A member of the World Bank Group, IFC provides financial and technical assistance to private sector projects in developing countries.
Swedfund backs TLG fund with $15 million to strengthen SMEs
Swedfund invests $15 million in TLG Africa Growth Impact Fund II to support SMEs in Africa. The SME finance gap in sub-Saharan Africa is estimated at $331 billion.
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 secures $43 million first close for new Africa seed fund
LoftyInc Capital Management secured a $43 million first close for its LoftyInc Alpha Fund. The fund targets late-seed investments in Africa's high-growth tech startups.
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).
