Mobility startup Opibus secures US$7.5m grant fund to scale its operation

KENYA – Opibus, an electric mobility startup, has raised US$7.5 million in equity and grant funding to help it scale its operations in electric motorcycle and bus manufacturing. The funding round was led by Silicon Valley fund At One Ventures, and further supported by Factor[e]Ventures and Ambo Ventures. It consists of US$5 million in equity and US$2.5 million in additional…

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Kenya’s Twiga clinches US$50m to expand offering with launch of own branded products, boost traceability

KENYA – Twiga Foods, a Kenyan based business to business food distribution company, has closed its US$50 million Series C funding round, aimed to scale its efforts in the East African nation and other neighbouring countries. The funding round was led by private equity firm Creadev and saw participation from repeat investors such as Arica-focused firms TLcom, IFC Ventures, DOB…

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