Category
Reporting filed under Funding.
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FinTech
MNT Tech Holding, the listed Egyptian arm of MNT-Halan, reported third-quarter 2026 net profit of EGP 836 million. That is more than double the prior quarter but 31% lower than a year earlier.
Funding
Lagos-based Aruwa Capital Management has disclosed an investment in Nigerian plastic recycler Polysmart Packaging, made in December 2025. No amount has been disclosed in the sources reviewed. The disclosure followed commissioning of Phase 1 of Polysmart's food-grade rPET plant in Mowe, Ogun State.
Funding · Analysis
Africa: The Big Deal counts 34 African start-ups announcing rounds of US$100,000 or more in October 2026, totalling US$183 million excluding exits. Equity made up 60% of the total.
Funding
Endeavor Egypt's CEO says Endeavor Catalyst plans US$15 million to US$20 million for 8 to 10 Egyptian startups over four years from its US$320 million Fund V, which closed on 8 October 2026. The Egypt figures are a stated target from a 12 November interview, not a closed investment.
Funding
Rise of Fearless, a free-to-play mobile battle royale built on Ethiopia's Battle of Adwa, has raised US$1 million through a SAFE from Epic Edges Capital. No valuation or equity terms have been disclosed.
Funding
South African-founded water-data startup Water Ledger Global has taken an undisclosed strategic investment from Launch Africa Ventures, which says the deal came through its second fund.
Funding
Swedfund and Proparco have each committed $15 million to a Lightrock fund for growth-stage, technology-enabled businesses in Africa. The commitments are fund-level investments, not funding rounds for any startup.
Funding
Algeria's minister for start-ups says talks with a World Bank Group institution on a fund for local start-ups are advanced. No amount, instrument or timetable has been announced, and no agreement has been reported.
Funding
According to press reports, London-based private credit manager TLG Capital has launched what it describes as Ghana's first local-currency private credit fund for small and medium-sized enterprises. The fund size, first close and investors have not been disclosed.
Funding
Accra-based Wami Agro, which sells inputs on credit to Ghanaian smallholder farmers and aggregates their produce for buyers, has taken an undisclosed investment from Sahara Impact Ventures and Acumen. Trade reports disagree on the instrument, and the investors have not stated it.
Funding
Nigeria's NITDA says six startup funds are planned with JICA and NSIA. The only one with a stated size, a US$50 million seed fund, appears to be the NSIA-JICA Impact Innovation Fund agreed in February. The reporting we reviewed names no fund manager for it.
Fintech
OPay called off its planned NYSE offering on 30 October, the day it priced the deal, citing an unnamed foreign regulatory inquiry. A Standard Bank investment tied to the listing is now unresolved.
Funding
Nairobi's International Financial Centre plans a Sh65 billion (US$500 million) fund for Kenyan startups and small businesses. No co-host, fund manager, investor commitments or application process has been announced.
Funding
Ad signal infrastructure company Journify has raised a US$12 million Series A led by Al Mada Ventures, with Silicon Badia co-leading, to expand into the US and Europe. The company says the round values it at four times its previous valuation; no valuation figure was disclosed.
Funding
Medical equipment-as-a-service company EASE Holdings BV says it has secured US$9.5 million in additional equity from AAFC Group Inc. The company announced the investment on 2 November 2026 and expects at least US$20 million of new South African installations in 2027.
Funding
Nigerian solar freezer maker Koolboks has closed a debt facility from TLG Capital to fund inventory and retail partnerships. The amount and terms are undisclosed; the facility carries a Cascador guarantee delivered with Morgan Stanley.
Funding
The International Finance Corporation has signed an investment agreement with Addis Ababa fintech Kifiya, announced at the Africa Financial Summit in Luanda on 4 November 2026. The amount and instrument have not been disclosed.
Funding
French development finance institution Proparco is investing €600,000 in Cashi, a Sudanese digital payments network with USSD, SMS and offline card services. The release is dated 9 November 2026 and does not disclose the stake or instrument.
Funding
Afreximbank has committed a US$75 million facility to the Development Bank of Nigeria, which will lend through partner financial institutions to small businesses, including creative enterprises. Pricing, tenor and beneficiary numbers have not been published.
Funding
Afreximbank's investment arm CANEX Creations says it has signed an equity investment in D'banj's creator platform CREAM. Neither side has disclosed the stake or the amount, and no source reviewed confirms a closing.
