Month: June 2024
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Vantage Capital Pumps $47.5 Million into Expansion of Kenyan Business Park Two Rivers
Two Rivers International & Innovation Centre (TRIFIC SEZ), a unique services-oriented business park within Nairobi’s diplomatic zone, has secured a $47.5 million investment from Vantage Capital, Africa’s largest mezzanine fund manager.
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EBRD Commits $40 Million to Boost Mid-Sized Businesses in North Africa
The European Bank for Reconstruction and Development (EBRD) is injecting up to $40 million into SPE Capital’s newly launched SPE PEF III fund.
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Oikocredit Injects $10 Million to Boost African SMEs in Partnership with AfricInvest
Social impact investor Oikocredit has provided a first-time loan of $10 million to AfricInvest Private Credit (APC) to empower small and medium-sized businesses (SMEs) across Africa.
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SA’s Mama Money Partners Access Bank, Paymentology to Launch WhatsApp-Based Bank Card
South African fintech startup Mama Money has partnered with global banking leader Access Bank and card issuing company Paymentology to launch a first-of-its-kind bank card service powered entirely through WhatsApp.
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Launch Africa Ventures Injects $4.3 Million into 16 African Startups
Early-stage VC firm Launch Africa Ventures has invested a total of US$4.3 million in 16 startups in Africa as part of its second fund.
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Egyptian Fintech Connect Money Secures $8 Million Seed Funding to Fuel North African Expansion
Connect Money, an Egyptian fintech company specializing in Banking-as-a-Service (BaaS), has successfully closed its seed funding round at $8 million.
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Tech Boost for South Africa as Acer Announces Local Monitor Production
Tech leader Acer has unveiled plans to begin monitor production in South Africa, marking a major step towards local manufacturing.
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WIOCC Group Secures $50 Million to Expand Digital Access Across Africa
WIOCC Group, a provider of high-capacity internet connectivity in Africa, has secured over $50 million in funding from a consortium of international institutions.
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London Climate Tech Startup Downforce Technologies Secures $4.2 Million for Africa-Focused Soil Solutions
Downforce Technologies, a leading climate tech company, has secured $4.2 million in funding to develop advanced soil health solutions specifically tailored for the African agricultural sector.