News
Kampala logistics platform Ridelink has closed an oversubscribed $1.1 million pre-seed with Morgan Stanley, Digital Africa, Orbit Ventures and others to deepen AI automation.
Propel Africa · 2025-11-17
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South African commercial solar provider SolarSaver has raised $60 million in equity, led by Inspired Evolution's Evolution III Fund, to scale its solar and battery systems for businesses.
Propel Africa · 2025-11-12
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Cape Town digital lender Lula has secured a R170 million local-currency loan from IFC, about $10 million, to provide working capital to thousands of South African small businesses.
Propel Africa · 2025-11-11
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Kenyan electric motorbike company Enzi Mobility has agreed a deal with Kula worth $3.5 million, made up of $2 million in equity and a $1.5 million in-kind blockchain technology stack.
Propel Africa · 2025-11-06
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Tunisian sustainable tourism marketplace WildyNess has raised an undisclosed strategic pre-seed round co-led by Bridging Angels and the African Diaspora Network.
Propel Africa · 2025-11-06
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Solar and storage provider Sawa Energy has raised 2.5 million euros, about $2.9 million, from ElectriFI through its Uganda Country Window to serve businesses in Uganda and Rwanda.
Propel Africa · 2025-11-05
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Tunisian insect-protein producer NextProtein has closed a Series B of 18 million euros, about $20.7 million, co-led by SWEN Capital's Blue Ocean Fund and British International Investment.
Propel Africa · 2025-11-04
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FroggyTalk, a communication app for Africans abroad, has raised a 300,000 euro seed round led by the SI3 Fund of Shaping Impact Group to scale infrastructure and local tools.
Propel Africa · 2025-11-04
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Angolan mobility startup Anda has raised a $3.4 million seed round co-led by Breega and Speedinvest to formalise the country's motorcycle taxi industry through drive-to-own financing.
Propel Africa · 2025-11-03
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Ugandan electric motorcycle startup GOGO Electric has received a $1 million reinvestment from EDFI ElectriFI to expand its battery-swap network, taking total backing to $2.6 million.
Propel Africa · 2025-11-03
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South African battery maker maxwell+spark has raised a $15 million Series B led by Klima and Alantra, with Chevron Technology Ventures and Idemitsu joining.
Propel Africa · 2025-10-27
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Nigerian payments company Moniepoint has added $90 million to close a $200 million round, with Visa named as a strategic investor alongside LeapFrog.
Propel Africa · 2025-10-21