A regional multilateral development bank established to contribute to the economic development and social progress of African countries.
Fintechs ask CBN for growth fund, regulator says it can only play matchmaker
Fintech operators are pushing for a dedicated growth fund or credit guarantee scheme to unlock capital for innovation and expansion. The Central Bank of Nigeria (CBN) stated it cannot directly establish venture-style financing.
Ventures Platform closes $64 million fund with Nigeria’s government as an investor
The Nigerian government is directly investing in startups for the first time through Ventures Platform. Ventures Platform has announced a $64 million first close for its second fund, VP Pan-African Fund II.
Acumen’s new $90 million Kawisafi fund to back African climate-tech startups
Acumen's KawiSafi fund has secured $90 million in approved capital for climate solutions in Africa. The fund will support companies providing clean power, sustainable transport, and affordable cooking alternatives.
Uncovered Fund, Monex Ventures partner for $20 million African VC fund
Uncovered Fund and Monex have launched the UMAIP to invest $20 million in African and Middle Eastern startups. The fund will initially invest between $100,000 and $500,000 in 30 companies, reserving half for follow-on rounds.
Japanese Venture Capital Makes Strategic Entry into African Markets with $20M Infrastructure Fund
Uncovered Fund and Monex Ventures launched a ¥3 billion investment vehicle targeting early-stage enterprises in Africa and MENA. The fund focuses on four strategic investment verticals: financial technology, distribution networks, mobility solutions, and sustainability initiatives.
