Novastar Ventures closes $147 million fund for African startups
Novastar Ventures closed its third fund, raising $147 million for the Africa People and Planet Fund III. The new fund is a 40% increase from the previous fund, which closed at $108 million in May 2020.
Hamilton Labs receives backing from AXIAN to scale dollar stablecoin infrastructure in Africa
Hamilton Labs raised undisclosed funding from AXIAN Investment to scale its stablecoin infrastructure in Africa. The investment will support the launch of Hamilton's flagship stablecoin, USDh, aimed at providing dollar-denominated savings tools.
EV Startup GoSwap Secures Seed Funding to Electrify Morocco
GoSwap has closed its first round of funding from the Azur Innovation Fund. The startup aims to raise over $2M to improve urban mobility in North Africa.
Nigerian Startup Bumpa and Kenyan Startup Flowcart Receive Funding from Jobtech Alliance
Bumpa and Flowcart received funding from Jobtech Alliance. Jobtech Alliance is an initiative aimed at building inclusive jobtech ecosystems in Africa.
Ghana’s Nuclear Ambition Loses Momentum as Funding Runs Dry
Ghana's nuclear power project has been in development for nearly two decades, aiming to stabilize the energy grid and reduce reliance on unreliable power sources. Critical technical studies necessary for construction readiness are currently unfunded, putting the project at risk of further delays.
