Yaga has secured €4 million in pre Series A funding to accelerate its secondhand fashion marketplace across the Middle East and Africa, marking a significant step in advancing sustainable fashion in high growth markets. Led by Specialist VC with participation from H&M Group Ventures, Trind Ventures, Startup Wise Guys, and key angel investors, this funding…
The West African Development Bank (BOAD) has marked a historic milestone with the successful issuance of a €1 billion bond with a 15-year maturity, setting a new benchmark as the longest euro-denominated bond ever issued by an African Multilateral Development Bank. This groundbreaking achievement reflects strong investor confidence in BOAD’s strategic vision and financial resilience,…
Spiro has achieved a historic milestone in Africa’s mobility sector with a landmark $100 million investment round, the largest ever in the electric two-wheel segment. Led by The Fund for Export Development in Africa (FEDA), this funding recognizes Spiro’s dominant leadership in battery-swapping technology and its mission to accelerate the transition to clean, cost-effective transportation…
South African AI innovation is stepping onto the global stage as Locstat secures EUR2.5 million (US$2.3 million) in pre-Series A funding to accelerate its expansion into the United Kingdom and the European Union. This strategic investment, led by Portugal Gateway Fund (PGF) and ANZA Capital, will power Locstat’s go-to-market strategy and reinforce its position in…
Madica has taken a strategic leap in advancing Africa’s innovation landscape through its latest investment in two AI-powered startups from North Africa, expanding its mission to foster inclusive growth within underserved tech ecosystems. The selected startups, Anavid from Tunisia and Hypeo AI from Morocco, will receive up to $200,000 in funding and enter Madica’s intensive…
Nokia and Fibertime have announced a landmark collaboration to expand fibre-to-the-home (FTTH) coverage to an additional 400,000 premises across South Africa’s underserved townships. This initiative, unveiled on October 6, 2025, marks a major stride toward bridging the digital divide and improving broadband accessibility in communities that have historically been left behind. The rollout will harness…
Egyptian renewable energy startup Tagaddod has raised $26.3 million in Series A funding to accelerate its expansion across Africa, Asia, and Europe, while strengthening the global biofuel supply chain. The round was led by The Arab Energy Fund (TAEF), alongside strategic participation from FMO, Verod-Kepple Africa Ventures (VKAV), and A15 Ventures. The investment reinforces growing…
The Central African Republic (CAR) has officially joined the Africa Finance Corporation (AFC), marking a significant milestone in its journey toward economic transformation and infrastructure development. With this addition, the AFC now counts 46 member states, further expanding its reach and impact across the continent. The Corporation also boasts over 47 shareholders, including sovereign states,…
