Development Finance
Digital Economy
Fintech expansion, e-commerce platforms, telecommunications infrastructure, digital identity systems, and venture-backed technological innovations driving structural transformation across African markets.
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EBRD Backs Nigeria’s Beacon Power Services to Modernize National Electricity Grid Infrastructure
The European multilateral lender commits up to $10 million in senior debt as part of a $20.9 million digital grid technology package targeting loss reduction and revenue optimization across Nigerian utilities.
South African Telecom Ilitha Secures $30M Debt Facility From Absa to Scale Township Fibre
The R500 million funding from Absa Corporate and Investment Banking will accelerate the deployment of uncapped prepaid broadband across underserved peri-urban communities.
Egyptian-Founded Payments Technology Pioneer Zeal Secures $10 Million to Scale Global Terminal Infrastructure
London-based and Egypt-founded fintech startup Zeal closes a $10 million funding round, bringing total capital raised to $14 million to fuel the international rollout of its payment-linked loyalty and merchant intelligence software across more than four million card terminals.
Ghana’s Apprise Music Secures GH¢600,000 Grant at Orange Inspire Pitch Competition
Ghanian music distribution and rights management platform Apprise Music & Media wins non-dilutive capital through the Orange Inspire Fidelity Cultural and Creative Challenge to scale digital infrastructure for independent creators.
VEA Capital Partners Acquires Stake In South African Data Science Firm Bonisa AI
The private investment arm of VEA Group backs the artificial intelligence and analytics specialist to accelerate enterprise expansion, commercialize decisioning-as-a-service, and scale advanced credit modeling across African markets.
DNI Deploys Over $115M To Expand Access To Connectivity, Digital Services And Mobile Technology Across South Africa
The digital infrastructure group channels over R2 billion into telecom assets, scaling high-speed fiber deployments, international eSIM connectivity, and mobile distribution across the region.
Proparco Commits $10 Million to Africa50’s AGIA-PD Fund to Accelerate Green Infrastructure
With early-stage structuring remaining the primary bottleneck for African infrastructure, Proparco’s anchor commitment targets the pre-investment gap to unlock a USD 400 million pipeline of bankable green assets.
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.
Watu Secures $7 Million Strategic Debt Facility from AHL Venture Partners to Drive African Expansion
The asset-financing platform has closed a fresh debt facility to bolster working capital and scale its mobility and connectivity portfolios across emerging African markets.
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.