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Medical Credit Fund Raises $37 Million from the Netherlands’ Government, Philips, European DFIs to Boost Financing for SMEs to Fight Malaria, Boost Maternal Health in Africa
Medical Credit Fund, one of the four nonprofit members of the Netherlands-based PharmAccess Group, recently raised a mix of equity and debt totaling EUR 32.5 million to “expand the Fund’s presence and support to healthcare providers in sub-Saharan Africa.”
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Afrikrea Raises $6.2 Million in New Funding, Rebrands to Anka
The e-commerce platform, which aims to bring African-made products to a global audience, has completed a $6.2 million pre-Series A funding round and rebranded to Anka.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, infrastructure
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YC-backed Namibian Startup JABU Gets $3.2 Million for Its B2B E-commerce and Retail Play
As a last-mile distribution e-commerce company, JABU joins a list of startups across the continent that help small retailers order and stock their products and, at the same time, provide data-driven services to suppliers and manufacturers.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, startups
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Financing to Boost Renewables, Energy Access and Efficiency in Côte D’Ivoire
EDFI ElectriFI has backed microfinance institution Fin’ELLE with a €1.5 million ($1.69 million) investment to boost renewable energy, energy access and energy efficiency in Côte d’Ivoire.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Mozambique: $47.09 Million Grant From African Development Fund for Special Agro-Industrial Processing Zone
The grant, from the African Development Fund, will help improve agricultural productivity and agribusiness development in the Niassa province by advancing institutional capacity, skills, and entrepreneurship to spur agricultural value chain growth.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- infrastructure
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Nigerian Ethical Credit-Recovery Fintech Bfree Secures $1.7 Million, Expands to Asia, Europe, South America and Across Africa
Bfree, a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 million in a pre-Series A round.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Tugende Raises $17 Million in Debt to Expand Vehicle, Equipment Financing for MSMEs in Kenya, Uganda
Tugende, a financial technology (fintech) firm specializing in vehicle finance in Uganda and Kenya, recently raised USD 17 million in debt funding.
- Categories
- Finance, Transportation
- Region
- Sub-Saharan Africa
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Press Release: African Development Bank’s SEFA To Provide $1 Million in Support of Botswana’s Energy Transition
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $1 million grant to facilitate Botswana’s transition to clean energy.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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