-
Press Release: TLcom Leads $6 Million Series A in African InsureTech Platform, Pula
Nairobi, Kenya. 25 January 2021. Pula, an African InsureTech service provider startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6mn Series A fundraise. The Series A fund was led by TLcom Capital, with the participation of Women’s World Banking. The new investment will be used to scale up operations in the company’s existing 13 markets across Africa. Currently, Pula has impacted over 4.3mn farmers on the continent and the new funding will also help propel its expansion into Asia to power resilience and profitability for Asian smallholder farmers.
- Source
- Wimbart
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
-
African Development Bank, European Investment Bank Seal Deal to Enhance Africa’s Development
The African Development Bank (AfDB) and the European Investment Bank (EIB) yesterday signed a joint partnership action plan on how to boost public and private sector investment in Africa.
- Categories
- Environment
- Region
- Sub-Saharan Africa
-
African Tech Startups Raise Over $700 Million in 2020 Despite Pandemic
African tech startups raised more funding from more investors than ever before in 2020 despite the Covid-19 pandemic.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
-
Rwanda Moves to Stimulate Transition to Electric Vehicles on Local Market
The Rwanda Environment Management Authority (REMA) has called upon the public and private institutions as well as individuals to consider shifting to electric vehicles and join the effort to beat air pollution.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Miga Issues $26 Million in Guarantees to Escotel Mauritius’ Solar Investment
The Multilateral Investment Guarantee Agency (MIGA) has issued guarantees of up to $25.6 million to Escotel Mauritius covering its investments in solar power generation in Liberia and Sierra Leone for a period of up to ten years.
- Categories
- Energy
- Region
- Sub-Saharan Africa
-
Innovex Closes an Equity Investment With Gaia Impact Fund, a VC Fund Dedicated to Renewable Energy Entrepreneurs
Innovex, a Uganda-based startup enabling pay-as-you-go and remote monitoring for solar companies, closed a Series Seed Round with an equity investment from Gaia Impact Fund.
- Categories
- Energy, Entrepreneurship
- Region
- Sub-Saharan Africa
-
Starsight Gets $10 Million Funding to Expand Solar Power Solutions in Nigeria, Ghana
A Helios and AIIM-backed solar power solutions firm, Starsight Energy, said it has obtained a $10 million financing that would enlarge its current senior debt facility in a bid to scale up its generation capacity and services in the Nigerian and Ghanaian markets.
- Categories
- Energy
- Region
- Sub-Saharan Africa
-
Why the Silicon Valley-Style Investment Approach Isn’t Best for African Startups
One of the long-running tensions in the African startup investment ecosystem has been whether the Silicon Valley funding model, which seems to have been transferred wholesale to Africa’s very diverse and different tech hubs, is right for the continent’s tech hubs at this stage in their development.
- Categories
- Technology
- Region
- Sub-Saharan Africa
Parent Organization
