Venture Capital
East Africa
Cross-border private capital flows, infrastructure project financing, private equity investments, and venture expansions across East African economies.
Ugandan Dairy Processor Mujuni Ventures Secures Strategic Funding from Oxano Capital to Scale Production and Cold-Chain Infrastructure
Kampala-based Mujuni Ventures has closed a milestone investment from Netherlands-based Oxano Capital, unlocking capital to expand its processing footprint, upgrade supply chain logistics, and deepen smallholder sourcing across East Africa.
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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.
Ugandan Dairy Processor Mujuni Ventures Secures Strategic Funding from Oxano Capital to Scale Production and Cold-Chain Infrastructure
Kampala-based Mujuni Ventures has closed a milestone investment from Netherlands-based Oxano Capital, unlocking capital to expand its processing footprint, upgrade supply chain logistics, and deepen smallholder sourcing across East Africa.
AHL Venture Partners Hits $45.5 Million Second Close for Africa Credit Fund I Following $15 Million Commitment
The pan-African debt fund has advanced toward its $70 million target, backed by Ceniarth and co-investors, to scale senior secured and mezzanine lending across high-impact sectors.
Spiro Secures $50 Million in Debt Funding to Expand African EV Battery-Swapping Network
African electric mobility leader Spiro has raised $50 million in debt financing from Afreximbank, Nithio, and the Africa Go Green Fund. The capital will fuel the expansion of its battery-swapping infrastructure and proprietary technology platform across the continent.
Flutterwave Acquires Open Banking Startup Mono in All-Stock Deal Valued Up to $40 Million
African payments giant Flutterwave has acquired Nigerian open banking infrastructure startup Mono, marking a major strategic milestone in the continent's digital financial services ecosystem.
Diageo to Sell Controlling Stake in East African Breweries to Asahi in $4.8 Billion Deal
Diageo plc has entered into a definitive agreement to divest its controlling shareholding in East African Breweries Limited (EABL) to Asahi Group Holdings in a landmark $4.8 billion transaction, reshaping the consumer goods and beverage landscape across East Africa.
AXIAN Telecom Expands East African Fiber Footprint via Acquisition of Wananchi Group
AXIAN Telecom expands its East African digital infrastructure footprint by acquiring a majority stake in regional internet provider Wananchi Group.
Wasoko and MaxAB Complete Landmark Merger to Form Pan-African B2B E-Commerce and Fintech Ecosystem
B2B e-commerce platforms Wasoko and MaxAB have finalized an all-stock merger of equals, creating a combined entity that connects over 450,000 informal merchants across five African markets.
Bboxx and EnerTech Launch $100 Million Electrification Platform at COP28 to Expand Clean Energy Across Africa
Data-driven super-platform Bboxx and Kuwait’s EnerTech have partnered on a $100 million electrification initiative announced at COP28, designed to scale essential clean technology, smart financing, and e-mobility services across 11 African markets.
M-KOPA Raises Over $250 Million in Landmark Financing to Expand Digital Inclusion and E-Mobility
M-KOPA has successfully closed over $250 million in new equity and debt financing, marking one of the largest capital raises in African fintech history.