Africa Venture Firm Janngo Capital Raises $78 Million For Its Second Fund
Janngo Capital closed its second fund at €73 million. Main backers include African Development Bank Group and European Investment Bank.
Investors increases support to $6.65 million for SA’s private sector renewable energy initiative
EIB and DBSA commit an additional €100 million each to the renewable energy initiative. Total funding for the initiative now stands at €600 million ($665.39 million).
TLcom Capital closes second fund at $154M to back early-stage startups across Africa
TLcom Capital closes its second fund, TIDE Africa Fund II, at $154 million, positioning itself as Africa's largest investor in seed and Series A. The oversubscribed fund attracted participation from notable investors such as the European Investment Bank, Visa Foundation, Bertelsmann, and AfricaGrow.
TLcom Capital closes $154 million fund for early-stage African startups
TLcom Capital closes its TIDE Africa II fund at $154 million, surpassing its funding target after a two-year delay. The fund is focused on early-stage startups and is twice the size of TLcom's first fund.
TowerCo of Africa Uganda Secures $40M to Boost Rural Connectivity
TowerCo of Africa Uganda secures $40 million investment to bridge the digital divide in Uganda. The funding will enhance mobile phone network coverage in underserved rural areas.
