Day: August 17, 2026
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African Startup Funding Hits $1.66 Billion as Debt Drives EV and Energy Deals
African startups and growth companies raised $224 million in July, lifting total funding for the first seven months of 2026 to $1.66 billion.
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IFC Proposes $50 Million Investment in African Renewable Energy Fund UGEAP
The International Finance Corporation has proposed an equity investment of up to $50 million in the Universal Green Energy Access Programme, a fund seeking to expand financing for distributed renewable energy projects across sub-Saharan Africa.
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Africa50, TPDC and TAQA Arabia Sign Deal for Tanzania LNG Project
Africa50, the Tanzania Petroleum Development Corporation (TPDC) and TAQA Arabia have signed an agreement to invest in, develop and operate the first phase of a small-scale liquefied natural gas project in Tanzania.