Day: June 17, 2026
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Launch Africa Returns $2.5 Million to Investors After 11 Startup Exits Across Africa
Pan-African venture capital firm Launch Africa Ventures has made its first cash distribution to investors in its Launch Africa Seed Fund I, returning approximately $2.5 million, equivalent to about 7% of paid-in capital.
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FMO to Back Solarcentury Africa with $80 Million for Southern Africa Solar Expansion
The Dutch Entrepreneurial Development Bank (FMO) is preparing to provide up to $80 million in financing to Solarcentury Africa Limited to expand solar energy projects across Zambia, Namibia, and Botswana, in a move expected to strengthen electricity supply and accelerate the region’s clean energy transition.
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African Startups Secure $135 Million in May as Debt Financing Gains Ground
Africa’s startup ecosystem recorded a modest recovery in May 2026, with 37 companies raising a combined $135 million through equity, debt, and grant financing.