Insight Partners led a USD46m Series B for Instabug, an Egypt-founded bug reporting platform for mobile developers, with participation from Forgepoint Capital and Endeavor, and follow-on from Accel. Read more… Read More
Phatisa sold its minority stake in Côte d’Ivoire-based bottled water producer Continental Beverage Company to majority shareholder Teyliom International Group for an undisclosed amount. Read more… Read More
Ventures Platform and JAM Fund led a USD1.7m seed round for TopUp Mama, a Kenya-based provider of supplies, financial services and business management tools for restaurants, with participation from Next Billion Ventures, Future Africa, Jedar Capital, HoaQ Fund, First Check Africa and DFS Lab. Read more… Read More
Climate Fund Managers signed an agreement with Freetown Waste Transformers and The Waste Transformers. As part of the agreement, Climate Fund Managers agreed to invest USD3.9m through its Climate Investor Two fund to finance project development activities as well as the purchase and operation of five Waste Transformer units, which… Read More
MARA, a Kenya-based crypto exchange, raised USD23m in equity and token sales from Coinbase Ventures, Alameda Research, Distributed Global, TQ Ventures, DIGITAL, Nexo, Huobi Ventures, Day One Ventures and Infinite Capital and DAO Jones. Read more… Read More
Paradigm led a USD30m Series A for Jambo, a startup building a Web 3 user acquisition platform in the Democratic Republic of Congo, with participation from ParaFi Capital, Pantera Capital, Delphi Ventures, Kingsway Capital and Gemini Frontier Fund. Read more… Read More
Amethis, EBRD and SPE Capital acquired a majority stake in GlobalCorp, an Egypt-based non-banking financial services company, facilitating an exit for Ezdehar. Read more… Read More
Sanlam Investments agreed to manage the South African SME Debt Fund, a vehicle launched by the Eskom Pension and Provident Fund (EPPF) targeting investments in South African SMEs. EPPF committed ZAR350m (~USD22m) to the fund while Sanlam made a co-investment of ZAR50m (~USD3m). Read more… Read More
PayPal Ventures, Kora Capital and Clay Point led a USD50m Series B for Egypt-based fintech Paymob, with participation from Helios Digital Ventures, British International Investment and Nclude, and follow-on from A15, FMO and Global Ventures. Read more… Read More
Inspired Evolution and Schneider Electric agreed to form a joint venture to explore Energy-as-a-Service solutions as well as energy efficiency, microgrid and decarbonization initiatives in Africa. Read more… Read More
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