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Author: Fred Kennedy
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SIFEM Invests in Alterra Capital Partners’ Accelerator Fund to Boost Early-Stage Businesses in Africa
The Swiss Investment Fund for Emerging Markets (SIFEM) has confirmed its support for the Alterra Africa Accelerator Fund I, which is managed by Alterra Capital Partners.
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Africa’s Business Heroes Unveils Top 50 Finalists for 2025 Prize
Africa’s Business Heroes (ABH), a program under Alibaba Philanthropy, has named the 50 finalists for its 2025 edition, drawing from a record number of applicants across the continent.
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Google Commits $37 Million to Expand AI Development in Africa
Google has announced a $37 million investment to advance artificial intelligence (AI) initiatives across Africa.
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Visa Opens First African Data Centre in Johannesburg to Strengthen Fintech Infrastructure
Visa has launched its first data centre in Africa, selecting Johannesburg, South Africa, as the location.
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Meta Acquires Egyptian Voice AI Start-Up PlayAI
PlayAI, a voice technology company founded by Egyptians Mahmoud Felfel and Hammad Syed, has been acquired by Meta, according to an announcement by global venture capital firm 500 Global.
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Gather Ventures, Backed by Rihanna, Invests in African Women-Led Climate Startups
Gather Ventures, a firm founded by Kenyan-born Jo Opot, has launched a climate-focused investment fund aimed at supporting women-led startups across Africa. The fund is financially supported by Rihanna’s Clara Lionel Foundation.
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Egyptian Fintech Flend Raises $3 Million to Scale SME Lending Services
Flend, a financial technology company focused on small and medium-sized enterprise (SME) lending, has secured $3 million in seed funding through a combination of equity and debt financing.
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AfDB Approves $40 Million to Boost Renewable Energy Access in Africa
The African Development Bank (AfDB) has committed $40 million in equity investment to Project Zafiri, a new initiative aimed at expanding access to renewable energy in Africa.
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Ethiopia Introduces First Local Credit Card to Modernize Its Financial System
Ethiopia has launched its first locally issued credit card, marking a key step toward digital transformation in its financial services.