Author: Fred Kennedy
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DEG Commits €15 Million to Adenia Fund Targeting Growth of African SMEs
German development finance institution DEG has committed €15 million to the Adenia Entrepreneurial Fund I (AEF I), a pan-African private equity vehicle managed by Adenia Partners.
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PIDG Invests €4.3 Million to Scale Afreenergy Solar’s Clean Energy Expansion in Senegal
The Private Infrastructure Development Group (PIDG) has announced a €4.3 million investment in Afreenergy Solar to support the expansion of clean energy solutions for businesses in Senegal.
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IFC Invests $45 Million in IPT PowerTech to Expand Clean Energy for Telecom Networks in Ethiopia, Liberia, and Sierra Leone
The International Finance Corporation (IFC) has committed $45 million to support the expansion of clean energy solutions for telecom infrastructure in Ethiopia, Liberia, and Sierra Leone.
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RMBV, Proparco Invest $90 Million in Morocco’s Africa Feed & Food to Boost Agri-Food Growth
RMBV’s North Africa Fund has committed MAD 850 million (approximately $90 million) to Africa Feed & Food (AFF), a Moroccan agro-industrial company, in a deal that also brings in French development finance institution Proparco.
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Littlefish Raises $9.5 Million Series A to Expand Merchant Infrastructure for African Banks
South African fintech startup Littlefish has secured $9.5 million in Series A funding to accelerate the growth of its merchant services platform across Africa, as demand rises for better digital tools to support small businesses.
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BII and Deutsche Bank Launch $150 Million Trade Finance Initiative to Unlock Capital in Africa’s Frontier Markets
British International Investment (BII) has announced a $150 million risk-sharing agreement with Deutsche Bank, marking the first collaboration between the UK development finance institution and the German lender.
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Adenia Secures $180 Million First Close for SME-Focused Africa Fund
Africa-focused private equity firm Adenia Partners has secured $180 million at the first close of its Adenia Entrepreneurial Fund I (AEF), hitting its maximum fundraising limit in under a year.
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Microsoft to Train 3 Million Africans in AI skills by 2026
Microsoft has announced plans to train three million people across Africa in artificial intelligence (AI) skills in 2026, marking a significant expansion of its efforts to grow its presence on the continent and respond to rising competition from alternative AI platforms.
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Standard Bank Backs Enko Education with $22 Million to Expand Pan-African School Network
Standard Bank has arranged a $22 million debt facility for Enko Education, providing fresh capital to support the school network’s expansion across Africa.