Author: Fred Kennedy
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AfDB and Italy’s CDP Approve $35 Million Investment in RMBV North Africa Fund III
The African Development Bank Group and Cassa Depositi e Prestiti, Italy’s national promotional institution and development finance institution, have approved a combined $35 million equity investment in RMBV North Africa Fund III.
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Genser Energy Secures $529 Million Credit Package for West African Energy Projects
Genser Energy has secured term and revolving credit facilities worth approximately $529 million (€456 million) to complete gas and power infrastructure in Ghana, strengthen its balance sheet, and support expansion into Côte d’Ivoire and other West African markets.
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South Africa’s Jem Raises $8.4 Million to Expand WhatsApp-Based Workforce Platform
South African workforce management startup Jem has raised $8.4 million in Series A funding to accelerate product development and expand its WhatsApp-based platform for deskless employees. Quona Capital led the round, which Jem announced on August 17, 2026.
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African Startup Funding Hits $1.66 Billion as Debt Drives EV and Energy Deals
African startups and growth companies raised $224 million in July, lifting total funding for the first seven months of 2026 to $1.66 billion.
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IFC Proposes $50 Million Investment in African Renewable Energy Fund UGEAP
The International Finance Corporation has proposed an equity investment of up to $50 million in the Universal Green Energy Access Programme, a fund seeking to expand financing for distributed renewable energy projects across sub-Saharan Africa.
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Africa50, TPDC and TAQA Arabia Sign Deal for Tanzania LNG Project
Africa50, the Tanzania Petroleum Development Corporation (TPDC) and TAQA Arabia have signed an agreement to invest in, develop and operate the first phase of a small-scale liquefied natural gas project in Tanzania.
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BluePeak Fund II Invests $12 Million in Monty Mobile to Expand African Messaging Infrastructure
BluePeak Private Capital Fund II has invested an initial $12 million in Monty Mobile International to expand enterprise messaging services across Africa.
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IFC Commits $25 Million to Jumia in $50 Million Equity Raise
The International Finance Corporation has committed $25 million to Jumia Technologies AG as part of a $50 million equity raise aimed at expanding the company’s e-commerce and logistics operations across Africa.
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BII and Africa50 Sign Infrastructure Investment Pact Backed by $20 Million Commitment
British International Investment (BII) and Africa50 have signed a memorandum of understanding to expand joint infrastructure investment across Africa, with the UK development finance institution committing $20 million to the Africa50 Infrastructure Acceleration Fund.