West Africa is buzzing with exciting investments, as strategic deals across key sectors continue to shape the future of the region. From telecommunications to healthcare, e-commerce to agritech, investors are spotting golden opportunities in Nigeria, Ghana, Cape Verde, and beyond. These investments aren’t just about big money—they’re about building infrastructure and services that will help millions of people thrive. And while these recent moves are game-changing, there’s still so much untapped potential waiting to be unlocked across the region.
Let’s take a closer look at some of the standout deals lighting up West Africa’s business landscape.
In Nigeria, Development Partners International (DPI) and Verod Capital have teamed up to supercharge Pan African Towers (PAT), a company that’s making waves in the telecommunications space. Since launching in 2017, PAT has been on a mission to meet the surging demand for wireless communications across the continent. With strategic long-term contracts with Nigeria’s top mobile network operators and internet service providers, PAT is all set to grow its tower infrastructure. This fresh investment will help PAT expand its reach, giving more Nigerians faster, more reliable internet connections and mobile services.
But let’s not stop at Nigeria—West Africa is ripe for even more investment in its digital infrastructure. Countries like Sierra Leone, Guinea, and Liberia could greatly benefit from similar investments in telecommunications, helping them plug into the global digital economy.
Switching gears to Nigeria’s dynamic e-commerce scene, Goodwell Investments has thrown its weight behind OmniRetail, a B2B platform that’s revolutionizing how informal retailers operate. With its Series A funding kicked off by Goodwell’s uMunthu II fund, OmniRetail is on track to digitize the informal supply chains that power a huge chunk of Africa’s commerce. The platform, launched in 2019, is already making life easier for informal retailers, helping them streamline their businesses and get better access to supplies.
Here’s the cool part: informal retailers drive much of Africa’s economy. With the right digital tools, they can seriously boost their productivity and profits. Platforms like OmniRetail are paving the way, but there’s still room to scale these innovations across the continent. The next big opportunity? Reaching even more rural communities that are often left behind in the tech revolution.
Ghana’s agriculture sector is also reaping the benefits of investment, with Mirepa Investment Advisors stepping up to fund Wami Agro. Wami Agro is all about helping farmers get access to the financing and market links they need to thrive. The company doesn’t just provide funding—it’s also helping farmers boost their yields with educational programs and farm input recommendations. This investment, made through Mirepa’s SME Fund I, is a big win for Ghana’s agritech scene and will go a long way toward improving food security.
But agriculture in West Africa faces big challenges—climate change, outdated practices, and limited access to technology all hold back progress. This is where agritech solutions like Wami Agro come into play, offering innovative ways to address these issues. The next step? Expanding agritech programs to other West African nations to support farmers with cutting-edge tools and sustainable practices.
Meanwhile, Nigeria’s healthtech space is getting a much-needed boost from MDaaS Global, the operator of BeaconHealth Diagnostics, which just secured $3 million in a Pre-Series A round led by Aruwa Capital Managementand Newtown Partners. MDaaS is tackling one of the continent’s biggest challenges: access to quality healthcare. With this investment, MDaaS is set to expand its diagnostic centers across Nigeria, making healthcare services more accessible for underserved communities. It’s an exciting time for healthtech in Africa, as companies like MDaaS prove that tech can bridge the healthcare gap in remarkable ways.
Still, the healthcare sector across West Africa faces significant hurdles, from shortages in skilled professionals to inadequate facilities. To truly revolutionize healthcare access, there’s a need for more investments in mobile clinics, telemedicine, and AI-driven diagnostics. The possibilities for healthtech in West Africa are enormous, and MDaaS is just scratching the surface.
Finally, in Cape Verde, Injaro Investments has made a bold move in the poultry and animal feed industry, backing AGRA. This company, founded in 2019, aims to be the leading producer of fresh eggs and animal feed in the country. Cape Verde, like many other West African nations, is looking to reduce its reliance on food imports, and AGRA’s expansion will play a vital role in achieving this goal.
However, across West Africa, food security remains a pressing issue. Similar investments in local food production—whether it’s poultry, crop farming, or aquaculture—could help nations cut down on imports, create jobs, and ensure more stable food supplies for their growing populations.
In summary, these recent investments show that West Africa is not just a region of potential but of tangible, high-impact growth. From telecommunications and e-commerce to healthcare, agritech, and poultry, investors are taking notice of the opportunities that can transform lives and economies. But there’s still a lot of work to be done. Scaling these efforts across more countries, reaching underserved populations, and fostering cross-border collaboration are the next frontiers for investors looking to tap into West Africa’s future.
References
Development Partners International. (2024). DPI and Verod Capital invest in Nigeria’s Pan African Towers. Digital Investment Journal.
Goodwell Investments. (2024). Goodwell invests in OmniRetail to digitize Africa’s informal supply chain. Africa Business Insights.
Mirepa Investment Advisors. (2024). Mirepa Capital invests in Wami Agro to support Ghana’s farmers. Ghana Agribusiness News.
Aruwa Capital Management. (2024). MDaaS Global raises $3 million Pre-Series A to expand healthcare diagnostics in Nigeria. Healthtech
Injaro Capital. (2024). Investment Capital Partners funds poultry business in Cape Verde. Agri-Impact Africa.
Edith is the Founder and CEO of Arielle for Africa Ltd. and Arielle Advisory. A serial entrepreneur, she is on a mission to empower African youth through job creation, promoting entrepreneurship, scaling African businesses, advancing STEM education, and championing sustainability in business. Outside of her profession she is an avid reader, podcast show host, writer and public speaker.
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