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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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Press Release: Global Blended Finance Volumes Reach 5-Year High
The global network for blended finance, Convergence, has released the 8th edition of the State of Blended Finance report.
- Categories
- Investing
- Region
- Global
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Kubik Reportedly Becomes First Ethiopian Company To Earn A Multi-Million-Dollar Investment In Climate And Sustainability Solutions
Ethiopian sustainable tech startup Kubik has scored a first for the country: According to a press release sent to AFROTECH, it has raised $5.2 million in a seed round.
- Categories
- Environment, Investing
- Region
- Sub-Saharan Africa
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Renda, Which Provides Order Fulfillment for Businesses in Africa, Takes in $1.9 Million
Renda, which simplifies order fulfillment and retail distribution for businesses in Africa, has secured a $1.9 million pre-seed round.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- distribution, MSMEs, startups
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ThriveAgric and Acorn Rabo Bank Join Forces to Generate $56 Million in Carbon Revenue for 30,000 Nigerian Farmers
Africa holds immense potential for carbon credits, yet it currently captures only 2% of its capacity.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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Nigeria’s Chowdeck Raises $2.5 Million Seed Funding to Optimise On-Demand Food Delivery
Chowdeck is a Nigerian on-demand food delivery startup.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- startups