South Korean Startup CAST Wins Special Award at GITEX Africa 2025
CAST, a South Korean startup, received a special prize from the International Finance Corporation during the Supernova Challenge. The award included a cash prize of $10,000 USD.
2025 SME Financing Trends: What Entrepreneurs Need to Know
Less than 15% of SMEs in South Africa gain access to debt funding from traditional banks. The International Finance Corporation estimates a $30 billion funding gap for South African SMEs.
Equator secures $55M to fund Africa’s early-stage climate tech startups
Equator closes a $55 million fund to support early-stage climate tech startups in Africa. Investments will target sectors like energy, agriculture, and mobility to promote sustainable development.
Naked Raises $38M to Redefine South African Insurance
Naked raised $38 million in Series B2 funding, its largest capital raise to date. The funding round was led by BlueOrchard with support from Hollard, Yellowwoods, IFC, and DEG.
IFC Commits $25M to Acumen’s Fund for Expanding Energy Access in Africa
IFC commits up to $25 million to Acumen’s H2R Fund. H2R Fund aims to electrify 72 million people in Sub-Saharan Africa over ten years.
