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Since 2024, Morgan Stanley has backed 4 African startups across 5 disclosed funding rounds totaling $3.9M, most heavily in Uganda and Logistics & Supply Chain.
Morgan Stanley is a global financial services firm that provides investment banking, securities, wealth management, and investment management services to clients worldwide. It is headquartered in New York, with its worldwide headquarters listed at 1585 Broadway, New York, NY, and maintains a significant international presence through regional offices and subsidiaries. In Africa, Morgan Stanley has participated in early stage funding rounds for technology companies at the seed stage, as reflected in the investment data provided. The firm has backed startups in Uganda, Nigeria, and Mali, focusing on logistics and supply chain, creator economy, marketing and CRM, and insurtech. Companies supported include RideLink in Uganda, AMAKA and eBanqo in Nigeria, and OKO Finance in Mali, with total disclosed investment of 3.9 million dollars across five seed rounds between February 2024 and November 2025. These investments illustrate Morgan Stanley’s engagement with emerging African technology ecosystems, particularly in sectors that leverage data, automation, and AI for operational efficiency, customer engagement, and climate related risk management. The firm has also appeared alongside other international investors in these rounds, highlighting a collaborative approach to supporting innovative founders in key African markets.
Data updated · Sep 9, 2026
Morgan Stanley has backed 4 African startups across 5 disclosed funding rounds tracked on Liners, totaling $3.9M since 2024.
Mostly Seed: 5 of its 5 tracked rounds are at that stage.
Its tracked rounds lean toward Logistics & Supply Chain (2), Creator Economy (1), Marketing & CRM (1), and 1 more sector.
Morgan Stanley most often shares rounds with Orbit Ventures (1 shared deal), Digital Africa (1 shared deal), Google for Startups Accelerator: AI First (Middle East (1 shared deal).
According to the provided data, Morgan Stanley has invested in RideLink in Uganda, AMAKA and eBanqo in Nigeria, and OKO Finance in Mali. RideLink received two seed rounds, while AMAKA, eBanqo, and OKO Finance each secured seed funding during 2024.
Morgan Stanley’s disclosed investments in the provided data total 3.9 million dollars across five seed rounds. Individual rounds include 2.0 million dollars in AMAKA, 1.1 million dollars and 250,000 dollars in RideLink, 250,000 dollars in eBanqo, and 310,000 dollars in OKO Finance.
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