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Nigerian fintech startup Raenest has completed the acquisition of Remitise, a UK-based payments company, for an undisclosed amount to expand its regulatory footprint and gain greater control over its global payments infrastructure.
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For 33 years, Jensen Huang was more than the CEO of Nvidia. To founders, investors, and builders across the global AI ecosystem, he was the industry's biggest champion, its most aggressive check-writer, and its most powerful validator.
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Nigerian off-grid energy startup Okra Solar has secured a US$7 million debt facility from British International Investment (BII) to accelerate clean energy access. Founded in 2016, Okra provides mesh-grid technology for off-grid communities
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Ethiopian AI-powered fintech Kifiya has secured an investment of undisclosed size from the International Finance Corporation (IFC) as it looks to expand access to agricultural finance.
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Nigerian solar-powered cooling startup Koolboks has secured a credit facility from TLG Capital, which it will use to fund inventory and expand its retail and appliance partnerships.
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Pan-African venture capital (VC) firm Enza Capital has reached the first close of its third fund, the AI Africa Fund, securing around US$21 million, or 35 per cent of its US$60 million target.
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South African civic-fintech Jumpstarter Crowdfunding is helping entrepreneurs, creatives and social impact organisations raise seed funding directly from their communities through a reward-based, all-or-nothing crowdfunding model.
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Full-stack electric vehicle ecosystem for gig workers, Baaz Bikes is set to raise its Series B funding round led by BIG Capital, with participation from existing investor Kalaari Capital and Aravind Sanka.
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The Villgro Africa MedTech Innovation Programme is looking for locally-led, invention-based enterprises developing tech-enabled medical hardware that addresses healthcare needs.
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South African cross-border payments startup Lumepay has raised US$6 million in pre-seed funding, alongside US$10 million in capital float, as it builds institutional-grade payment infrastructure for African businesses.
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Norwest, a firm backed solely by Wells Fargo, has raised a $4 billion fund as it sets out to invest more in AI. This is the eighteenth fund for the 65-year-old multi-stage investment firm, and its largest to date.
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