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African Mobility Fintech Company Moove Secures $10 Million Financing From NBK Capital Partners
Moove, the African mobility fintech company, has today announced the closing of a US$10 million financing facility from NBK Capital Partners, strengthening the company’s mission to democratise vehicle ownership across Africa.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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Tiger Global and Greycroft Back Nigerian Investment App Bamboo in $15 Million Round
The average Nigerian only has a handful of ways to save and invest. Building a portfolio of stocks, particularly U.S. stocks, is one way they can hedge against inflation and currency devaluation.
- Region
- Sub-Saharan Africa
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Norrsken, VCs and 30 Unicorn Founders Set Up $200 Million Fund to Back Growth-Stage Startups in Africa
Niklas Adalberth’s Norrsken Foundation is in the news again barely two months after opening its Norrsken House in Kigali, Rwanda, which plans to accommodate thousands of entrepreneurs by next year.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Bboxx Secures $14 Million Loan to Finance Solar Home Systems in Kenya
Off-grid renewable energy provider, Bboxx has secured a loan of USD 14 million from SBM Bank (Kenya) Ltd., to provide clean and affordable energy to nearly half a million people in Kenya, through off-grid solar home systems.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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FinDev Canada Invests $13 Million in Energy Entrepreneur Growth Fund for Clean Energy Access in Africa
Canadian investor FinDev Canada is providing $13 million to the Energy Entrepreneur Growth Fund (EEGF). This funding will be reinvested in early-stage electricity access providers operating in sub-Saharan Africa.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- energy access
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Clean Energy Firm Husk Signs UN Energy Compact as it Begins Solar Mini-Grid Expansion in Nigeria, Rest of Africa
Husk Power Systems, a clean energy company that has been at the forefront of fueling rural electrification since 2008, is planning to launch 500 solar mini-grids in Nigeria over the next five years.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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TLcom Capital Raises $70 Million to Back African Tech Startups
TLcom Capital, a venture capital firm, says it has secured $70 million for its $150 million funding to invest in African tech-enabled businesses.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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The Beyond the Grid Fund for Africa Signs Its First Projects in Liberia
The two first agreements under the EUR 108 million facility have been signed with companies promoting energy access for low-income customers in the rural areas of Liberia.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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