Author: Fred Kennedy
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Proparco Commits $15 Million to Capitalworks IV to Back South African Mid-Market Companies
Proparco has committed $15 million to Capitalworks IV, a private equity fund managed by South African investment firm Capitalworks, to support the expansion of mid-sized businesses in South Africa.
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ARC Ride Raises $33.3 Million to Expand Electric Mobility Infrastructure Across Africa
Kenya-based electric mobility company ARC Ride has raised $33.3 million in equity and debt financing to expand its battery-swapping network and electric two- and three-wheeler platform in Kenya and additional African markets.
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AHL Venture Partners Secures Second Close of Africa Credit Fund at $45.5 Million
AHL Venture Partners has completed the second close of its AHL Africa Credit Fund I at $45.5 million, advancing the private credit vehicle toward its $70 million fundraising target.
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Village Capital Makes First Investments in Nigeria After Backing Trade Lenda and AirSmat
Village Capital has invested a combined $450,000 in Nigerian startups Trade Lenda and AirSmat through its $4 million Africa Ecosystem Catalysts Facility, extending the fund’s portfolio into Nigeria after its first investments in Ghana.
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Nomba Secures $3 Million Debt Facility to Expand Africa–Asia Payments From the DRC
Nigerian fintech Nomba has secured a $3 million debt facility from CardinalStone Finance Company Limited to expand cross-border payments infrastructure connecting businesses in Central Africa with trading partners in Asia.
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U.S. Extends AGOA Through 2028, Preserving Duty-Free Market Access for African Exports
The U.S. House of Representatives has approved a short-term government funding bill that would extend the African Growth and Opportunity Act (AGOA) through December 31, 2028, preserving duty-free access to the U.S. market for eligible sub-Saharan African countries for a further two years.
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ChipMango Raises $1.9 Million Seed Round to Expand Semiconductor Engineering Across Africa
ChipMango, a California-headquartered semiconductor technology company, has raised $1.9 million in seed funding to expand its commercial engineering services and workforce development platform across Africa, the United States, and Europe.
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AFC and Vision Invest Commit $300 Million to WIOCC Group’s African Digital Infrastructure Expansion
WIOCC Group has signed a Shareholder Subscription Agreement with Africa Finance Corporation (AFC) and Saudi Arabian infrastructure investor Vision Invest for a combined $300 million investment to expand its digital infrastructure operations across Africa.
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DOB Equity Invests in Uganda’s Irrisol Engineering to Expand Solar Water Networks
DOB Equity has invested in Irrisol Engineering, a Ugandan water infrastructure company that builds and operates solar-powered water systems for rural and peri-urban communities.