Funding
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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…
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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…
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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…
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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…
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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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Blossom Academy secures funding to train data professionals for the digital economy.
Blossom Academy has secured a grant from the Internet Society Foundation for its “Building Data Professionals for Internet Opportunities” program. This funding will enable the organization to equip underemployed professionals in Ghana with essential data and leadership skills, helping them unlock freelance and consulting opportunities and ultimately increase their incomes. As part of the program,…
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Kofa Technologies to expand its battery swapping network with a £3.8 million funding commitment from Shell Foundation and the UK Government.
Kofa Technologies, the pioneering Ghanaian company re-engineering energy access through clean, portable battery solutions, has partnered with PASH Global, a leading impact investor, to significantly expand Kofa’s battery swapping network across Ghana. The ambitious expansion project is supported by a £2.35 million investment from Shell Foundation, co-funded by the UK Government’s Transforming Energy Access (TEA)…
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Akofresh’s CEO named as a 2024 Anzisha Prize winner, securing $10,000 in prize money.
Akofresh’s CEO, Mathias Charles Yabe has been recognized as one of the winners of the prestigious 2024 Anzisha Prize, a leading youth entrepreneurship initiative for entrepreneurs between 15 to 22 years in Africa. Mathias was awarded the prize for job creation through his innovative agribusiness, AkoFresh, which is making a significant impact in Ghana’s agricultural…
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Teachers Fund’s buy-now-pay-later platform Credit Mall launches smartphone financing scheme.
Credit Mall, a subsidiary of the Teachers’ Fund, established to provide consumer credit to members of the Ghana National Association of Teachers (GNAT), has launched a smartphone financing initiative aimed at making smartphones more accessible to Ghanaians. Why This Initiative Matters Despite Ghana’s expanding digital landscape, smartphone accessibility remains a significant challenge. As of 2020,…
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ManoCap Energy secures $20 million to expand its commercial & industrial solar business in West Africa.
The Ghana—and Sierra Leone-based renewable energy investment company ManoCap Energy has secured $20 million in long-term debt financing from the Mirova Gigaton Fund to offer businesses renewable energy solutions. What does ManoCap Energy do? ManoCap Energy is a vertically integrated commercial and industrial independent power producer operating in West Africa. It specializes in replacing diesel…