A member of the World Bank Group, IFC provides financial and technical assistance to private sector projects in developing countries.
Flat6Labs and Tamwilcom Launch Accelerator to Fuel Morocco’s Tech Startup Ecosystem
Flat6Labs has entered Morocco, marking a significant development in the startup ecosystem. The new accelerator program focuses on sectors like AgriTech, FinTech, GreenTech, AI, and digital health.
LoftyInc Capital Secures $43 Million for Africa’s Emerging Tech Startups
LoftyInc Capital Management announced the first close of its LoftyInc Alpha Fund, securing $43 million. The fund focuses on fostering growth in Africa's emerging tech startups, particularly in Nigeria, Egypt, Kenya, and Francophone Africa.
LoftyInc Capital raises $43m to invest in seed and Series A startups
LoftyInc Capital has reached the first close of its third fund aimed at late seed and Series A startups across Africa. The fund has received backing from development finance institutions such as Proparco and the International Finance Corporation (IFC).
Kobo360 investors sell equity to ex-CEO Obi Ozor as struggles mount
Kobo360 raised approximately $79 million but has seen a dramatic decline in operations. Co-founder Obi Ozor has repurchased shares and taken on ₦10 billion in debt to revive the company.
South Africa Insurtech Naked Raises $38M to Expand AI-Powered Insurance
Naked secured a $38 million Series B2 funding round. Total funding raised by Naked exceeds $69 million.
