Member News
14 July 2025
Verdant Capital completes a US$3mn investment in Bfree
The investment will support Bfree’s distressed loan portfolio financing in Africa, thereby improving the credit scores of the distressed borrowers, enabling them the access to credit from financial institutions in the future.
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Member News
10 July 2025
Alitheia Capital et al. invest in Hinckley E-Waste Recycling
Alitheia Capital and Goodwell Investments are pleased to announce their investment in Hinckley E-Waste Recycling Ltd. This impact-focused funding will enable the award-winning, Nigeria-based recycler to create a healthier environment, safer jobs, and improved livelihoods throughout its region of operations.  
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Member News
9 July 2025
IFC and Proparco back Helios Sports and Entertainment
Washington, D.C., July 9, 2025: In a significant move to accelerate job creation and enhance the competitive sports and entertainment sector in Africa, IFC, a member of the World Bank Group, and Proparco, a subsidiary of the Agence Française de Développement Group (AFD Group), today announced an equity investment of up to $50 million in Helios Sports and Entertainment (“HSEG”), an investment vehicle dedicated to sport, media and entertainment across Africa.
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Member News
7 July 2025
Sahel Capital invests in a Kenyan-based fish processing company
Sahel Capital, a leading food and agriculture-focused investment manager in sub-Saharan Africa, has closed a $1,000,000 loan facility—comprising $800,000 for capital expenditure and $200,000 for working capital—through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The investment supports SEFAA’s mission to expand economic opportunities for smallholder farmers by empowering the social enterprises that serve them.
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Member News
7 July 2025
Development Partners International signs US$190mn investment into Egypt’s private healthcare group
London and Cairo, 07, July 2025 – Development Partners International (“DPI”), through funds it advises, and co-investors, have signed a binding agreement for a $190 million minority stake investment in Alameda Healthcare (“Alameda” or the “Group”), Egypt’s leading private healthcare group (the “Transaction”). The Transaction, which is primarily a capital increase, is subject to obtaining the relevant regulatory and other approvals and is expected to close in Q3 2025.
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Member News
6 July 2025
TLG Capital et al. invest US$6.5mn in Nairobi-based Ark Group
Kenya’s SME financing ecosystem has just marked a significant milestone. TLG Capital, a leading private credit fund specialising in sub-Saharan Africa, has finalised a first-of-its-kind SME transaction with the Development Bank of Kenya.
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Member News
17 June 2025
P1 Ventures and LoftyInc Capital back Salus Cloud
Over the last 15 years, Andrew Mori has built technology products and led engineering teams for businesses across Africa. After leaving Konga, where he was the eCommerce company’s Director of Technology, he started Deimos, a cloud solutions provider that has previously been named one of Africa’s fastest-growing companies.
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Member News
12 June 2025
AfricInvest leads R200mn funding round for Nile with a co-investment from FMO
AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF), has led a R200m funding round for Nile.ag, a leading agricultural technology platform, with a co-investment from FMO, the Dutch entrepreneurial development bank, as well as renewed support from existing investor, Platform Investment Partners.
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Member News
3 June 2025
Bpifrance and Flat6Labs back WaterTech startup
Congratulations to Kumulus Water on raising €3.1M in seed funding!
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Member News
23 May 2025
British International Investment invests US$5mn in electric motorbike company
We are delighted to support ARC Ride which provides affordable, reliable and clean e-mobility solutions for rapidly developing cities in Kenya. The company is addressing the challenge by providing battery-as-a-service solutions that can reduce the upfront cost of electric two-wheelers and enables quicker battery swaps. Our $5m investment will fund the roll-out of 5,000 electric two-wheelers also known as Boda Boda, and expand ARC Ride’s battery swapping network across East Africa.
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Member News
22 May 2025
AfricInvest, FMO, and Norfund back East African financial group
Nairobi, Kenya, 21st May 2025 - I&M Group PLC has completed the capital raise of KES 4.19 billion from the sale of 86.5 million new ordinary shares to East Africa Growth Holdings (EAGH), a Mauritius-domiciled special purpose vehicle backed by leading global impact investors AfricInvest, FMO, and Norfund.
