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Pan-African venture capital firm Launch Africa Ventures has made its first cash distribution to investors in its Launch Africa Seed Fund I, returning approximately $2.5 million, equivalent to about 7% of paid-in capital.
The Dutch Entrepreneurial Development Bank (FMO) is preparing to provide up to $80 million in financing to Solarcentury Africa Limited to expand solar energy projects across Zambia, Namibia, and Botswana, in a move expected to strengthen electricity supply and accelerate the region’s clean energy transition.
African payments company Flutterwave has secured fresh funding from Ripple, the U.S.-based blockchain payments firm, in a deal that values the fintech giant at $3.25 billion.
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