A New Financing Model for Agricultural Mechanization DFP portfolio company Hello Tractor has signed a Memorandum of Understanding with TEKHAF CORPORATE GROUP to expand their existing fleet-management partnership into…
ARC Ride has secured US$33.3 million in combined equity and debt financing to expand its electric mobility operations across Africa, providing fresh capital for the company to grow its fleet and battery swapping net…
Double Feather Partners, Inc. ("DFP") today announced that Yamaha Motor Co., Ltd. ("Yamaha Motor") has joined the Africa Corporate Innovation Program ("ACIP"), a corporate co-creation and innovation platform run by …
Rwandan-founded mobility company YEGO Global has launched MeterMoto in Nairobi, marking its entry into Kenya’s boda boda market after onboarding more than 4,000 riders. The launch brings YEGO’s digitally enab…
Chery Group SA has completed its acquisition of Nissan South Africa’s manufacturing assets in Rosslyn, Pretoria, including the nearby stamping plant. Nissan will remain active in South Africa through vehicle sales, …
A.P. Moller Capital has signed an agreement to acquire a majority stake in Globex Investissement, a leading Moroccan transportation and logistics company, marking a significant step in the continued development of Moroc…
Kenyan fintech Cloud9 Money has acquired conversational-commerce platform Chpter AI in an undisclosed all-stock transaction, marking Cloud9’s second acquisition in just three months following its acquisition of M-Ti…
African mobility fintech Moove has entered unicorn territory after raising $250 million in Series C funding at a $2.1 billion valuation, marking another major milestone for one of Africa’s most prominent mobility co…
Kenyan automotive marketplace Peach Cars has secured approximately $4 million (¥600 million) in debt financing from Japan Finance Corporation (JFC) and Shoko Chukin Bank, providing additional capital to scale its vehicl…
California-based EV startup Bingo Technologies, founded by mophie founder Daniel Huang, has entered the Kenyan market with its E2 electric vehicle, bringing a battery-swapping model to Kenya’s passenger EV segment a…
