Month: September 2023
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South African Solar Startup Wetility Raises $48 Million For Expansion
Wetility, a South African startup that offers solar energy solutions for households and businesses, has raised R903 million (~$48 million) in debt and equity.
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Rentoza Secures $6M in Funding to Revolutionize African E-commerce
Rentoza, a South African online subscription platform that allows users to rent electronics, furniture, and other home goods, has secured $6 million in funding.
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FSD Africa Investments (FSDAi) Announces $19.5 Million Investment in African Climate Projects
FSD Africa Investments (FSDAi), the investment arm of FSD Africa, has made a significant financial commitment of $19.5 million towards climate adaptation and climate-aligned infrastructure projects across Africa.
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Nigeria’s AltSchool Africa Launches New Schools to Upskill Africans “For the Jobs of the Future”
AltSchool Africa, a leading provider of creative and business education in Africa, has launched two new schools in Lagos and Abuja.
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Egyptian Health Insurance Startup Sehatech Raises $850k to Digitize Healthcare
Sehatech, an Egyptian health insurance startup that uses technology to automate medical approvals, claims processing, and billing, has raised $850k in funding.
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UAE Pledges $4.5 Billion to Help Africa Transition to Clean Energy
The United Arab Emirates (UAE) has pledged $4.5 billion to help African countries transition to clean energy.
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Okra Secures $12 Million Series A to Power Mesh-Grid Electrification in Africa
Okra, a solar technology company bringing solar power to grids in developing areas, has raised $12 million in Series A funding.
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Nigerian Startup Itana to Create Africa’s First Digital Free Zone Following $2M Pre-Seed Funding
Itana, a Nigerian startup that is building Africa’s first Digital Free Zone, has raised $2 million in pre-seed funding.