Browsing: Business
Kenya is seeking to bolster foreign investment in startups and to encourage wider participation in the digital economy.
Equator, a climate-tech venture capital firm, has raised USD 40 million in commitments to support seed and Series A-stage tech ventures in energy, agriculture, and mobility sectors in Sub-Saharan Africa.
Nigerian fintech Moni will leverage social trust and group responsibility to provide SME owners in Africa with working capital.
Fintech startups attracted the majority of VC activity, with Saudi Arabia topping the list in terms of regional investment.
AWS announces applications open for the Femintech Innovation Challenge, a pitch competition targeted at women-led start-ups in Africa.
Paymenow, a South African fintech startup, aims to scale its services, widen customer base and deepen penetration.
Peach Payments, a South African fintech, has raised USD 31 in funding from Apis Partners. The company offers a range of payment solutions and e-commerce tools.
Shaker Group, a major manufacturer of air conditioners and home appliances, has invested in Cashew KSA, a subsidiary of Cashew, a finance and payment app.
The Africa People + Planet Fund will support cleantechs from across the continent.
Riyadh Valley Company (RVC), the investment arm of King Saud University, has announced its investment in the Total Growth Platform launched by STV.