Day: February 25, 2026
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Sahel Capital Backs Uganda’s Sukuma Commodities to Accelerate Coffee Export Growth
Ugandan coffee exporter Sukuma Commodities has secured an expanded financial commitment of $1.8 million from Sahel Capital’s Social Enterprise Fund for Agriculture in Africa (SEFAA).
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AfDB and UNDP Launch $10 Billion AI Initiative to Create 40 Million Jobs Across Africa
The African Development Bank Group (AfDB) and the United Nations Development Programme (UNDP) have announced a major new plan aimed at expanding the use of artificial intelligence (AI) across Africa to foster inclusive economic growth and create jobs.
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LoftyInc Capital Co-Leads $4 Million Seed Round in Moroccan Fintech WafR Through New Alpha Fund
Moroccan fintech startup WafR has successfully raised $4 million in a seed funding round that drew strong interest from investors, marking one of the first deals from LoftyInc Capital’s new Alpha Fund.
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Spiro Secures $50 Million Debt Financing to Expand Electric Mobility Network Across Africa
Spiro, a leading African electric mobility company, has secured $50 million in debt financing in a new funding round that will accelerate the expansion of its battery-swapping infrastructure and related clean mobility technologies across the continent.