Kenya’s Hillcrest School Sold Out to GEMS Education For USD 25 Mn

Fanisi Capital, a private equity firm has undergone an agreement to sell Kenya’s Hillcrest Schools to Dubai-based GEMS Education for Ksh

January 10
Uganda’s SolarNow Raises USD 9 Mn For Off-Grid Solar Systems Deployment

Kampala-based SolarNow, a company retailing and financing solar home systems, has closed a USD 9 Mn debt deal in a

January 10
VC Firm Oui Capital Emerges – USD 10 Mn And Costless Mentorship For African Tech Startups

Ex-Investment Vice President at Ingressive Capital, Olu Oyisan has launched his own VC firm to fund early-stage tech startups in

January 9
Iflix Sells African Business To Econet

Malaysia-based digital entertainment platform Iflix has sold out its Africa-focused service, Kwese Iflix, to Econet – a global telecoms company.

January 3
No Focus On Exits Yet; Africa Tech Ventures Raises USD 7.5 Mn from AfDB

Africa Tech Ventures (ATV) has received a significant capital injection from the African Development Bank (AfDB) as the Board of Directors

December 21
Amidst Rumored Financial Constraints, Wakanow Raises Nigeria’s Biggest Non-e-commerce Round Of USD 40 Mn From Carlyle Group

Nigeria-based online travel agency Wakanow has just raised USD 40 Mn from Global alternative asset manager Carlyle Group, and this

December 21
Two Kenyan Health Startups Secure USD 80 K From Villgro

A duo of Kenyan health startups comprising Maisha Meds and Turaco has been given fund grant totaling USD 80 K

December 21
South Africa’s Naspers Leads USD 1 Bn Round In Indian FoodTech Startup Swiggy

Just three days after announcing its big round in India’s Edtech startup Byju’s; Naspers today announced another investment in yet another

December 20
Malawian, Ugandan And Burundian Companies Get USD 2.8 Mn From MasterCard

In an effort to support projects that expand financial inclusion in rural Africa and redeem long-awaited pledges, the MasterCard Foundation

December 20
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Tunisia’s Magasin Général Acquires Majority Stake In eCommerce Startup Founa

According to reports, Tunisian eCommerce platform, Founa, has been added to the portfolio of Magasin Général; a leading retailer in

December 20