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Member News
21 May 2025
XSML Capital provides senior secured debt to a Zambian hotel
XSML Capital has provided senior secured debt to Latitude 15°, a boutique hotel in Lusaka, Zambia, to support the addition of new rooms, enhanced conference facilities, and the installation of a solar energy system.
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Member News
19 May 2025
The Africa50 Infrastructure Acceleration Fund acquires a significant stake in Mass Céréales al Maghreb
Casablanca - May 19, 2025 – The Africa50 Infrastructure Acceleration Fund (Africa50 IAF) has signed a share purchase agreement to acquire a significant stake in Mass Céréales al Maghreb (MCM), a key player in Morocco's grain handling and port logistics sector, which is expected to mark the first investment by the Fund.
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Member News
16 May 2025
AfricInvest co-leads EUR13.5mn Series B round for a a lifesaving technology platform
AURA, a lifesaving technology platform making emergency response services more accessible and affordable, has raised a €13.5 million Series B funding round co-led by the Cathay AfricInvest Innovation Fund (CAIF) and Partech. This latest round, which brings AURA’s total funding to €21 million, will fund the company’s expansion into the United States and the development of a global “clearing house” to dispatch emergency response without borders.
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Member News
15 May 2025
Aruwa Capital Management invests US$1.5mn in safety footwear manufacturer
Aruwa Capital Management, a growth equity and gender-lens fund investing in Nigeria and Ghana, is pleased to announce a $1.5 million investment in Yikodeen Company Limited ("Yikodeen" or the "Company"), a leading local manufacturer of safety and industrial footwear company. Aruwa Capital was the sole investor in the round and completed the investment from its sophomore fund, Aruwa Capital Fund II.
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Member News
13 May 2025
BII, FMO, Swedfund, and SIFEM jointly commit to a private credit fund
BluePeak Private Capital, a leading alternative asset management firm dedicated to small—and medium-sized growth companies, has secured a $80 million first close for its new fund. BluePeak Private Capital Fund II (BPCF II) is an impact-driven private capital fund that seeks to provide its investors with superior risk-adjusted returns and downside protection by investing in scalable businesses operating in Africa across several sectors. The fund is the successor to BluePeak Private Capital Fund I.
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Member News
13 May 2025
IFC announces investment in AfricInvest Group's Small Cap Fund
IFC - International Finance Corporation is investing in AfricInvest Group's Small Cap Fund. This investment is part of IFC's SME Ventures program and its mission to help close the financing gap for SMEs in emerging economies – in Africa alone, private equity investment remains among the lowest globally, representing only 3% of total investments in emerging markets.
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Member News
7 May 2025
Norfund backs Aruwa Capital and Ventures Platform portfolio company
Norfund has made its first direct equity investment in African fintech through OmniRetail, a Nigerian technology platform that provides small shops in Nigeria, Ghana, and Côte d’Ivoire with access to credit, fast product delivery, and digital payment solutions.
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Member News
7 May 2025
DEG invests EUR13mn in Amethis Fund III
DEG is investing EUR 13 million in Amethis Fund III, continuing its long-standing partnership with Amethis. The fund focuses on North and Sub-Saharan Africa, supporting mid-sized companies across key sectors such as healthcare, FMCG, manufacturing, business services, financial services, and infrastructure-related industries.
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Member News
29 April 2025
Renew Capital invests in Tendo
Renew Capital invests in Tendo to empower individuals to launch ecommerce businesses through social media with no upfront capital investment in inventory.
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Member News
23 April 2025
AHL Venture Partners et al. back agri-commodity trading business
Blue Earth Capital (“BlueEarth”), a global specialist impact investor, today announces a $ 25 million private credit commitment to Robust International (“Robust”), a leading global processor and exporter of agricultural commodities focused on cashew and sesame seeds. The investment, in which BlueEarth’s investment vehicles participated alongside co-investors AHL Venture Partners and Ceniarth, marks BlueEarth’s third sustainability-linked loan and will help Robust improve its in-country sourcing capabilities, increase value-addition processing capabilities in Nigeria, and support sustainable growth for smallholder farmers.
