Deals and Investment

The initiative will provide both direct loans to companies in Africa, through local financial partners.

In January 2021, our CEO, Iyinoluwa Aboyeji, wrote a letter to you, outlining Future Africa’s bold vision as we continue to build Africa’s future by backing mission-driven startups that are solving Africa’s biggest challenges.

E-commerce logistics firm based in Egypt, Bosta, has raised a $6.7m Series A investment to scale its operations in Egypt and the Middle East. Venture Capital firm, Silicon Badia, led the funding round. Other investors include 4DX Ventures, Plug and Play Ventures, Wealthwell VC, and Khawarizmi VC. The funding is…

Access Bank Plc announced earlier this morning that it has finalised the acquisition of BancABC Mozambique through its wholly-owned banking subsidiary, Access Bank Mozambique SA.

Barely one month after launch, a North Africa fintech startup, Telda, has raised US$5 million pre-seed funding. The fund is expected to help the Egypt-based company solidify its operations. The digital bank was launched by tech entrepreneurs, Ahmed Sabbah, Swvl’s co-founder and former CTO, and Youssef Sholqamy, ex-senior engineer in…