VC firm Oui Capital completes US$30m second fund to support Sub-Saharan African firms

NIGERIA – Oui Capital, an Africa-focused venture capital firm based in Lagos and Massachusetts, has announced the completion of the first close of its US$30 million second fund, Oui Capital Mentors Fund II, as part of its efforts to strengthen its footprint on the continent. Angur Nagpal’s Vibe Capital, D Global Ventures, Boston-based One Way Ventures, and Ground Squirrel Ventures…

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Global investor Actis to acquire controlling stake in solar energy provider Yellow Door Energy

MEA – Actis, a global investor in sustainable infrastructure, is set to acquire a controlling stake in the distributed commercial and industrial (C&I) solar platform, Yellow Door Energy Limited (YDE). YDE’s platform is in the Middle East and Africa region with around 200MW of secured production capacity. Closing of the transaction remains subject to obtaining the relevant regulatory approvals. YDE…

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Cloud banking platform Mambu secures investment from 4G Capital

AFRICA – Mambu, a leading cloud banking platform, has secured an investment from 4G Capital, a neobank powering micro and small business growth in Africa. 4G Capital provides unsecured business loans along with enterprise training and access to digital solutions. Mambu’s platform will enable the neobank to scale and expedite its digital journey to meet customer business needs. “Our investment…

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E-commerce platform Homzmart secures US$23m pre-Series B investment

EGYPT – Homzmart, a one-stop shop platform for furniture and home goods, has landed a pre-Series B investment of US$23 million recently, bringing its total investments up to almost US$40 million. The latest fund included the participation of STV — the region’s largest technology VC fund — along with other prominent investors, such as Impact46, Outliers Ventures, Rise Capital, and…

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EBRD to invest US$19m green bond for Morocco’s national railway operator

MOROCCO – The European Bank for Reconstruction and Development (EBRD) has announced a €19.2 million (US$19.50m) investment in a green bond issue by Morocco’s national railway operator Office National des Chemins de Fer du Maroc (ONCF). The investment in a certified green bond of €95 million (US$96.50m) by the rail operator will be utilised for the refinancing of debt used…

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Access Bank secures US$280m investment from DFC to support SMEs

NIGERIA – DFC, the U.S. International Development Finance Corporation, is set to invest US$280 million in Access Bank in Nigeria alongside Access Bank Managing Director Roosevelt Ogbonna. The loan will help address the financing gap for small- and medium-sized enterprises (SMEs) and advance financial inclusion in Nigeria, including through the bank’s commitment to supporting women-owned and -led businesses. “DFC’s investment…

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Investment platform Seedstars Capital launches its second seed fund for emerging markets

MENA – Seedstars Capital, an alternative investment platform focused in emerging and frontier markets, has announced US$20 million first closing of its second seed fund for emerging markets, Seedstars International Ventures II. Over the next three years, this vehicle intends to invest in a hundred companies in the pre-seed and seed stages across African, Asian, the Middle Eastern and North…

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Solar systems provider d.light secures US$50m investment to expand its PAYG business

AFRICA – d.light, a pioneering manufacturer and provider of renewable energy solutions, has received a new US$50 million investment from an international lender consortium. The consortium is comprised of Mirova SunFunder, TDB (Trade and Development Bank), and FMO, the Dutch entrepreneurial development bank. The investment is structured as a balance sheet debt facility and will allow the company to continue…

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Stllr Network secures investment for regional expansion

EGYPT – Stllr Network, the largest network of vetted freelancers and teams in MENA, has secured a six-figure investment after a public beta launch from 500 Global, angel investors through Women Spark and Falak Angels. Other participants include backers from the KSA Ministry of Investment, ex-Microsoft and Oracle leaders, Accenture, Emkan and the Digital Cooperation Organisation. The fresh funds will…

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Swedfund invests US$45m in two private credit funds to support sustainable economic growth

AFRICA – The Swedish development finance institution, Swedfund has invested US$45 million in two private credit funds to support sustainable economic growth and gender equality. Swedfund is investing in two leading Africa-based credit funds BluePeak Private Capital Fund (BluePeak) and Vantage Mezzanine Fund IV (Vantage), to increase the availability of long-term growth capital for mid-sized companies and support the upscalling…

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