The IFC and Solcon Capital have announced a partnership to nurture investment in “deep tech” in India and South Africa.
Browsing: IFC
Eskom will lose a portion of the debt relief it was previously allocated after it failed to meet the attached conditions.
CSquared has raised $25-million in new funding from investors including a fund managed by Convergence Partners.
The World Bank Group’s private investment arm and guarantee agency have pledged more support for Safaricom Ethiopia.
Digital insurance start-up Naked Insurance has raised $17-million in a series-B funding round led by development finance institutions.
Lulalend has secured R600-million in new funding through a series-B round it has described as “transformational” to its business.
That may, however, be the high-water mark as a deepening slump in the technology industry reduces the funding pool.
Wiocc Group has secured a $30-million equity investment from the International Finance Corporation as it ramps up investment in fibre networks and data centres.
Branch International plans to become a pan-African digital bank as it sees a growth opportunity in online financial services on the continent.
TradeDepot, a Nigeria-based e-commerce start-up, quadrupled its valuation and is looking at South Africa and Ghana for expansion.