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Day: October 1, 2025
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Africa50 Names Sérgio Pimenta CEO of its $275 Million Infrastructure Acceleration Fund
Africa50, the leading pan-African infrastructure investor and multi-vehicle asset manager, has announced the appointment of Sérgio Pimenta as Chief Executive Officer of its Infrastructure Acceleration Fund (IAF).
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Avanz Capital Egypt Joins Algebra Ventures Fund II in Landmark Secondary LP Deal
Avanz Capital Egypt has joined Algebra Ventures’ second fund as a limited partner through a secondary transaction executed by its investment arm, Avanz Manara.
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Smile ID Expands Mastercard Partnership to Drive Secure Digital Identity Across Africa
Nigerian identity verification firm Smile ID has deepened its alliance with Mastercard in a move poised to hasten the deployment of secure digital identity systems across Africa.
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Norfund Backs SIPRA With €20 Million Funding to Expand Poultry Production Across Côte d’Ivoire
The Norwegian development finance institution Norfund has committed €20 million into Société Ivoirienne de Productions Animales (SIPRA), one of West Africa’s biggest domestically owned poultry enterprises.