DealMakers AFRICA

Bekia, an Egyptian startup digitising waste collection, has announced a US$765,000 seed round led by Madica, the Africa-focused investment programme affiliated with Flourish Ventures. Catalyst Fund, the pan-African climate investor to first backed Bekia in 2023, re-invested, with participation from Dakar-based Jambaar Capital. The funding will be used to grow its engineering team, take Bekia Next to market, and begin testing the model in a second African market.

Bradda Head Lithium, a North America-focused lithium development Group, has announced a conditional, definitive and binding asset purchase agreement with Zeus Resources, and its parent company, US1 Critical Minerals, pursuant to which a newly formed wholly owned subsidiary Company of Bradda Head, BHL Tanzania, will acquire from Zeus the entire rights and interests in six prospecting Uranium licences (PL 11703/2021, PL 11704/2021, PL 11705/2021, PL 11708/2021, PL 11709/2021 and PL 12354/2023), including the Mkuju Project. The total consideration under the Asset Purchase Agreement will be US$1,8 million.

Noma Services Consolidated has secured a US$650,000 loan facility from Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA). The facility comprises $400,000 for working capital and $250,000 for capital expenditure. Noma is a Nigeria-based agribusiness specialising in the aggregation and processing of commodities including rice, maize, sorghum, and beans. Headquartered in Abuja, the company sources from a network of over 11,000 smallholder farmers (SHFs) and supplies high-quality produce to leading FMCG players.

Synapse Analytics, an Egyptian AI company that builds agentic decisioning infrastructure for regulated financial institutions putting policy control directly in the hands of credit and risk teams, announced today that it has raised US$13 million in a Series A funding round. The round was led by Partech, with additional participation from Algebra Ventures and Silicon Badia. The new capital will be used to scale the team, accelerate product development and expand international market reach.

The Kenyan government will appeal a court ruling that ordered the cancellation of the December 2025 deal in which it sold an extra 15% stake in telecoms firm Safaricom to Vodacom. Kenya’s High Court said the sale of the Safaricom stake did not adequately involve the public and was marked by concealment of material information, Kenyan television station NTV Kenya reported. It ordered the 15% stake be returned to the government.

DealMakers AFRICA is the continent’s quarterly M&A publication
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