Investment
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Sommalife scores a $10,000 grant as a finalist of the FINCA Ventures Prize Competition.
As one of the third-place winners of the FINCA Ventures Prize Competition, the Wa-based agritech startup Sommalife has secured a $10,000 grant as part of the winning package. The FINCA Ventures Prize supports entrepreneurs with disruptive business models, products, or technologies that create meaningful impact for poor and low-income people in developing markets in the
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Zeepay secures $3 million to strengthen its financial position and support its growth.
Zeepay has secured additional $3 million from Verdant Capital Hybrid Fund as part of its Series A.5 funding round. Verdant Capital Hybrid Fund provided a preferred equity investment for the round, making them the fifth institutional shareholder of the company. According to the Managing Director, Andrew Takyi-Appiah “the new funding raised will be used to
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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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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
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Growth Investment Partners Ghana makes its first investment to support eSAL’s expansion in Ghana.
The British International Investment-anchored fund, Growth Investment Partners Ghana (GIP), has made its first investment in the Ghanaian Business Process Outsourcing (BPO) company E-Services Africa Limited (eSAL). The investment will support eSAL’s growth and its global delivery of cost-effective, high-quality outsourcing solutions for businesses. The investment will provide capital for eSAL to purchase new infrastructure
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fairafric, the farm-to-table organic chocolate company, secures funding from ThirdWay Capital.
The farm-to-table organic chocolate brand fairafric has secured undisclosed funding from the venture-holding company ThirdWay Capital. fairafric successfully distributes its premium organic chocolate in Europe and is positioned to enter other African and North American markets. By 2026, fairafric expects to achieve 10X revenue growth, create more than 300 direct, permanent jobs and have close
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One Plan and Swoove selected for the 2023 Techstars Lagos Accelerator.
Techstars, Africa’s most active startup investor, has announced its second cohort of 12 companies to participate in its pan-African accelerator program in partnership with Lagos-based innovation program ARM Labs. Two Ghanaian companies, One Plan and Swoove, are among the selected companies. One Plan helps workers in Africa’s informal economy create affordable financial plans, making it easier to start a
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3Farmate Robotics bags undisclosed angel investment to fuel the expansion of its precision AI-powered electric robots.
The Ghanaian agritech company, 3Farmate Robotics, has secured an investment from a Silicon Valley investor through the Africa AI ecosystem builder, Alliance4ai.org. Alliance4ai is an AI organization that empowers innovators to tackle its most critical challenges. 3Farmate helps farmers leverage cutting-edge robotics and artificial intelligence to carry out farm operations at reduced costs swiftly. The
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Norfund invests $10.5 million in Miniplast to support its expansion plans across its manufacturing and recycling segments.
Norwegian Investment Fund for Developing Countries (Norfund) has invested $10.5 million in Miniplast Ghana Ltd. to support the company’s expansion plans in the manufacturing and recycling sectors. Miniplast Ghana Ltd is a leading plastics manufacturing company in Ghana and the West African sub-region. Established in 1988, Miniplast specializes in injection and blow molding, with its
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Mirepa Investment Advisors reaches intial close of its Mirepa Capital SME Fund I.
Mirepa Investment Advisors has reached the initial closing of its inaugural fund, Mirepa Capital SME Fund I (MCSFI). The GHS 120 million fund will provide patient capital to Ghanaian small and medium-sized enterprises with a GHS 2.4M – GHS24M ticket size. This milestone marks a significant step forward in providing patient capital to high-growth light