Tage Kene-Okafor
Naked, a South African insurtech company that helps consumers to insure their cars, homes, and valuables, has raised $17 million in Series B funding led by the International Finance Corporation (IFC).
The round welcomed participation from the German Development Finance Institution (DEG), and earlier investors, Yellowwoods and Hollard. The...
As many as 2.8% of Africans are insured, which is less than half the global average of 6.3%, making it the least insured continent in the world. Despite the abysmal number, there’s some good news. According to a McKinsey report, most African countries have experienced double-digit insurance growth...
SunFi, the Nigerian clean tech startup that connects people and businesses who want solar energy access to payment plans that match their needs, has raised $2.325 million in seed funding.
The self-described energy financial tech platform received backing from lead investors Nairobi-based Factor and Sterling Bank’s SCM Capital Asset...
This January, Germany’s largest vaccine maker BioNTech announced that it had agreed to acquire Tunisian-born and London-headquartered AI startup InstaDeep for up to £562 million, including a performance-tied £200 million tranche investment.
InstaDeep’s deal — subject to regulatory approval and expected to close in the first half of this...
Africa, bucking global trends, raised more VC dollars in 2022 than 2021. But its unicorn list stayed stagnant
The African tech scene was met with fanfare in 2021: Venture capital investments in the region totaled between $4 billion and $5 billion and produced five unicorns. In my piece detailing...
The market for cross-border logistics services is said to hit revenues of $32 billion by 2025, with several companies vying for market share in the ever-growing competitive industry. Ghanaian e-logistics startup Jetstream Africa is on the list, and today, it’s announcing that it has secured $13 million in...
Releaf, a Nigerian agritech startup that supplies ingredients (starting with the oil palm) to consumer goods manufacturers and their food factories, has received $3.3 million in an oversubscribed pre-Series A round.
The Jack Ma Foundation-backed startup, which announced a $4.2 million (including a $1.5 million grant) seed raise in...
Sun King, a provider of off-grid solar energy products in Africa and Asia, has secured a $70 million equity investment led by LeapFrog Investments. It’s an extension of the $260 million Series D round the solar company announced this April, which was led by BeyondNetZero, the climate investing...
Ventures Platform, a Pan-African early-stage venture capital firm, has closed its fund at $46 million as it looks to double down on “category-leading” companies across the continent.
The six-year-old firm, which employs 11 people, initially went to the market to raise $40 million for this fund and reached an...
Global payments giant Visa says it will invest $1 billion by 2027 to expand its investments in Africa amidst a digital payments boom on the continent.
Visa chief Al Kelly announced this pledge on Wednesday during the U.S.-Africa Business Forum, a sub-event in the broader U.S.-Africa Leaders Summit, a...