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Member News
15 April 2025
FSD Africa Investments commits GBP10mn to ARM-Harith
Nairobi, 15 April 2025, 10AM EAT: FSD Africa Investments (FSDAi), the UK-backed specialist development finance investor, is investing GBP 10 million into ARM-Harith’s Climate and Transition Infrastructure Fund (ACT Fund) to unlock local institutional capital for climate infrastructure. ARM-Harith Infrastructure Investment Limited is a leading African private equity firm committed to catalysing economic growth through sustainable infrastructure.
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Member News
9 April 2025
AfricInvest leads US$4mn investment in a fintech company
Build Ventures, Axian Group, Mistral, Island Capital Partners, Concrete, and others contribute to the round to fund accelerated growth in payment operations automation.
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Member News
8 April 2025
Sahel Capital backs agribusiness company
Sahel Capital, an investment manager specialising in the food and agriculture sectors across sub-Saharan Africa, has provided a $500,000 working capital loan to Tafalo, through its Social Enterprise Fund for Agriculture in Africa (SEFAA).
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Member News
7 April 2025
Verdant Capital commits additional US$4.5mn to LOLC Africa
The investment will support LOLC’s global expansion strategy in Africa, by financing MSMEs, thereby fostering financial inclusion, employment creation, income generation, and economic growth.
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Member News
3 April 2025
Janngo Capital, Oikocredit, and Enza Capital in digital banking deal
Djamo is one of several digital banking startups targeting Africa’s underbanked. But unlike many that focus on large markets like Nigeria, Egypt, or South Africa, Djamo has carved out a niche in Francophone West Africa, specifically the Ivory Coast and, more recently, Senegal. It now serves over 1 million customers across both countries.
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Member News
2 April 2025
PIC commits US$40mn to Africa50
Casablanca, Morocco, 2 April 2025 - Africa50 Group, the pan-African infrastructure investor and asset manager, today announced that the Public Investment Corporation (PIC), representing the Government Employees Pension Fund (GEPF) of South Africa, has made an investment of US$40 million, becoming its 36th shareholder.
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Member News
25 March 2025
Renew Capital invests in a payment service provider
JOHANNESBURG, South Africa, March 25, 2025 – NjiaPay, a payment service provider (PSP), is changing the payment landscape for South African businesses. NjiaPay offers a single integration for merchants, eliminating the need to manage multiple integrations. With features like intelligent routing, built-in redundancy and centralized reconciliation and data management, NjiaPay ensures a seamless payment experience and enhanced payment success rates.
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Member News
20 March 2025
DEG is increasing its stake in Mediterrania Capital fund
DEG is continuing its long-standing collaboration with Mediterrania Capital Partners and is increasing its stake in the latest fund Mediterrania Capital IV Mid-Cap by a further EUR 15 million, bringing the total amount invested to EUR 25 million. The private equity fund invests across core sectors essential to economic development in North Africa and French-speaking markets in West Africa.
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20 March 2025
Swedfund commits EUR15mn to the AfricInvest Small Cap Fund
Swedfund has committed EUR 15 million to the AfricInvest Small Cap Fund, a private equity initiative focused on supporting small and medium-sized enterprises (SMEs) across Africa.
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Member News
13 March 2025
Africa50 et al. to launch US$500mn DRE Nigeria Fund
Bridgetown, Barbados, 12 March 2025 – The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA) and Africa50 today announced an innovative partnership for a US$500 million DRE Nigeria Fund to develop and finance distributed renewable energy (DRE) projects in Nigeria. NSIA, SEforALL and Africa50 signed the Fund’s Heads of Terms agreement at the SEforALL Global Forum in Barbados.
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Member News
12 March 2025
IFC partners with Standard Bank to provide US$250mn loan for green building and affordable housing in South Africa
Johannesburg, South Africa, March 12, 2025 – To support the construction and purchase of green buildings and homes in South Africa, including in the affordable housing sector and for women home-owners, IFC today announced a loan to The Standard Bank of South Africa Limited (Standard Bank), the country’s largest bank by asset value.
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Member News
11 March 2025
IFC backs Kazyon Group
Cairo, Egypt, March 11, 2025 – IFC is extending its partnership with Kazyon Group to support the development and expansion of Morocco’s discount grocery retail sector, improving access to quality food and creating tens of thousands of jobs, especially for young people and women in rural areas across the country.
