[Nigeria] CDC announces new investment to support high-growth SMEs

CDC, the UK’s development finance institution, has announced a new investment designed to support high-growth SMEs in Nigeria. CDC has made a US$15 million commitment to CardinalStone Capital Advisors Growth Fund (“CCA”). CCA is a first-time, Nigeria-focused fund that targets SMEs across six sectors: agriculture, industrials, FMCG, healthcare, education and financial services. CCA will use […]

Seedstars winner AgroCenta secures third of $750 000 funding from US investor

Fresh off being named 2018 Seedstars Global winner, Ghanaian agritech startup AgroCenta is hoping to raise $750 000 in funding in a new seed round and has raised about a third of this from a US investor, the startup’s co-founder Michael Ocansey said. Ocansey was speaking to Ventureburn last Thursday (12 April) at the Seedstars Summit in Lausanne, Switzerland, where […]

SA’s Wala in partnership to lend $10m in tokens to farmers

South Africa’s Wala, a blockchain-powered financial services platform for the unbanked and underbanked, has entered into a partnership that will loan 100,000,000 of its Dala tokens – the equivalent of US$10 million – to 50,000 smallholder farmers in Uganda to purchase fertiliser. The startup has partnered Block Commodities Limited, a commodity trader operating across Africa, […]

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