Investment
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Mariseth Farms secures $560k from Sahel Capital to support over 8,000 smallholder farmers.
Mariseth Farms has secured a $560,000 working capital loan from Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), to scale its crop aggregation operations and expand fair market access for over 8,000 smallholder farmers, many of whom are women. Renaissance Law Chambers advised SEFAA on the transaction, while Pangea Global Ventures
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mPharma and Sproxil selected for the Bill Gates-backed Investing in Innovation Africa program.
mPharma and Sproxil have been selected to join the third cohort of Investing in Innovation Africa (i3), a pan-African initiative that supports healthtech startups improving access to medicines and pharmacy services across the continent. The two companies are among seven growth-stage innovators chosen this year for their impact in transforming pharmaceutical access and healthcare delivery.
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Tendo bags additional capital from Renew Capital to scale social commerce in Africa.
Tendo, the social commerce platform that enables anyone with a smartphone and a social media account to become an online reseller, has secured additional funding from Renew Capital to further its mission of democratizing entrepreneurship across Africa. The funding will enable the company to expand its platform, onboard more resellers and empower individuals across Africa
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GBHub Africa bets on Greenheart SE to decarbonize agriculture production.
GB Foods’ social impact arm, GBHub Africa, has invested $50,000 in GreenHeart SE, a Ghanaian agritech company that transforms organic biomass waste into carbon-negative agricultural inputs. The investment, structured as a local currency loan with a 5% interest rate in Ghanaian cedis, includes a six-month moratorium and a 60-month repayment period. This funding will enable
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Village Capital, FMO and RVO launch a $4 million facility to back early-stage companies in Ghana, Nigeria, and Tanzania.
Village Capital, in partnership with the Dutch Entrepreneurial Development Bank (FMO) and the Netherlands Enterprise Agency (RVO), has launched the Africa Ecosystem Catalysts Facility, a $4 million initiative to support early-stage, impact-driven companies in Ghana, Nigeria, and Tanzania. The facility will collaborate with locally-led Entrepreneur Support Organizations to source, conduct due diligence, and make investment
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SAYeTECH wins the 2024 MEST Africa Challenge, secures $50,000 investment.
Ghana-based agritech startup SAYeTECH has emerged as the winner of the 2024 MEST Africa Challenge (MAC), securing a $50,000 equity investment to accelerate its growth and impact. The competition, organized in partnership with the Norwegian Embassy, focused on uncovering exceptional agritech companies tackling key agriculture challenges in West Africa. SAYeTECH outshone six other startups from
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Oze secures strategic investment from Visa to double down on boosting SME growth.
Visa, one of the world’s largest payment networks, has made a strategic investment in four African startups, including Ghana’s digital lending platform, Oze. This investment reflects Visa’s dedication to advancing digital innovation in Africa, aiming to foster fintech growth and enhance financial inclusion across the continent. The selected startups—Oze, Workpay, OkHi, and ORD—are alumni of
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Truecoco raises funding from Growth Investment Partners to double down on removing carbon from the air.
Truecoco, an aggregator, processor and commodities trading company based Ghana’s Western Region has secured an undisclosed funding from Growth Investment Partners— an investment vehicle established by British International Investment, the UK’s development finance institution and impact investor. The capital injection will support Truecoco in expanding its soybean processing operations and launching an industrial carbon capture
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Kwame Koranteng joins Sony’s African Innovation Fund as Investment Manager.
Japanese electronics giant Sony has appointed Kwame Kwarteng as Investment Manager for the Sony Innovation Fund: Africa, a key initiative aimed at supporting Africa’s entertainment start-ups. In this role, Kwame will identify and manage investment opportunities that drive innovation across the African continent. Kwame brings extensive experience in venture capital, asset management, and business planning.
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6 Questions with Nicholas Carl Clerk (Investment Ecosystem Development Manager, Renew Capital)
Nicholas Carl Clerk is an Investment Ecosystem Development Manager at Renew Capital, supporting the establishment of Renew Capital’s presence in Ghana through the engagement of investment and development ecosystem actors and the management and execution of private sector consulting and development projects. Nicholas supports the facilitation of gender-smart programs and assists in all aspects of