All Investment stories from Ghana Innovation Journal.
For years, the narrative of African fintech has been dominated by one word: Credit. From Nairobi to Lagos, rapid-approval loan apps have proliferated, promising to bridge the liquidity gap. But for many users, these apps have become a “debt trap” rather than a safety net. Phundit, the Ghanaian fintech startup, has just closed an undisclosed [...]
Fido Ghana has secured a USD 5.5 million debt investment from the Regional MSME Investment Fund for Sub-Saharan Africa, managed by the Swiss-based impact manager, Symbiotics. The new capital injection will strengthen Fido Ghana’s capacity to scale its lending portfolio, enhance its digital infrastructure, and meet rising demand for accessible financial tools. For many borrowers, [...]
FarmerTribe, the agritech focused on strengthening local rice supply chains, has secured structured financing from Green Earth Group N.V. in partnership with Pangea Global Ventures to build a modern rice milling facility in Walewale. This transaction marks Green Earth’s first investment in Ghana's agricultural sector and supports high-value processing in local food systems. The investment [...]
Farm 360, a Ghana-based agtech focused on restoration-linked agricultural supply chains, has secured a USD 1 million investment from Barka Capital following the company’s achievement of more than USD 1 million in annual revenue. The financing marks a significant milestone not only for the company but also for the broader commercial case for landscape restoration-driven [...]
Ghanaian healthtech startup Medpharma has raised an undisclosed funding round from Sahara Impact Ventures. What problem is MedPharma solving? Founded by Stephen Yaw Asamoah and Richard Appiah Otoo in 2019, MedPharma is digitising healthcare delivery by aggregating providers, pharmacies, and medical facilities into a single connected platform. Its model tackles one of the continent’s most [...]
Each year the Norrsken Foundation highlights one hundred of the world’s most promising early-stage startups with the potential to solve some of humanity’s toughest challenges. The Impact/100 list has become a showcase for bold ideas that blend profit with purpose. For the 2025 edition more than 1,400 startups were nominated by 50 institutions including venture [...]
EATO, the AI-powered foodtech platform, has secured an undisclosed funding from Nubia Capital to accelerate its mission to build the digital infrastructure powering Africa’s food economy. Founded by Margaret Kyerematen-Debrah in 2023, EATO is an AI-powered digital marketplace that connects African food entrepreneurs—chefs, processors, small businesses, and informal traders—with global consumers, markets, and financing opportunities. [...]
Five Ghana-focused startups have been named among the top 75 semi-finalists in the prestigious 2025 GoGettaz Agripreneur Prize Competition. These ventures are now in the running for the coveted $50,000 grand prize, which will be awarded to two exceptional founders who are pioneering the future of Africa's food systems. The GoGettaz Agripreneur Prize, a flagship [...]
Liquify, the invoice financing platform co-founded by Nadya Yaremenko and Alberta Asafo-Asamoah, has closed a $1.5 million equity seed round, alongside additional debt financing. The round, which was oversubscribed, underscores strong investor confidence in Liquify’s approach to bridge Africa’s $120 billion trade finance gap. The UK Tech News was the first to report the news. [...]
OceansMall, the agritech startup revolutionizing seafood logistics, has secured $150,000 in convertible debt from GBHub Africa to expand its operations and digital platform, Pinwheel. The investment also includes technical assistance and market access support, enabling the company to scale its cold chain logistics and strengthen its reach across coastal fishing communities. Founded in 2021 by [...]
Mariseth Farms has secured a $560,000 working capital loan from Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), to scale its crop aggregation operations and expand fair market access for over 8,000 smallholder farmers, many of whom are women. Renaissance Law Chambers advised SEFAA on the transaction, while Pangea Global Ventures [...]
mPharma and Sproxil have been selected to join the third cohort of Investing in Innovation Africa (i3), a pan-African initiative that supports healthtech startups improving access to medicines and pharmacy services across the continent. The two companies are among seven growth-stage innovators chosen this year for their impact in transforming pharmaceutical access and healthcare delivery. [...]
