Kenyan Startup Badili Secures US$400,000 for Refurbished Electronics
Badili secured a US$400,000 debt facility from Proparco to support its refurbished electronics initiative. The startup operates in Kenya, Tanzania, and Uganda, focusing on the resale of used or damaged mobile phones.
VC Firm Equator Raises $55M To Back African Climate Tech
Equator has raised $55 million for its first fund to support early-stage climate tech startups in Africa. The funding environment for African climate tech ventures is tightening due to shrinking aid budgets and reduced capital from development finance institutions.
8 Investors Investing in African EdTech
Education spending in Africa is projected to triple to $740 billion by 2030. EdTech investments in Africa could grow 19 times to $57 billion by 2030.
LoftyInc Capital raises $43m to invest in seed and Series A startups
LoftyInc Capital has reached the first close of its third fund aimed at late seed and Series A startups across Africa. The fund has received backing from development finance institutions such as Proparco and the International Finance Corporation (IFC).
Saviu II, the francophone-focused fund, reaches second close of €25 million to invest in African startups
Saviu Ventures achieved a second close of €25 million for its second vintage fund, Saviu II. The fund received participation from Development Finance Institutions like DGGF and Proparco, as well as AXIAN Investment.
