News
FINCA Ventures has awarded $400,000 in grants to six African startups across fintech and agriculture, with Kenya's VunaPay and Kumbatia Seafood taking first place.
Propel Africa · 2026-10-07
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Ivorian EV charging company EV.Tech has secured an undisclosed investment from Enko Capital to grow its network of 70 charging stations.
Propel Africa · 2026-09-27
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Kenyan solar irrigation company SunCulture has closed a $10 million securitisation of its customer receivables, with senior financing from the Mirova Gigaton Fund.
Propel Africa · 2026-09-24
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Cape Town's HisWay Labs, maker of the TrackView rail-integrity system, has secured a strategic investment from Octoco Group ahead of international expansion.
Propel Africa · 2026-09-23
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Electric motorcycle company Spiro has secured an extra $18 million in debt from the Africa Go Green Fund to expand its battery-swapping network in Uganda and Rwanda.
Propel Africa · 2026-09-22
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Egyptian payments company Paymob has raised $35 million in a Pre-Series C round co-led by Mubadala and the EBRD, as its revenue from Gulf markets grows sevenfold.
Propel Africa · 2026-09-21
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Ghanaian agritech platform Complete Farmer has secured a $2.4 million convertible loan co-led by IFC and BIFT, plus $660,000 in technical assistance and grant support.
Propel Africa · 2026-09-18
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South African SME lender UsPlus has issued a R50 million (about $3 million) social bond, with the African Local Currency Bond Fund as investor.
Propel Africa · 2026-09-18
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Mini-grid developer PowerGen has received a $5 million mezzanine investment from All On to move more of its Nigerian renewable energy projects from development to delivery.
Propel Africa · 2026-09-16
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Cameroonian health tech company Waspito has won the $250,000 Grand LEAP Award, the largest single prize at the LEAP tech conference in Riyadh.
Propel Africa · 2026-09-15
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Abuja-based Noma Services has secured a $650,000 structured debt package from SEFAA, managed by Sahel Capital, to scale its aggregation of staple crops.
Propel Africa · 2026-09-15
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Egyptian AI company Synapse Analytics has raised a $13 million Series A led by Partech to grow its risk-decisioning software for banks and other regulated lenders.
Propel Africa · 2026-09-14