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Techstars-Backed BlackCopper Set Out to Disrupt Lending, Now It Owes Investors ₦1 Billion
Despite its bright start and significant press coverage, BlackCopper soon faced an existential crisis: it could not recover over 60,000 loans disbursed to customers.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- digital finance, failure, fintech, lending, startups
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UBA Gets Sh37 Billion Loan From Parent for SMEs
UBA Kenya joins the growing list of lenders directing money towards small businesses.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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OpenseedVC Announces First Close of $10 Million Fund to Back Early-stage African Operators
OpenseedVC is a venture capital firm that plans to support operator-launched startups in Africa and Europe with their first investment.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- startups, venture capital
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Maad Raises $3.2M Seed Amid B2B E-Commerce Sector Turbulence in Africa
Maad, a B2B e-commerce startup based in Senegal, has secured $3.2 million debt-equity funding to bolster its growth in the western Africa country and to explore fresh opportunities in the wider Francophone region.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, startups
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Press Release: Mediterrania Capital Partners Completes Exit Process from TGCC as it Approaches €1 Billion Capitalisation Milestone
Mediterrania Capital Partners (MCP), a Private Equity firm focused on growth investments for SMEs and mid-cap companies in North and Sub-Saharan Africa, announces it has completed its exit process from TGCC, a leading construction and civil engineering company based in Morocco.
- Categories
- Investing
- Region
- North Africa & Near East
- Tags
- housing, infrastructure
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$100 Million (R1.9 billion) Investment Boon for Mobile Games, Films in South Africa
Investment company Talent10 Holdings, in collaboration with the Industrial Development Corporation (IDC), has committed over $100 million (almost R1.9 billion) to develop a new entertainment and gaming franchise in South Africa.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Press Release: $425 Million Invested into the Global Off-Grid Solar Sector in 2023, a 43% Drop Versus 2022
By contrast, investment into the productive use of renewable energy doubled when compared to the previous year. The amount needed for the industry to fulfil its contribution to universal energy access by 2030 would need to be seven times higher.
- Categories
- Energy, Environment, Investing
- Region
- Global
- Tags
- off-grid energy, solar
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Press Release: Capria Ventures Closes India Opportunity Fund Post Successful Sale of Awign
Capria Ventures, a Global South specialist venture capital firm, announced the successful completion of fundraising for its India Opportunity Fund at INR 153 crore (~USD 19M).
- Categories
- Investing
- Region
- South Asia
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