East Africa’s Startup Funding Surge: Kenya’s Dominance and Regional Investment Trends
East Africa secured 31% of total investment in 2020, with a marginal lead over West Africa. Since mid-2022, East Africa has accounted for 30% of all funding, surpassing other regions.
AfDB to commit $10M to KawiSafi Fund II to support Africa's climate startups
The African Development Bank Group (AfDB) will commit $10 million to the KawiSafi II Fund. The investment will come from the Sustainable Energy Fund for Africa (SEFA).
d.light Secures $176 Million to Expand Affordable Off-Grid Solar in East Africa
d.light announces closure of new securitisation facility Facility will acquire receivables amounting to USD$176 million from Kenya, Tanzania, and Uganda
African Startup Investment Inches Towards $1 Billion as Egypt, South Africa, and Kenya Clutch New Deals
Over $970,612,550 have been invested in African Startups in 2024. Egypt’s Dopay, South Africa’s TurnStay, and Kenya’s d.light have announced new investments totaling $189.8M
