Venture Finance
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Accion Ventures promotes Africa-focused investor Jasiel Martin-Odoom to Principal.
Accion Ventures has promoted Ghanaian investor Jasiel Martin-Odoom to Principal, four years after he joined the investment firm to lead its Africa-focused investment activities. Martin-Odoom joined Accion Ventures in 2022 as Africa Investment Officer, with responsibility for identifying and backing inclusive fintech companies across African markets. His move to Principal gives him a more senior…
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4DX Ventures promotes Harriet Adinkrah, one of its early hires, to principal.
4DX Ventures, the New York, Accra and Cairo-based pan-African VC firm, has strengthened its leadership bench by promoting one of its early hires, Harriet Adinkrah, to Principal. Her promotion comes at a time when women remain underrepresented in senior investment roles across Africa’s private capital industry. According to the Gender Diversity in African Private Capital…
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ProPartners set to launch GHS 2.4 million crowdfunding note to finance Ghanaian SMEs.
Propartners, a licensed crowdfunding intermediary and platform in Ghana, is set to launch the first tranche of its corporate debt note programme on October 1. The GHS 2.4 million campaign will raise capital from investors to finance two Ghanaian SMEs. In a press statement shared with Ghana Innovation Journal, Propartners said the launch will be…
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IFC provides $2.4 million convertible loan to Complete Farmer to scale agricultural finance in Ghana.
The International Finance Corporation (IFC), in partnership with the Business Investment Financing Track, is providing Complete Farmer with a $2.4 million convertible loan to expand its agricultural financing model. The financing will support Complete Farmer’s efforts to finance agricultural inputs and agronomy services for farmers. IFC is also providing $660,000 in advisory and grant support…
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FIDO bags $200,000 from UNCDF to scale digital finance for MSMEs.
The United Nations Capital Development Fund (UNCDF) has committed a $200,000 grant to FIDO to expand digital financial services for women and youth-led micro, small and medium-sized enterprises across Ghana. The funding marks the second phase of a partnership under the Joint SDG Fund Programme on Leveraging Digital Ecosystems for Increased MSME Productivity. The programme…
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The CapTable: How Pangea went from advising Eden Tree to investing in the company.
Pangea Global Ventures did not set out to invest in Eden Tree. When the investment firm first got involved, its job was much simpler: help Eden Tree’s existing investor, I&P, find a buyer for its stake in the Ghanaian food company. So Pangea started calling investors. The conversations kept coming, but the right investor did…
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Ghana has a startup financing problem; Ashesi is showing what action looks like.
Ghana has spent years talking about the need to increase financing for startups and SMEs. The funding gap is well documented. What is less visible is institutional capital actually moving into vehicles designed to finance the next generation of businesses. Ashesi University offers a useful counterexample. Over the last two year’s the university’s endowment has…
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Ashesi University doubles down on African VC, joins Ventures Platform’s $84 million Fund II.
Ashesi University Foundation is deepening its commitment to African venture capital, joining Ventures Platform’s second pan-African fund as a limited partner. The commitment marks Ashesi Foundation’s second investment in an African venture capital fund, following its investment in Janngo Capital. The move positions the Ghanaian institution as an increasingly active participant in Africa’s private capital…