Day: October 16, 2026
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Cascador and Sterling Bank Announce $200 Million Fund to Expand Nigerian SME Lending
Cascador and Sterling Bank have announced a $200 million SME Credit Backstop Fund designed to help Nigerian small and medium-sized enterprises secure larger, longer-term bank loans with lower collateral requirements.
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Nithio Financing Extends Nigeria’s MAX Series B3 Round to $29 Million
Nithio has provided financing to Nigerian electric mobility company MAX, bringing its Series B3 funding round to $29 million to support the expansion of electric motorcycles and solar-powered charging and battery-swapping infrastructure across African markets.
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AfricaWorks Investment Partners Closes $25 Million Fund for West African Real Estate
AfricaWorks Investment Partners (AWIP), the real estate investment arm of flexible workspace operator AfricaWorks, has closed its second fund with $25 million in equity and debt to acquire and develop mixed-use properties in West Africa.
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ALCB Fund Invests $7 Million in Swami Agri’s $52.2 Million Green Bond in Senegal
The African Local Currency Bond Fund, managed by Cygnum Capital, has invested approximately $7 million in Senegalese agricultural producer Swami Agri’s debut green bond, valued at approximately $52.2 million.