News
South African HR platform Jem has raised $8.4 million in a Series A led by Quona Capital, as it expands into workforce management for deskless employees.
Propel Africa · 2026-08-19
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Nigerian defence technology company Terra Industries has added $18 million to its seed round, with 8VC joining, to fund a drone factory in Ghana and expansion abroad.
Propel Africa · 2026-08-17
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Egyptian fintech Valu has completed its first corporate bond, a EGP 1 billion issuance in two tranches under a EGP 10 billion programme, with EFG Hermes as arranger.
Propel Africa · 2026-08-17
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Jumia has secured $50 million of new equity, with IFC providing about $25 million and Axian Telecom taking part, to strengthen its balance sheet.
Propel Africa · 2026-08-12
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Loyalty and retention platform Gameball has raised a Pre-Series A from LvlUp Ventures, with the amount undisclosed, according to the investor's own post.
Propel Africa · 2026-08-06
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Moove has raised $250 million in a Series C at a reported $2.1 billion valuation, led by Mubadala, to expand its autonomous fleet operations and depot network.
Propel Africa · 2026-08-05
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Stablecoin payments company Yellow Card has raised $40 million in strategic funding to scale its Global USD Accounts and expand into Latin America and Asia-Pacific.
Propel Africa · 2026-08-04
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Pan-African payments infrastructure company Moment has raised $22 million in a Series A led by AlphaCode Venture Partners, bringing its total funding to $55 million.
Propel Africa · 2026-08-04
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Kenyan macadamia processor Orient Enterprises has received $1 million from Barka Fund, split between preferred equity and a working capital loan, to upgrade its plant.
Propel Africa · 2026-07-29
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Egyptian e-commerce operations platform Fincart has closed an oversubscribed $2.8 million Seed round co-led by Launch Africa and Antler MENAP to expand across MENA and Africa.
Propel Africa · 2026-07-27
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Catalyst Fund has invested in Okoa, an interoperable battery-swapping network for electric motorcycles that launches first in Tanzania, though the amount was not disclosed.
Propel Africa · 2026-07-27
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FMO is lending $30 million in senior debt to M-Kopa's Kenyan e-mobility business to finance pay-as-you-go electric and battery-swapping motorbikes.
Propel Africa · 2026-07-23