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Author: Fred Kennedy
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Norfund and KLP Commit $86 Million to Launch Major Renewable Energy Platform in South Africa
Norfund’s Climate Investment Fund, together with the country’s largest pension company KLP, will commit NOK 850 million (approximately USD 86 million) to establish a new renewable energy vehicle in South Africa called Anthem.
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Econet Founder Strive Masiyiwa Unveils $720M Plan to Build Africa’s First AI Factory Network by 2026
At the Unstoppable Africa 2025 forum, held alongside the 80th United Nations General Assembly, Zimbabwean tycoon Strive Masiyiwa, founder of Econet Global and Cassava Technologies, announced an ambitious plan to build Africa’s first pan-continental network of AI factories.
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Kenyan Fintech Zanifu Secures Fresh Backing from Yango Ventures to Expand SME Lending
Kenyan fintech Zanifu has secured fresh backing from Yango Ventures, the US$20 million corporate venture capital arm of global tech group Yango.
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Acumen Secures $20 Million Boost from BII to Expand Energy Access in Africa’s Hardest-to-Reach Communities
Acumen has received a major financial injection for its Hardest-to-Reach (H2R) initiative after British International Investment (BII) committed $20 million to the programme.
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Ghana’s Sahara Impact Ventures Backs Agriarche to Transform Nigeria’s Agricultural Value Chains
Accra-based impact fund Sahara Impact Ventures has disclosed a new investment in Agriarche, a Nigerian agtech startup targeting post-harvest inefficiencies that suppress farmers’ revenue and sustainability.
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Mirova to Invest $10 Million in Debt Financing to Kenya’s ARC Ride in First EV Deal in Sub-Saharan Africa
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.
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Tanzania’s MazaoHub Raises $2 Million to Expand AI-Powered Climate-Smart Farming in Africa
Tanzanian agritech startup MazaoHub has secured US$2 million in an oversubscribed pre-seed round to accelerate its mission of transforming smallholder farming through a blend of artificial intelligence and hands-on agronomy.
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Sanari Capital, 27four Invest $23.4m in Global Telematics and Fleet Management Firm Ctrack
South African private equity firm Sanari Capital has invested $14.4 million in telematics and fleet management company Ctrack, joined by $9 million from long-time partner 27four Investment Managers.
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Amethis Invests in Morocco’s BH Holding to Expand Fruit Export Operations
Amethis, through its pan-African Amethis Fund III, has taken a minority stake in BH Holding, a Moroccan agribusiness group specializing in the packing and export of premium fruits.