Tendo, the social commerce platform that enables anyone with a smartphone and a social media account to become an online reseller, has secured additional funding from Renew Capital to further its mission of democratizing entrepreneurship across Africa. The funding will enable the company to expand its platform, onboard more resellers and empower individuals across Africa [...]
GB Foods' social impact arm, GBHub Africa, has invested $50,000 in GreenHeart SE, a Ghanaian agritech company that transforms organic biomass waste into carbon-negative agricultural inputs. The investment, structured as a local currency loan with a 5% interest rate in Ghanaian cedis, includes a six-month moratorium and a 60-month repayment period. This funding will enable [...]
Village Capital, in partnership with the Dutch Entrepreneurial Development Bank (FMO) and the Netherlands Enterprise Agency (RVO), has launched the Africa Ecosystem Catalysts Facility, a $4 million initiative to support early-stage, impact-driven companies in Ghana, Nigeria, and Tanzania. The facility will collaborate with locally-led Entrepreneur Support Organizations to source, conduct due diligence, and make investment [...]
Ghana-based agritech startup SAYeTECH has emerged as the winner of the 2024 MEST Africa Challenge (MAC), securing a $50,000 equity investment to accelerate its growth and impact. The competition, organized in partnership with the Norwegian Embassy, focused on uncovering exceptional agritech companies tackling key agriculture challenges in West Africa. SAYeTECH outshone six other startups from [...]
Visa, one of the world’s largest payment networks, has made a strategic investment in four African startups, including Ghana’s digital lending platform, Oze. This investment reflects Visa’s dedication to advancing digital innovation in Africa, aiming to foster fintech growth and enhance financial inclusion across the continent. The selected startups—Oze, Workpay, OkHi, and ORD—are alumni of [...]
Truecoco, an aggregator, processor and commodities trading company based Ghana’s Western Region has secured an undisclosed funding from Growth Investment Partners— an investment vehicle established by British International Investment, the UK’s development finance institution and impact investor. The capital injection will support Truecoco in expanding its soybean processing operations and launching an industrial carbon capture [...]
Japanese electronics giant Sony has appointed Kwame Kwarteng as Investment Manager for the Sony Innovation Fund: Africa, a key initiative aimed at supporting Africa's entertainment start-ups. In this role, Kwame will identify and manage investment opportunities that drive innovation across the African continent. Kwame brings extensive experience in venture capital, asset management, and business planning. [...]
Nicholas Carl Clerk is an Investment Ecosystem Development Manager at Renew Capital, supporting the establishment of Renew Capital’s presence in Ghana through the engagement of investment and development ecosystem actors and the management and execution of private sector consulting and development projects. Nicholas supports the facilitation of gender-smart programs and assists in all aspects of [...]
As one of the third-place winners of the FINCA Ventures Prize Competition, the Wa-based agritech startup Sommalife has secured a $10,000 grant as part of the winning package. The FINCA Ventures Prize supports entrepreneurs with disruptive business models, products, or technologies that create meaningful impact for poor and low-income people in developing markets in the [...]
Zeepay has secured additional $3 million from Verdant Capital Hybrid Fund as part of its Series A.5 funding round. Verdant Capital Hybrid Fund provided a preferred equity investment for the round, making them the fifth institutional shareholder of the company. According to the Managing Director, Andrew Takyi-Appiah “the new funding raised will be used to [...]
The Africa-focused venture capital firm 4DX has added the International Finance Corporation (IFC) to its limited partners for its third pan-African Fund. As a limited partner, the IFC has made a $10.5 million equity investment in the fund. In addition to the capital, IFC will work with 4DX Ventures to implement its environmental and social [...]
The Ghana-headquartered multi-sector fund Injaro Investment has closed its venture fund at GHS 216 million to invest in “best-in-class” companies, mainly in Ghana and the Ivory Coast. Founded in 2009 by Jerry Parkes and Dadie Tayoraud, Injaro Investments was established to provide the capital that enables SMEs to realise their potential as the drivers of [...]
The British International Investment-anchored fund, Growth Investment Partners Ghana (GIP), has made its first investment in the Ghanaian Business Process Outsourcing (BPO) company E-Services Africa Limited (eSAL). The investment will support eSAL’s growth and its global delivery of cost-effective, high-quality outsourcing solutions for businesses. The investment will provide capital for eSAL to purchase new infrastructure [...]
