Ascent
Funding Venture Capital

African Private Equity Fund Manager Ascent Announces Close of Ascent Rift Valley Fund II

African private equity fund manager Ascent has announced the first rolling close of its Ascent Rift Valley Fund II (ARVF II) at

Funding

CardinalStone Capital Advisers Closes Maiden Private Equity Fund at $64m, Makes First Fund Investments

CardinalStone Capital Advisers (CCA), a Lagos-based private equity fund manager, has announced the final close of its maiden private equity

AVCA
Appointment

African Private Equity and VC Association (AVCA) Appoints New Chief Executive

The African Private Equity and Venture Capital Association (AVCA) has appointed Abi Mustapha-Maduakor as its new chief executive. She will

SAVCA
Appointment Venture Capital

Southern African Venture Capital and Private Equity Association (SAVCA) Appoints New Chairman

The board of directors of the Southern African Venture Capital and Private Equity Association (SAVCA) has announced the appointment of

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.

Jetstream
News

Ghanaian Cross-border Logistics Startup, Jetstream Secures $13m in Equity and Debt

Jetstream Africa, the Ghanaian cross-border logistics startup, has secured $13 million in equity and debt pre-Series A financing.  Fintech lender

Venture Capital Women

ShEquity Recieves $1.2m Grant From USAID Trade Hub

ShEquity Partners, an investment firm that promotes women’s entrepreneurship in Africa, has received a $1.2 million co-investment grant from the

GetEquity
Funding Venture Capital

GetEquity Launches Dealroom Product to Accelerate African Venture Funding

GetEquity, a Lagos-based technology startup redefining the venture capital and startup financing landscape, has announced the launch of Dealroom — a suite

Zembo
Funding Investment Venture Capital

Ugandan Electric Mobility Startup, Zembo Secures $3.4m From InfraCo Africa, DOB Equity and Mobility 54

Zembo, a Ugandan electric mobility startup, has secured a $3.4 million investment from InfraCo Africa, DOB Equity and Toyota’s Mobility 54 to

Sahl
Funding Investment Venture Capital

Egyptian Mobile Bill Payment App, Sahl Secures $6m Investment

Sahl, an Egyptian mobile bill payment app, has raised $6 million in Series A and seed funding to act as