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Investment

A collection of 9 posts

Morocco's Chari Receives $1.5 Million To Scale Its Growth

Morocco's Chari Receives $1.5 Million To Scale Its Growth

The investment will give the company the boost it needs to carry out its expansion strategies and build up its ground-breaking infrastructure for financial services for the general public.

Jada Fund Of Funds Commits To Investcorp’s $500M Saudi Pre-IPO Growth Fund

Saudi-based Jada Fund of Funds, a subsidiary of the Public Investment Fund (PIF) has made financial commitments in Investcorp’s $500 million Saudi pre-IPO growth fund. Launched in 2022, the fund invests in a diversified portfolio of companies, based in Saudi Arabia that wish to access the public capital markets

Avanz Capital Egypt Invests $3.5 Million In Logistics Startup Trella, Launches Two New Funds

Avanz Capital Egypt Invests $3.5 Million In Logistics Startup Trella, Launches Two New Funds

Avanz Capital Egypt, a subsidiary of I Squared Capital International has invested $3.5 million in logistics startup Trella. In addition to the investment, the VC is launching two new funds and a commitment to investing in existing funds and companies. This investment makes Trella a significant player in the

AfCFTA: Why Africa should be Every Smart Investor’s Choice Destination in 2023

AfCFTA: Why Africa should be Every Smart Investor’s Choice Destination in 2023

Africa currently accounts for only 2% of global trade, moreover, only 17% of African exports are intercontinental, compared to 59% in Asia and 68% in Europe. As a result, the potential for transformation across Africa is significant. As a result, the AfCFTA is a game changer that will allow the

Moroccan Entrepreneurs in Diaspora to Invest $1.946 Billion in Morocco

Moroccan Entrepreneurs in Diaspora to Invest $1.946 Billion in Morocco

Moroccan entrepreneurs in the diaspora plan to invest $1.946 billion (MAD 21 billion) in Morocco over the next 12 months. Karim Ammor, who presided over a delegation of Moroccan entrepreneurs from around the world (MEMs), revealed this in Casablanca on October 6, stating that investment projects are planned across

Eke Urum's Risevest found guilty of sexual allegation, reinstates CEO position

Eke Urum's Risevest found guilty of sexual allegation, reinstates CEO position

In February 2021, former Head of Marketing, Risevest, Efe Uduigwomen published on Medium about the reasons she left her place of work — the investment company founded in 2019 by Eke Urum (Founder, and CEO as of August 2022); Bosun Olarenwaju (Co-founder and CTO) and Tony Odiba (Co-founder, Head of Product

What Zanzibar Silicon Valley means for Zanzibar and other African governments?

What Zanzibar Silicon Valley means for Zanzibar and other African governments?

On Tuesday, August 30, the Government of Zanzibar announced the launch of ‘Silicon Zanzibar’ in partnership with Wasoko, a B2B e-commerce Company formerly headquartered in Nairobi, Kenya. The Wasoko innovation hub is developed to create an abode for tech companies across Africa. Previously known as Sokowatch, it was named Africa’

Nigerian Mobility startup, Moove closes $10 million round led by NPK Capital to expand across Africa

Nigerian Mobility startup, Moove closes $10 million round led by NPK Capital to expand across Africa

The mobility fintech company Moove has secured a $10 million financing deal from NBK Capital Partners Mezzanine Fund II. This makes the sixth investment from the Fund advised by NBK Capital Partners and the first investment in Africa. Moove is a mobility fintech that is Uber’s exclusive fleet partner

Microtration invests in Pivo

Microtration invests in Pivo

In its first deal for the year, VC firm, Microtraction, has announced an investment in fintech startup Pivo, a financial platform for small and medium-sized businesses. In a Medium post, the firm stated that it was excited to be on the journey with the founders as they work hard to