Tag Archives: Investment

Investment: Latest News

  • Top Sub-Saharan African Countries For Education Investment In 2018

    By Kurt Davis Jr., 3:07 am AFKI Original

    Sub-Saharan Africa is home to the youngest population in the world, and educating these young people is a priority across the continent. By 2022, approximately one in four children may be enrolled in private schooling, suggesting that the time for investing in the sector is today. All that said, private investment in schools is still limited by capital and operational engagement from investors, but this is set to change.

  • Why Pay-As-You-Go Solar Companies Are Raising Big Bucks In Africa

    pay-as-you-go By Tom Jackson, 5:02 am AFKI Original

    A number of African pay-as-you-go solar companies have attracted investment in recent times, and continue to grow at a fast pace. East African company M-KOPA Solar is amongst the best funded, and recently raised another $80 million to be used over the next three years to finance installations in one million homes, on top of the 500,000 already connected. But what makes solar companies in Africa so attractive to large-scale investors.

  • South African Fintech Company Receives $24M Investment Earmarked For Expansion

    South African fintech company - JUMO software developers in Kenya. Photo - iAfrikan By Peter Pedroncelli, 5:43 am

    South African fintech company JUMO has secured a $24 million loan facility which will be dedicated to the firm’s expansion into Africa and Asia. The substantial investment was provided by London-based Gemcorp Capital along with Finnish development finance company Finnfund, which contributed $6 million of the $24 million. The financial services platform for emerging markets, analyzes user data collected from mobile phones and offers tailored financial products based on that analysis.

  • Village Capital And PayPal Launch 2018 Investment-Readiness Program For African Fintech Startups

    African fintech startups - Peer selected startups in the 2017 Village Capital Fintech Africa program, PiggybankNG and Olivine Technologies. Photo - Village Capital By Peter Pedroncelli, 6:37 am AFKI Original

    African fintech startups have yet another opportunity to strive towards sustainability with the launch of the Village Capital Fintech Africa 2018 program, in collaboration with PayPal. The U.S.-based venture capital fund’s annual investment-readiness program, which is geared towards supporting African startups focused on financial health, is looking to fill a cohort of 10-12 companies from Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, and Uganda.

  • 10 Tech Startup Finalists In The Seedstars Harare Competition

    myRunner was the winning tech startup at the Seedstars Harare Competition. Photo - Twitter By Peter Pedroncelli, 9:52 am AFKI Original

    The Seedstars Harare Competition served as the Zimbabwean leg of the global early-stage startups competition for emerging markets took place at the end of October, with 10 of the best startups vying to be the representative from Zimbabwe for the global final event next year. Seedstars World, which describes itself as the world’s biggest startup competition in emerging markets, holds these events in over 65 countries before winners are selected to take part in a grand final.

  • Investor That Backed Uber And Airbnb Invests In New York And Nairobi-Based Agri-Tech Company

    agri-tech company - Investor That Backed Uber And Airbnb Invests In New York and Nairobi-based Agri-Tech Company. Photo: africarenewal By Peter Pedroncelli, 5:06 am

    New York and Nairobi-based agri-tech company, Gro Intelligence, has secured funding from alternative asset firm TPG’s middle market and growth equity platform, TPG Growth. The agricultural analytics business announced Series A-2 financing led by TPG Growth, alongside Data Collective and unnamed strategic family offices. With global investment in food and agribusiness growing fast, demand for insightful, reliable data on the sector has never been greater, and this is where Gro Intelligence comes in.

  • 9 Tech Startup Finalists In The Seedstars Dakar Competition

    MaTontine is the winner of the Seedstars Dakar competition. Photo - DisruptAfrica By Peter Pedroncelli, 5:15 am AFKI Original

    The Seedstars Dakar Competition served as the Senegalese leg of the global early-stage startups competition for emerging markets. The competition took place at the end of September, with 9 of the best startups aiming to be the representative from Senegal for the global final event next year, with more African countries taking part than ever before. Seedstars World holds these events in over 65 countries before winners are selected to take part in a grand final.

  • Airbnb Investing $1M In African Tourism Projects To Empower Communities

    Stylish Cape Town apartment listed on Airbnb. Photo: airbnb - Tourism projects By Peter Pedroncelli, 4:50 am

    Airbnb has made a commitment to invest $1 million in community-led tourism projects across the African continent over the course of the next few years. Airbnb, the mobile app-based hospitality booking site which allows people to make their homes or spare rooms available to visiting guests for a fee, will invest $1 million in community-based African tourism projects between 2018 and 2020.

  • Uber To Invest $20M In Egypt Support Center Over The Next Five Years

    Uber To Invest $20M In Egypt Support Center Over The Next Five Years By Peter Pedroncelli, 5:13 am

    Uber is committing itself to the Egyptian market despite economic difficulties in the country, announcing a new support center in the capital that will see an investment of $5 million. The taxi-hailing startup has launched a support center in Cairo, with $5 million set to be spent on the project over the next five years, creating employment for 700 Egyptians as a result. Uber had two million users and provided jobs for 60,000 drivers in Egypt last year.

  • Tech Startup Andela Secures $40M In Funding To Connect African Coders With US Firms

    African startups - connect African coders By Peter Pedroncelli, 5:51 am

    Andela, a startup that trains and outsources African coders to work for global firms, has secured a Series C round of funding to continue the company’s expansion. The Lagos and Nairobi-based startup that recruits Africa’s best software developers has successfully raised $40 million in the most recent round of funding. The substantial investment was led by Pan-African venture firm CRE Venture Capital, while other investors include DBL Partners, Amplo, Salesforce Ventures, and Africa-focused TLcom Capital.

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