Funding
-
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
-
Small Foundation launches innovative facilities to provide working capital to African fund managers.
Small Foundation, a family foundation focused on catalyzing and scaling income-generating opportunities for people living in extreme poverty in sub-Saharan Africa, has launched two pilot facilities to provide essential working capital to African fund managers. These initiatives aim to help bridge the significant $330 billion annual SME funding gap across the continent. Emerging fund managers
-
Amma Gyampo appointed CEO of Ghana Venture Capital & Private Equity Association.
From February, the Ghana Venture Capital & Private Equity Association (GVCA) will be led by Amma Gyampo, who boasts a wealth of experience in early-stage investing as an angel investor and a startup ecosystem enabler. In the role, Gyampo is committed to minimising investment barriers and enhancing collaboration among fund managers, portfolio companies, equity investors,
-
Tendo Technologies advances to the acceleration phase of the timbuktoo Fintech Accelerator.
Tendo Technologies has been selected among the 20 finalists advancing to the Acceleration Phase of the timbuktoo Fintech Accelerator Programme. The finalists were chosen from the inaugural cohort of 45 innovators who participated in the boot camp to shortlist the startups with the most potential. Over the next five months, the Acceleration Phase will focus
-
Remoteli’s CEO launches Africa’s Next CEO show, offering GHS100,000 startup investment.
Ghana’s entrepreneurial ecosystem is set to witness an inspiring new chapter with the launch of Africa’s Next CEO, a business reality series created to discover and empower the next generation of entrepreneurial leaders. Spearheaded by Samuel Brooksworth, CEO of Remoteli, the series offers a transformative platform for aspiring business leaders to bring their innovative ideas
-
Oyster Agribusiness gets $610,000 follow-on funding from Social Enterprise Fund for Agriculture in Africa.
Sahel Capital, fund manager for the KFW-backed Social Enterprise Fund for Agriculture in Africa, has provided a $610,000 debt facility to Oyster Agribusiness. This working capital loan will enable the company to support more smallholder farmers, enhance productivity, and scale its climate-smart agricultural practices. With this latest round, Oyster’s total funding now stands at $2.92
-
5 startups secure €500,000 from develoPPP Ventures programme to scale their innovative solutions.
Five Ghana-based startups have secured €100,000 each as part of the fourth cohort of the develoPPP Ventures funding programme. Implemented locally by GreenTec Capital Partners and Scio Network, develoPPP Ventures is a growth funding program by the German Federal Ministry for Economic Cooperation and Development (BMZ), which supports high growth young startups with a matching
-
Liquify secures funding from Emerald Africa to provide trade finance for African SME exporters.
The Techstars-backed fintech platform, Liquify has secured debt investment from the Emerald Africa Financing Facility (EAFF) to provide trade finance for African SME exporters. The investment will help grow its loan book to finance the working capital of agriculture-focused exporters. Founded in 2022 by Nadya Yaremenko and Alberta Asafo-Asamoah, Liquify operates as a trade finance
-
Tropo Farms nets $10 million from AgDevCo to scale its tilapia production.
Tropo Farms, the leading tilapia fish producer in West Africa and Sub-Saharan Africa has secured a $10 million long-term investment from the specialist agriculture investor AgDevCo. Ghana has one of the highest fish consumption rates in Africa, consuming over 800,000 tonnes per year. This investment will boost the country’s aquaculture industry to satisfy the growing
-
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