Author: Fred Kennedy
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Africa’s $1 Trillion Agribusiness Opportunity
Africa’s food and agribusiness market is projected to reach $1 trillion by 2030, positioning the sector among the continent’s largest long-term economic opportunities.
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Maia Capital Invests $9 Million in Nesa Power to Expand South Africa’s Commercial Solar Market
Maia Capital Partners has committed R150 million (US$9.12 million) in mezzanine debt financing to South African renewable energy company Nesa Power, providing growth capital to expand its commercial and industrial (C&I) solar business and increase its portfolio of long-term power purchase agreements (PPAs).
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Bank of Industry Appoints Kuramo Capital to Manage $170.6 Million iDICE Fund of Funds
Nigeria’s Bank of Industry (BOI) has appointed Kuramo Capital Management as fund manager for the $170.6 million DICE Fund of Funds.
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Novastar Ventures and Google Launch Applied AI Lab to Back Africa’s Next Generation of AI Startups
Nairobi-based venture capital firm Novastar Ventures has partnered with Google to launch an Applied AI Lab that will give African startups and researchers access to advanced artificial intelligence technology, technical expertise, funding opportunities, and venture support.
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Catalyst Fund Reaches $30 Million Second Close to Scale Climate Tech Startups Across Africa
Catalyst Fund has completed the second close of its debut pan-African climate venture capital fund, bringing total commitments to $30 million as it expands backing for early-stage startups developing climate resilience solutions across Africa.
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Convergence Partners Eyes $20 Million Investment in Anzana to Expand Energy Infrastructure Across Africa
Convergence Partners Energy Finance (CPEF) has agreed indicative terms for a proposed $20 million structured capital investment in Anzana Electric Group, a move aimed at accelerating the expansion of hydropower and electricity distribution infrastructure across Africa.
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Spiro Secures $55 Million Investment From NewTrails Capital, Bringing Total Funding Round to $270 Million
African electric mobility company Spiro has secured a fresh $55 million investment from Chinese growth-stage investment firm NewTrails Capital, taking the value of its latest funding round to $270 million.
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Mercy Corps Ventures Invests in Logidoo to Expand Cross-Border Logistics Across Francophone Africa
Mercy Corps Ventures has invested in Logidoo, a technology-driven logistics platform focused on improving the movement of goods across French-speaking North and West Africa.
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IFC, AfDB and Partners Launch $176 Million Zafiri Platform, Appoint Inspired Evolution as Manager
A coalition of development finance institutions, philanthropic organizations, and private-sector investors has commercially launched Zafiri, a $176 million blended-finance platform designed to expand electricity access across sub-Saharan Africa through long-term investment in distributed renewable energy businesses.