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Author: Fred Kennedy
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Africa’s Business Heroes Unveils Top 20 Finalists for $1.5 Million 2025 Prize
Africa’s Business Heroes (ABH), the flagship philanthropic enterprise spearheaded by Alibaba Philanthropy and rooted in the Jack Ma Foundation, has unveiled the 20 entrepreneurs selected to advance to the semi-finals of its prestigious 2025 competition.
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Solar Startup Koolboks Raises $11 Million in Series A to Power Africa’s Cooling Revolution
Koolboks, a cleantech venture operating in Nigeria and France, has secured $ 11 million in Series A financing to expand its cooling-as-a-service model across Africa and establish its inaugural assembly facility in Nigeria.
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Egypt’s Intella Raises $12.5M in Oversubscribed Series A to Accelerate Arabic Speech AI Expansion
Intella, the Egyptian-founded leader in dialectal Arabic speech AI, has raised US$12.5 million in a significantly oversubscribed Series A funding round.
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Babban Gona Raises $7.5M from BII to Expand Support for Nigeria’s Smallholder Farmers
Babban Gona, a leading agricultural technology social enterprise headquartered in Lagos, has secured a $7.5 million debt facility from British International Investment (BII), the United Kingdom’s development finance institution.
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Libya Inaugurates First-Ever Solar Facility in the Sahara Desert
Libya has officially commissioned its inaugural solar power facility in the remote southeastern town of Kufra, deep in the Sahara Desert near Egypt, Sudan, and Chad.
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UK Pushes to Bring More African IPOs to London
The British government is stepping up efforts to convince more African businesses to choose London as their gateway to international capital.
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Japan Pledges $1.5 Billion in Impact Investments for Africa at TICAD 9 Summit
In a keynote delivered at the Tokyo International Conference on African Development (TICAD 9), Japan unveiled plans to mobilize $1.5 billion in impact investments to support African nations’ transition to sustainable development and reduced carbon emissions.
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Inside Capital Backs RDG Africa to Accelerate Clean Energy Access in Zambia & DRC
Inside Capital Partners, a prominent private equity group operating across southeastern Africa, has injected fresh capital into RDG Africa, a solar home systems and clean-energy firm active in Zambia and the Democratic Republic of Congo (DRC).
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Finnfund Extends $4 Million Debt Support to Poa Internet to Bridge Kenya’s Digital Divide
Finnfund, a Finnish development finance institution, has committed a $4 million debt investment to Kenyan internet provider Poa Internet to accelerate the rollout of affordable, high-speed broadband across underserved and low-income communities in Kenya.