African Startup Funding Hits $1.66 Billion as Debt Drives EV and Energy Deals
African startups and growth companies raised $224 million in July, lifting total funding for the first seven months of 2026 to $1.66 billion.
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IFC Proposes $50 Million Investment in African Renewable Energy Fund UGEAP
The International Finance Corporation has proposed an equity investment of up to $50 million in the Universal Green Energy Access Programme, a fund seeking to expand financing for distributed renewable energy projects across sub-Saharan Africa.
BluePeak Fund II Invests $12 Million in Monty Mobile to Expand African Messaging Infrastructure
BluePeak Private Capital Fund II has invested an initial $12 million in Monty Mobile International to expand enterprise messaging services across Africa.
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