Inspiring Africa's Sustainable Business Growth
KENYA – Holged, a leading private education provider in Tunisia and Morocco, has announced plans to expand to Kenya and other African countries. This is after securing funds from Africa50, a Pan-African infrastructure investment platform. The firm offers a K-12 education system, an American tutoring system that includes kindergarten and 12 years of basic education such as six years of…
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KENYA – Family Bank in Kenya, a commercial bank, is teaming up with mobility start-up BasiGo, to pre-finance the purchase of its electric buses. Family Bank wants to support mobility start-up BasiGo in promoting sustainable transportation, as part of its CSR (Corporate Social Responsibility) approach. The partnership will offer BasiGo’s electric bus customers a flexible financing option that includes covering…
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EGYPT – Trella, a B2B trucking marketplace, has secured a further significant debt facility from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC) to support the growth of its operations. ALMA’s debt financing, backed by the DFC guaranty, will support the expansion of Trella’s platform for MSME truckers in lower-middle-income countries Egypt and Pakistan, where MSMEs…
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AFRICA – Crypto investment startup Pillow has raised US$18 million in Series A funding co-led by Accel, Quona Capital, Elevation Capital and Jump Capital. Elevation Capital was also the first Seed investor in Pillow, having led the round in 2021. Founded in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, the Pillow platform is a community of more than…
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NIGERIA – Nigerian fintech startup, Maplerad has raised US$6 million in seed funding led by Peter Thiel’s Valar Ventures. The fund will enable the acquisition of more customers for Maplerad, enhance the process to get additional licenses and build its team, as well as deepen its reach across Africa. Other investors were Golden Palm Investments Corporation, Michael Vaughn — ex-COO,…
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