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Sun King raises $260M to widen clean energy access in Africa, Asia

TechCrunch

One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. Part of the funding will be used to expand the business’ presence. Sun King has previously raised $170 million in equity and debt funding.

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Zola Electric closes $90M funding round to scale technology and enter new markets

TechCrunch

Millions of people in sub-Saharan Africa and emerging markets continue to live without access to electricity. Zola Electric , one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. “More than 2.2 billion people,” he said.

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mPharma raises $35million in round participated by Tinder co-founder’s JAM fund, Bharti executive

TechCrunch

All these while increasing access and affordability to quality medication. The new funding, mPharma co-founder and CEO Gregory Rockson told TechCrunch, will be used to build the startup’s data infrastructure, triple its talent pool over the next three years and support expansion plans in its current and new markets.

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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. And if anything were to happen, we would wake up and would not have access to our funds,” said Mlambo, who founded the company with his spouse and COO Alessandra Martini. Union54 hopes to create a homegrown alternative to Mastercard or Visa.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

Microtraction , an early-stage venture capital firm based in Lagos, Nigeria, saw funding nearly quadruple for its portfolio. In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. But it’s completely different in Africa.

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CEO’s Update: Fall 2014

Beneblog: Technology Meets Society

He reads accessible ebooks from Benetech’s Bookshare library in braille format, and learns as quickly as his peers without disabilities. We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation.

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This YC Summer batch features the largest group of African startups yet

TechCrunch

“This is the largest batch we have ever funded and it’s about 50% international. Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Union54 (Zambia). Amenli (Egypt). Africa has the lowest insurance penetrations globally.

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