AIC News

How innovative approaches to angel investing are reducing the massive early-stage funding gap for high-growth ventures in Africa

The $5 million loan, which includes $2.5 million from IFC and $2.5 million from GAFSP, the Global Agriculture Food and Security Program, will enable Kings to complete construction of its factory in Freetown, introduce new fruit juice products, and double its number of employees to 250 over the next three years.

The plant is the culmination of a journey that began in 2018 when Nissan became the first mover in the country to sign a memorandum of understanding with the government to work towards creating the Ghana Automotive Development Policy.

Khazna — a self-described “financial super app” that has raised a $38 million Series A in debt and equity. The company has received a total of $47 million since its inception.

CodeLn is an end-to-end technical recruitment platform, helping companies easily recruit software developers by automating the entire process. It claims to reduce technical recruitment time by 80 per cent.

he government of Africa’s most developed nation is seeking to foster a rebound from the global pandemic, which temporarily shuttered large swathes of the economy and helped push unemployment rates to record levels.

CATAPULT: Inclusion Africa is designed for innovative technology companies focused on financial inclusion in Africa.

The financing round was led by XBTO Ventures, a crypto finance company with a VC arm that invests in digital assets, among other types of startups. New and existing investors such as Humla Ventures, Nabuboto, Ubisoft CEO Yves Guillemot and Pulse Africa founder Leonard Stiegeler participated.

The D.C.-based startup is set to accelerate its growth by signing up more designers on its platform after raising $6 million in seed funding.

Unstoppable Domains, a popular blockchain naming system provider, is putting together a funding round at a valuation of $1 billion, three people familiar with the matter told TechCrunch.