Day: January 28, 2026
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XSML Capital Closes $142 Million African Rivers Fund IV Above Target to Expand SME Financing in Frontier Markets
XSML Capital has closed its latest financing vehicle, African Rivers Fund IV (ARF IV), with total commitments of $142 million, surpassing the fund’s original $135 million cap.
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Gates Foundation and OpenAI Launch $50 Million AI Initiative to Strengthen Primary Healthcare in Africa
The Bill & Melinda Gates Foundation and OpenAI have launched a new $50 million artificial intelligence program aimed at strengthening basic health services in Africa, with initial deployment set to begin in Rwanda.
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Morocco’s Enakl Raises $2.3 Million to Expand Bus-Sharing Services and Launch Mobility Software
Morocco-based shared mobility startup Enakl has successfully secured $2.3 million in seed funding to accelerate the rollout of its collective transport services and unveil a new software product for transit operators and planners.