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Seedstars Africa Ventures Gets $30 Million Backing from EIB Global to Invest in Early-Stage Startups
Seedstars Africa Ventures said that while the fund is sector-agnostic, it is keen on startups that address basic needs such as education, healthcare and utilities, or enhancing goods, services and efficiency.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Kenyan Climate Tech Startup Octavia Carbon Secures Funding for Carbon Capture Technology
Octavia Carbon not only pioneers in technological solutions but also provides a platform for the purchase of carbon credits.
- Categories
- Environment, Technology
- Region
- Sub-Saharan Africa
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Report: Mobile Money Transactions in Kenya in 2023 Declined for the First Time in 17 Years
It remains uncertain whether the decline in mobile money transactions might impact Kenya's Gross Domestic Product (GDP) given that mobile money agents reportedly handle approximately 60% of the country's GDP.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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YC-Backed African Fintech Cleva, Founded by Stripe and AWS Alums, Raises $1.5 Million Pre-Seed
Aaron Michael, a partner at 1984 Ventures, expressed support for Cleva’s founders, Tolu Alabi and Philip Abel, noting that their product provides a means for Africans to navigate hyperinflation challenges.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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World Bank Helps Gabon Finance Digital Transformation Project with $68.5 Million Loan
The project aims at create an environment conducive to accelerating digital transformation.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Emerging Africa Infrastructure Fund Acts as Cornerstone Investor to Anchor Zambia’s First Green Bond
EAIF acted as the cornerstone investor of the bond issued by CEC Renewables (CECR).
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Cameroonian Fintech Startup Koree Secures $200,000 Pre-seed Funding
Koree’s solution is aimed at resolving the issue of spare change in cash-dependent economies by offering a card and digital wallet.
- Region
- Sub-Saharan Africa
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Funding Reaches Two-Year Decline as African Startups Raise $3.2 Billion in 2023
Even with the decline in the first three quarters of 2023 compared to the last two years, investment levels remain significantly higher than pre-pandemic levels.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- startups, venture capital
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