The farm-to-table organic chocolate brand fairafric has secured undisclosed funding from the venture-holding company ThirdWay Capital. fairafric successfully distributes its premium organic chocolate in Europe and is positioned to enter other African and North American markets. By 2026, fairafric expects to achieve 10X revenue growth, create more than 300 direct, permanent jobs and have close [...]
Techstars, Africa's most active startup investor, has announced its second cohort of 12 companies to participate in its pan-African accelerator program in partnership with Lagos-based innovation program ARM Labs. Two Ghanaian companies, One Plan and Swoove, are among the selected companies. One Plan helps workers in Africa's informal economy create affordable financial plans, making it easier to start a [...]
The Ghanaian agritech company, 3Farmate Robotics, has secured an investment from a Silicon Valley investor through the Africa AI ecosystem builder, Alliance4ai.org. Alliance4ai is an AI organization that empowers innovators to tackle its most critical challenges. 3Farmate helps farmers leverage cutting-edge robotics and artificial intelligence to carry out farm operations at reduced costs swiftly. The [...]
Norwegian Investment Fund for Developing Countries (Norfund) has invested $10.5 million in Miniplast Ghana Ltd. to support the company's expansion plans in the manufacturing and recycling sectors. Miniplast Ghana Ltd is a leading plastics manufacturing company in Ghana and the West African sub-region. Established in 1988, Miniplast specializes in injection and blow molding, with its [...]
Mirepa Investment Advisors has reached the initial closing of its inaugural fund, Mirepa Capital SME Fund I (MCSFI). The GHS 120 million fund will provide patient capital to Ghanaian small and medium-sized enterprises with a GHS 2.4M – GHS24M ticket size. This milestone marks a significant step forward in providing patient capital to high-growth light [...]
The Kosmos Innovation Center (KIC) has inaugurated an incubation hub in Tamale to expand its operations and empower the youth. With support from Feed the Future Ghana Market Systems & Resilience (MSR), a USAID-funded program, KIC has set- up the incubation hub in Tamale to further reach young people and entrepreneurs within 17 districts across [...]
Ashesi University's Computer Science Faculty and volunteer team – spearheaded by Dennis Asamoah Owusu and David Sampah – has published new tools to help software developers build applications in Twi (Asante, Akuapim, Fante) and Ga, two of Ghana's most dominant languages. This is part of a greater natural language processing research effort at Ashesi, focusing [...]
To strengthen Ghana's sustainable research and innovation ecosystem, the RISA Fund has announced its second partnership phase with Impact Investing Ghana. The project began in January 2023 and aims to scale up the infrastructure established in Phase I and increase funding, skills, and knowledge of key players in Ghana's research and innovation sector. The project's [...]
Samaritan Angels, an entrepreneurship-focused social enterprise, has launched a GH¢ 10 million initiative dubbed “I AM INVESTIBLE” to support Small and Growing Businesses (SGBs) in Ghana. The company aims to accelerate the growth of businesses and create jobs by providing access to funding, business advisory services and technical support. Beneficiaries will have access to up [...]
The foodtech company has secured an undisclosed amount of funding from the Nairobi Business Angel Network to address food insecurity. Legendary Foods delivers the nutrition of meat at the price and sustainability of plants using insect agriculture made into delicious products. Led by Shobhita Soor, the company produces palm weevil larva, a local delicacy that [...]
As part of his birthday celebration, the Chief Executive Officer of Quick Angels, Richard Nii Armah Quaye, supported ten entrepreneurs with a seed capital of GHS25,000 each to boost the growth of their businesses. The companies were selected from a pool of 1,200 applicants. The finalist comes from various industries, including technology, recycling, fashion, and [...]
MTN Ghana has launched a $25 million project to construct an Information and Communications Technology (ICT) hub in Accra, Ghana. The ICT hub, which is part of the Ghana Innovation Hub initiative by MTN, is aimed at providing training for over 200,000 youths in ICT and digital skills and is expected to generate more than [...]