Funding in Africa
Novastar Ventures fund closes at $108m for investments in East, West African startups
The Novastar Ventures Africa Fund II has held its final close at US$108 million, which will be used to back breakthrough businesses in both East and West Africa. Read more
Funding In East Africa
Clean Technology Fund Injects $10m Into Ethiopia’s Geothermal Capacity
The African Development Bank has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund (CTF), to extend a $10m concessional senior loan for the development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia. Read more
Funding In Southern Africa
SA’s AgVentures raised R100m from SA agrifood business
SA agrifood tech investment company AgVentures has raised an anchor commitment of R100-million from Acorn Agri & Food, a SA agrifood business. Read more
Investment Reports
Latest report: Jordan’s startup funding grows 58% in 2019, investors at a record high
According to 2019 Jordan Venture Investment Report, the Kingdom took the 5th spot by number of investment deals in 2019 (35), accounting for 6% of total deals in the MENA region. The country’s capital, Amman, accounted for the vast majority of those deals. Read more
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Introducing our latest feature writer, Ms Uchenna Agbo who recently wrote an insightful article called ” COVID19: THE MIND OF THE CEO, WHAT EMPLOYEES NEED TO KNOW…“
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