Funding In East Africa
TELECOMSAirtel Africa at 10: yuMobile subscriber, Tigo Rwanda acquisitions, $1.25bn raise and other milestones
Airtel Africa’s voice, data and mobile money services are driving growth and Transforming Customers’ lives. Airtel Africa provides voice services to 110.6m customers, data services to 35.4m customers and mobile money services to 18.3m customers. Read more
Ethiopian Edible Oils Business Turaco Raises US$22m Growth capital From Proparco
Turaco, the Ethiopian edible oils company and owner of the brand name Tena Oil, has a new funding from the French development financial institution Proparco and the South Africa-based Ethos Mezzanine Partners. The business has announced a US$22 million investment from both investors. Read more
Funding In North Africa
Tana Africa Capital Invests In Egyptian Hospital Operator, MABARET
Leading private equity firm, Tana Africa Capital has announced its investment into Mabaret Al Asafra (“Mabaret”) a leading hospital operator in Alexandria, Egypt. The investment was done through its second fund Tana Africa Capital II (“TAC II”) Read more
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Call For Applications
2020 Mission Billion Challenge: WURI WEST AFRICA PRIZE
The Mission Billion Challenge WURI West Africa Prize seeks sustainable, tech-based solutions that facilitate portable contributions to social insurance programs, such as pensions and savings accounts, by informal sector workers in West Africa. Read more
Orange Digital Ventures launches seed challenge to invest €500k in seven startups[Update]
Orange Digital Ventures’ Africa & Middle East Seed Challenge is aimed at tech-driven startups with high growth potential and has a pool of €500 000 to invest in startups from Cameroon, Côte d’Ivoire, Egypt, Morocco, Senegal, Tunisia and Jordan. Read more
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