Inspiring Africa's Sustainable Business Growth
EGYPT – i’SUPPLY, a digital B2B multi-seller marketplace operating in the pharmaceutical industry, has raised US$1.5 million in its pre-Seed round of funding to connect pharma businesses with small and medium wholesalers and pharmacies for the purpose of financing. The pre-Seed round was led by Disruptech Ventures and included participation from other investors as well. “With an initial launch late…
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KENYA – KCB Bank Group has announced that it has issued a KSh336 billion (US$2.77bn) in green loans over the last one-year to support projects that protect the environment. Transition to green financing helped push the bank’s green loan book portfolio from 4 per cent in 2020, to 8.4 per cent in 2021. Sectors invested heavily include real estate, renewable…
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SOUTH AFRICA – Strove, a health technology start-up, has concluded its most recent investment round, which was headed by a venture capital (VC) fund from Japan called Lifetime Ventures, to grow its operations. The capital raise would assist the acceleration of software development as the team continues to create its platform for holistic wellbeing. “We are excited to have closed…
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EGYPT – Roboost (formerly known as Tayar), Egypt’s delivery management system, has acquired a six-figure seed round of investment from Falak Startups, AUC Angels, and a follow-on funding from Flat6Labs. Roboost’s AI delivery management system will be improved, and its product portfolio will be expanded as a result of the new fundraising round, which will expedite the company’s growth. “We…
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DRC – The United States Agency for International Development (USAID) has allocated renewable energy company Baobab+ US$1.5 million to grow in the Democratic Republic of the Congo (DRC), giving access to electricity to enable access to finance. “We sincerely thank DIV for their support. This grant was key to our development. It allowed us to expand in the DRC and…
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