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Aruwa Capital Management, a female-founded and led investment firm based in Lagos, has secured 90% of its $40 million goal for its second fund, Aruwa Capital Fund II.

Egyptian fintech company Sahl has secured $6 million in funding to solidify its position as a one-stop shop for household bills in collaboration with government agencies.

French sustainable investment manager Mirova, an affiliate of Natixis Investment Managers, has announced a commitment of up to $10 million in senior secured debt to ARC Ride, an electric mobility company headquartered in Nairobi.