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Month: December 2023
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Wic Capital Secures $1 Million Loan From FSD Africa to Support Women Entrepreneurs in Senegal and Côte d’Ivoire
Women-focused investment fund, Wic Capital, has secured a $1 million loan from a prominent UK investor, FSDAi Nyala Facility.
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Nigerian Fintech Bujeti Raises $2 Million to Scale its All-in-One Corporate Card and Expense Management Platform
Nigerian fintech startup Bujeti has secured $2 million in seed funding to scale its all-in-one corporate card issuance and expense management platform.
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Sierra Leone Gets its First Large-Scale Grid-Connected Solar IPP After $52 Milion Funding From BII, FMO, Proparco & Frontier Energy
In a significant step towards clean energy and improved electricity access, a consortium of Development Finance Institutions (DFIs) and renewable energy fund manager Frontier Energy has announced a co-investment of over $52 million for the Planet Solar project in Sierra Leone.
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Ampersand Expands Electric Motorbike Battery Swap Network in Kenya
Ampersand, a leading provider of electric motorbike solutions in East Africa, is expanding its battery swap network across Nairobi.
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Mini Unity
Price: NLe 8,465 Buy Now Place Bid Share Feedback Mini Unity Meaning of the painting: Reminder that empathy & compassion are crucial virtues for the evolution of humanity. Size of painting: 30 Cm by 30 Cm Artist Bio Zahra Fakih Zato is a visionary artist seeking to challenge norms, break barriers & shatter preconceived notions…
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Tappi Secures $1.5 Million to Empower African SMEs with Digital Commerce Solutions
Tappi, a rapidly growing digital commerce platform for small and medium-sized businesses (SMEs) in Africa, has secured $1.5 million in a pre-seed funding round.
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Mtor Secures $2.8 Million Pre-Seed Funding to Revolutionize Egypt’s Automotive Aftermarket Industry
Egyptian online auto parts marketplace Mtor has secured $2.8 million in pre-seed funding, led by venture capital firm Algebra Ventures, with participation from notable investors, including Dutch Founders Fund (DFF), Aditum Ventures, LoftyInc Capital Management, and several prominent local and global angel investors.
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BasiGo Secures $5 Million Funding to Accelerate Electric Bus Assembly in Kenya
BasiGo, a Kenyan electric bus company operating in Kenya and Rwanda, has announced a $5 million debt financing agreement with British International Investment (BII), the UK’s development finance institution and impact investor.
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Top 20 Most Funded Startups in Africa in 2023
The startup funding landscape in Africa in 2023 was a mixed bag of encouraging growth and cautious optimism amidst global economic headwinds.