Africa CEO Voices News - Midweek 29

• Uncover raises US$1.4M in its second seed funding round

KENYA – Skincare brand Uncover has successfully closed a US$1.4 million Seed II funding round to support the Uncover team in their plans to build their tech platform further, launch new products, and expand to new markets.?.?.? MORE

• IFC invests in Star Garments Group to boost textile manufacturing?

TOGO – ?IFC has announced a financing package for Star Garments Group to help the company build Togo’s first large-scale, export-focused apparel manufacturing center.?.??.? MORE

• Oasis Capital raises US$100m to SMEs

GHANA — Oasis Capital Ghana, a fund manager focused on West Africa, announced its first close of US$100 million Oasis Africa Fund II (OAF II) to support SMEs in West Africa.?.?.?? MORE

• Tanzanian Nala secures US$40M series A funding

TANZANIA— Fintech startup Nala, a payments company, has raised US$40 million in Series A funding to expand globally and enhance its payment systems on the continent.?. .?? MORE

• EduLife Group secures US$4.4M follow-on investment?

SOUTH AFRICA – Sanari Capital, a private equity firm investing in medium-sized and mid-market growth companies from Africa, has announced an US$4.4 million follow-on investment in EduLife Group?.?.?.?MORE

• Nigerian remittance services provider Africhange launches in the UK

NIGERIA – Africhange, a global remittance services provider, has launched its operations in the UK to allow quick transfer of any money to Naira from any Nigerian bank account.?.?.?.MORE

• TurnStay secures US$300,000 to expand its business

SOUTH AFRICA – Travel-focused fintech TurnStay has secured US$300,000 in funding from Silicon Valley and New York-based investors DFS Lab and DCG?.?. .? MORE

• Moody’s acquires 100% stake in credit rating company GCR Ratings

AFRICA – Moody’s Corporation has fully acquired Global Credit Rating (GCR), a leading credit rating in Africa, accounting for most of the ratings issued in the region.?.?. ?MORE

• TerraPay secures US$75m from IFC?

AFRICA – IFC has announced a US$75 million financing package for TerraPay to boost access to affordable remittances and support livelihoods and business activity in countries across Africa.?. .?MORE

• Innovate Africa Fund launches with US$2.5M rollout?

AFRICA – Innovate Africa, an angel investment fund that supports early-stage startups, has launched with an initial US$2.5 million rollout.?. .??MORE