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Member News
8 March 2025
Norfund's Climate Investment Fund invests in South African energy platform
The Climate Investment Fund is investing in a new South African platform for renewable energy, operated by Pele Green Energy Group. The capital will finance projects that will avoid 1.9 million tons of CO2.
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Member News
7 March 2025
Alterra invests in Java House
7 March 2025 - Leading African private equity firms Alterra and Phatisa have signed agreements to acquire 100% of Java House Africa (“Java House” or the “Company”) from emerging-market investor Actis, for an undisclosed sum. The investment marks a significant milestone in Java House’s growth journey, reinforcing its position as a category leader on the continent.
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Member News
3 March 2025
Sahel Capital invests US$400k in MM LEKKER through working capital loan
Sahel Capital, a prominent investment manager in the food and agriculture sector in sub-Sahara Africa, has successfully closed an investment of US$400,000 working capital loan through its Social Enterprise Fund for Agriculture in Africa (SEFAA). SEFAA aims to stimulate economic activities among smallholder farmers by empowering the social enterprises that engage with them.
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Member News
25 February 2025
Alterra Capital Partners acquires majority stake in East African travel group
Nairobi, Kenya / Johannesburg, South Africa – Alterra Capital Partners (“Alterra”) is pleased to announce a strategic investment in ARP Africa Travel Group (“ARP Africa”), partnering with the founding family to accelerate expansion across East Africa and beyond.
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Member News
20 February 2025
BII, Swedfund and Norfund invest US$85mn in the specialist investor transforming agriculture across sub-Saharan Africa
British International Investment (BII), the UK’s development finance institution and impact investor, alongside Swedfund and Norfund, have announced a joint $85 million investment in AgDevCo, the specialist investor transforming agriculture across sub-Saharan Africa. The equity investment comprises up to $50 million from BII, $20 million from Swedfund, and $15 million from Norfund, with the funding aimed at supporting high-impact agribusinesses to increase productivity and improve food security in rural areas.
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Member News
20 February 2025
ARAF portfolio receives investment from BII 
British International Investment has announced an additional $4 million investment in SunCulture, a Kenya-based company that designs, manufactures, finances, and services solar energy systems and irrigation equipment.
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Member News
19 February 2025
Renew Capital and Janngo Capital lead investment in Dabchy’s Pre-Series A funding round
Tunis, February 18, 2025 – Dabchy, the pioneering circular e-commerce marketplace for second-hand fashion and goods in the Middle East and North Africa (MENA) region, announces the successful closing of a pre-Series A funding round – a substantial seven-figure investment that ranks as the third largest by an international venture capital firm in Tunisia over the past two years. The round was led by Janngo Capital, Africa’s largest gender-equal tech VC fund, recently backed by the Tunisian Fund of Funds ANAVA, alongside strategic co-investors, including the American venture funds Renew Capital and Village Capital. Several committed business angels also participated, including Karim Beguir, the founder of InstaDeep, one of Tunisia’s most renowned startups.
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Member News
13 February 2025
European Investment Bank, Proparco, et al. invest in African fund
During the EIB Group Day, the European Investment Bank (EIB) and Investisseurs & Partenaires (I&P) announced the signing of a financial partnership worth €15 million for the new I&P Afrique Entrepreneurs 3 (IPAE 3) fund. The signing ceremony was attended by EIB Vice-President Ambroise Fayolle as well as Jérémy Hajdenberg and Sébastien Boyé, co-CEOs of Investisseurs & Partenaires (I&P).
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12 February 2025
Raenest secures US$11mn series A with backing from Ventures Platform, P1 Ventures, Seedstars Africa Ventures, et al.
Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with participation from Norrsken22, alongside follow-on investment from Ventures Platform, P1 Ventures, and Seedstars. This equity-based capital injection brings Raenest’s total venture funding to $14.3M.
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11 February 2025
Renew Capital and Enza Capital back Affinity in US$8mn seed round
Accra & London, February 11th, 2025 - Affinity Africa announces it has raised US$8 million in an oversubscribed Seed Round led by Grazia Equity and BACKED VC to accelerate its mission of delivering affordable and accessible financial services to the underserved and unbanked communities. The digital banking platform, which focuses on individuals and micro, small, and medium enterprises (MSMEs), officially launched in Ghana in October 2024 and has onboarded over 50,000 customers to date, 65% of whom never had access to formal banking products and over 60% are women operating in the informal sector.
