standards, and catalyze employment across the region.
Dislog Medical Devices Prepares Landmark Public Offering on the AMMC Under Moncef Belkhayat's Leadership
The specialized health-tech subsidiary of Morocco's Dislog Group is gearing up for a major capital market debut under the guidance of Chairman and CEO Moncef Belkhayat.
Mauritius-Based AI Boutique Spoon Consulting Secures Minority Equity Investment from AfricInvest Small Cap Fund
The specialized digital transformation consultancy has brought in AfricInvest to scale its proprietary AI architectures and accelerate expansion across Africa and Europe.