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Proparco Grants Wema Bank a First €5 Million Guarantee to Finance Impact-Driven MSMEs in Nigeria
Proparco is granting a NGN 9 billion ARIZ portfolio guarantee (equivalent to €5 million) to Wema Bank in Nigeria. This marks the first collaboration between the two institutions.
- Categories
- Investing, Social Enterprise
- Region
- Sub-Saharan Africa
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NSIA, JICA Plan $50 Million Fund to Empower Startups in Nigeria
The fund will provide capital to pre-seed, seed, and early-stage start-ups, addressing critical social challenges in sectors such as agriculture, healthcare, education, energy, waste and water management.
- Categories
- Agriculture, Education, Energy, Finance, Health Care, WASH
- Region
- Sub-Saharan Africa
-
Peak XV Raises $1.3 Billion, Doubles Down on AI as Global VC Rivalry in India Heats Up
The capital will be deployed across its India seed and venture funds as well as its APAC vehicle.
- Categories
- Technology
- Region
- Asia Pacific
-
Chowdeck Price Transparency Suit Could Set a Precedent for Nigeria’s Food Delivery Industry
“The goal here is not merely to secure compensation. It is to prompt industry-wide policy reflection, strengthen compliance practices, and foster a culture of pricing transparency that enables consumers to make informed decisions,” Abdulrahman Akinyemi, counsel to the claimant said.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, gig economy, regulations, startups
-
PwC Takes Over Koko Networks After Clean-Cooking Startup Enters Administration
The collapse caps nearly two years of worsening financial and operational pressure, including in 2024 when Koko was forced to pivot to more expensive and often insufficient local supply, a shift insiders say squeezed margins and destabilised its fuel logistics.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
-
Delta40 Raises $20 Million to Expand Venture Studio–Led Startup Financing Across Africa
Backers include development finance institutions, foundations, family offices, and 25 startup founders, with 14 investors located on the African continent.
- Categories
- Investing
- Region
- Sub-Saharan Africa
-
MSMEs Begin Applications for 2026 Programmes Under SME Corp. Malaysia
Under the 13MP (2026–2030), the MSME scaling-up agenda has been outlined to upgrade the size of MSMEs from micro to small and subsequently to medium.
- Categories
- Investing
- Region
- South Asia
- Tags
- business development, MSMEs, scale, startups
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Nearly 40% of African Startup Funding Now Comes From Local Investors
The rise of local fund managers can be traced to support from development finance institutions such as the International Finance Corporation (IFC) through its Catalyst program, as well as British International Investment, Proparco, and AfricaGrow, which backed African VCs as global investors retreated from the continent.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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