Ghana Innovation Journal
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Revna Biosciences secures grant funding from develoPPP Ventures.
Revna Biosciences, an Accra-based biotechnology startup, has joined the cohort of startups that have secured grant funding from the develoPPP Ventures programme. The grant will enable the company to accelerate its research and development efforts, further enhance its cutting-edge technologies, and expand its portfolio of groundbreaking solutions. What problem is Revna Biosciences solving? Led by
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4DX secures $10.5 million investment from the IFC for its $100M pan-African tech fund.
The Africa-focused venture capital firm 4DX has added the International Finance Corporation (IFC) to its limited partners for its third pan-African Fund. As a limited partner, the IFC has made a $10.5 million equity investment in the fund. In addition to the capital, IFC will work with 4DX Ventures to implement its environmental and social
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Warc Africa raises $7.5 million to improve farmer income and promote regenerative agriculture.
The Ghana-based agricultural service provider Warc Africa has successfully closed its Series B round, securing $7.5 million. The fresh capital raised aims to boost Warc Africa’s reach to serve over 100,000 farmers in Ghana, increase their incomes, and protect the soils. The Swiss family office Kielder Agro led the round, while the US-based catalytic investor
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Ghana Fintech Awards honours 31 fintech players.
The highly anticipated Ghana Fintech Awards, a collaborative effort by the Ghana FinTech and Payments Association, KPMG, and Arkel Limited, was held at Labadi Beach Hotel on 9th March 2024 to celebrate the efforts and achievements of fintech companies and stakeholders as they strive to build a competitive and sustainable ecosystem. Over 80 individuals and
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Wahu Mobility establishes its first electric vehicle assembly plant in Accra.
Wahu Mobility, the electric bike manufacturer, has opened its first electric vehicle (EV) assembly plant in Accra. The company currently boasts over 100 e-bikes and aims to sell over 2000 bikes due to its expanded capacity. Wahu is localizing its knock-down assembly line and the manufacturing of various components. It seeks to achieve 50-80% parts
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Sommalife secures grant funding from GSMA Climate Resilience Innovation Fund.
Sommalife, the shea-focused agtech platform, has been selected as one of the eleven recipients from the GSMA Innovation Fund for Climate Resilience and Adaptation. The GSMA Innovation Fund for Climate Resilience and Adaptation supports digital startups to test innovative use-cases, partnerships and business models to improve the sustainability and scalability of solutions that positively impact
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Viamo bags $50,000 as one of the winners of AI for Climate Resilience in Rural Areas Innovation Challenge.
Viamo, the platform that connects the disconnected, has secured $50,000 as one of the winners of the Moonshots for Development’s AI for Climate Resilience in Rural Areas Innovation Challenge. Moonshots for Development is a partnership among the innovation labs of international financial institutions, CGIAR and the World Food Programme (WFP) Innovation Accelerator to scout and
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Government to set up a Fintech Innovation Fund to foster innovation and spur growth of the industry.
The Governor of the Bank of Ghana, Dr Ernest Addison, has announced the government’s intention to create an Innovation Fund to promote the development of the fintech industry. Speaking on the challenges of the country’s fintech industry at the launch of the 3i Africa Summit, Dr Addision emphasised that lack of funding significantly stunted the
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Tullow partners Innohub to support early and growth stage agriventures in Ghana.
Tullow Oil has entered into a multi-year partnership under its new “Accelerating Progress Through Partnerships” community strategy with the Innohub Foundation to support budding agriculture ventures in Ghana. Being implemented by Innohub, the Tullow AgriVentures Programme (TAP) will identify and support entrepreneurs in setting up and growing their businesses. TAP aims to generate approximately 600
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Injaro successfully closes its GHS 216 million fund to invest in profitable Ghanaian SMEs.
The Ghana-headquartered multi-sector fund Injaro Investment has closed its venture fund at GHS 216 million to invest in “best-in-class” companies, mainly in Ghana and the Ivory Coast. Founded in 2009 by Jerry Parkes and Dadie Tayoraud, Injaro Investments was established to provide the capital that enables SMEs to realise their potential as the drivers of