Proparco
Funding Investment SMEs

Proparco Invests €10m in AfriInvest’s New SME Fund

Proparco has announced a €10 million investment in the latest fund dedicated to small and medium-sized enterprises (SMEs) from AfricInvest,

Proparco
Product Launch

Rubyx Launches ‘Lending as a Service’ For African Microfinance Startups With Proparco Support

Proparco has granted a €400,000 loan to Rubyx through the Bridge by Digital Africa facility. This will enable the African

Proparco
Funding Investment Venture Capital

Proparco Supports Egypt’s Startups With Investment in DisrupTech Ventures

Proparco, a subsidiary of the AFD Group focused on private sector development, has announced an investment in an early-stage venture

d.light
Funding Investment Renewable Energy Startup

Solar Energy Startup, D.light Secures $10m in Equity Financing From Proparco

D.light, a leading innovator of solar energy products, has raised US$10 million in equity financing from Proparco.  This latest funding

PROPARCO
Funding Investment Venture Capital

PROPARCO and Bpifrance Unveil New Fund to Promote Development of Private Equity Industry in Africa

Bpifrance and Proparco have announced the first closing of Averroès Africa, their fourth private equity fund of funds for Africa.

Equator
Venture Capital

Equator Secures $55M to Boost Climate Tech Startups in Africa

Equator, a venture capital firm with operations in Kenya and the UK, has closed a $55 million fund to support

LoftyInc
News Venture Capital

LoftyInc Capital Secures $43m First Close for New Fund

LoftyInc Capital Management has announced the first close of $43 million for its LoftyInc Alpha Fund, a late-seed investment vehicle

Saviu Ventures
News Venture Capital

Saviu Ventures Announces Closing of its 2nd Fund at €25m

Saviu Ventures, an historical player in the Francophone Africa Venture Capital industry, recently achieved a second close of EUR 25

IFC
News

IFC Invests in Equator Africa Fund I to Support African Climate Sector Tech Businesses

International Finance Corporation (IFC) has announced an investment in Equator Africa Fund I, marking its first-ever venture capital fund focused

Ecobank
Competition Fintech

Ecobank Group Announces Top Finalists for the 2024 Ecobank Fintech Challenge

Ecobank, the pan-African Bank, has announced the top finalists for the first-ever and inaugural 2024 Ecobank Fintech Challenge Hybrid Semi-Final