A regional multilateral development bank established to contribute to the economic development and social progress of African countries.
Acumen’s new $90 million Kawisafi fund to back African climate-tech startups
Acumen's KawiSafi fund has secured $90 million in approved capital for climate solutions in Africa. The fund will support companies providing clean power, sustainable transport, and affordable cooking alternatives.
Uncovered Fund, Monex Ventures partner for $20 million African VC fund
Uncovered Fund and Monex have launched the UMAIP to invest $20 million in African and Middle Eastern startups. The fund will initially invest between $100,000 and $500,000 in 30 companies, reserving half for follow-on rounds.
Japanese Venture Capital Makes Strategic Entry into African Markets with $20M Infrastructure Fund
Uncovered Fund and Monex Ventures launched a ¥3 billion investment vehicle targeting early-stage enterprises in Africa and MENA. The fund focuses on four strategic investment verticals: financial technology, distribution networks, mobility solutions, and sustainability initiatives.
Congo gets AfDB $602,000 grant to rebase GDP, curb debt ratio
The Republic of Congo secured a $602,000 grant from the African Development Bank for national accounts overhaul. The project aims to revise the country's GDP by updating the base year from 2005 to 2008.
Flutterwave CEO: Cross-Border Payments, Key Infrastructure for Africa’s Economic Growth
Flutterwave emphasizes the need for seamless and interoperable cross-border payments to unlock Africa's economic growth. The company provides a unified API for multinational giants like Uber and local enterprises such as Bamboo and Wakanow.