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Member News
7 February 2025
Sahel Capital provides US$500k loan to Agriarche to support smallholder farmers in Nigeria
Sahel Capital through its Social Enterprise Fund for Agriculture in Africa (SEFAA), has provided a $500,000 working capital loan to Agriarche LLC, a Nigerian company dedicated to improving market access for smallholder farmers.
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Member News
6 February 2025
Proparco and FMO invest in sustainability-focused fund
Proparco supports Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investment, which is gathering a coalition of investors to support developments in regenerative agriculture, agroforestry, and sustainable forestry in emerging markets. These targets are closely aligned with Proparco’s recently developed Natural Capital strategy.
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5 February 2025
Axian and Proparco invest in VC fund
Saviu Ventures, one of the leading Venture Capital firmsin Francophone Africa, has reached the second close of Saviu II, its second fund, with support from institutional investors including the Dutch Good Growth Fund, Proparco, and AXIAN Investment, to continue investing in the region's most promising startups.
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5 February 2025
Adiwale Partners invests in West African producer of organic pineapple juice
Mauritius/Abidjan, 5 February 2025 – Adiwale Fund I announces its investment in Jus Délice, the leading West African producer of organic pineapple juice and concentrate, based in Togo. This investment will enable the financing of a new production line and the exit of Moringa, a fund established by Edmond de Rothschild, and a majority investor in the company since 2018.
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30 January 2025
Verdant Capital announces the completion of its US$2mn mezzanine investment in UsPlus
The investment will support UsPlus’ expansion of working capital solutions tailored to Small to Medium Enterprises (SMEs) operating across various critical sectors in South Africa.
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23 January 2025
DEG invests in South African online insurance platform
DEG is providing South African online insurance platform Naked with USD 4 million in equity capital. This new injection of capital will support the company’s growth by deepening its investment in automation and AI, product and market expansion, and enhancing advertising to attract and grow its customer base. DEG first invested in Naked in 2023. The total volume of the current round of financing is approximately USD 38 million. The investors also include global impact investor BlueOrchard and the existing backers IFC (a member of the World Bank Group), Yellowwoods and Hollard.
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Member News
23 January 2025
Nigerian banking services platform is backed by Lightrock, DPI, BII, et al.
Visa has joined African fintech Moniepoint as a new investor. The business banking and payments platform confirmed to TechCrunch that it received a “strategic investment” from the global payments giant as both companies look to drive financial inclusion and support the growth of small and medium-sized enterprises (SMEs) across Africa.
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22 January 2025
Adiwale Fund I announces a follow-on investment in Enko Education
Mauritius/Abidjan, 22 January 2025 - Adiwale Fund I (“Adiwale”) announces a follow-on investment in Enko Education, a group of African international schools, to support its expansion across the continent. With 16 schools across 10 African countries (Botswana, Burkina Faso, Cameroon, Côte d’Ivoire, Mali, Mozambique, Senegal, South Africa, Togo and Zambia), Enko Education is the largest network of International Baccalaureate schools in Africa. It provides quality education to 7,500 students, half of which are female.
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21 January 2025
Renew Capital invests in a fintech company 
NAIROBI, Kenya, January 21, 2025 — Sevi, a fintech company regulated by the Central Bank of Kenya, is revolutionizing stock financing for wholesalers and retailers through its “stock now, pay later” platform. Sevi addresses the challenge of insufficient working capital by providing users with access to credit while ensuring suppliers are paid upfront.
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14 January 2025
Novastar Ventures backs Sistema.bio
London and Nairobi, January 14, 2024—Sistema.bio, a global leader in the delivery of biogas technology, financing, and services for family farmers worldwide, announces Novastar Ventures as its newest investor. Novastar has joined Sistema.bio’s recent internal financing round of USD 7.75 million with a USD 3.5 million investment. This will accelerate Sistema.bio’s expansion into new African markets, new agricultural and energy products and its overall growth.
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