Fred Kennedy, Author at Empower Africa

Scalar and Mergence Launch $150 Million Fund to Boost Clean Energy and Digital Infrastructure in Southern Africa

Apr 17, 2025

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Scalar International and Mergence Investment Managers have launched a new $150 million private equity fund to support clean energy and digital infrastructure projects in the region.

South African Fintech Startup Stitch Secures $55 Million in Series B Funding

Apr 17, 2025

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Fred Kennedy

in New Investments

South African payments company Stitch has raised $55 million in its latest Series B funding round, pushing its total funding to $107 million.

Shirley Somuah is Driving Economic Growth in Africa by Backing Local Businesses and Empowering Youth

Apr 16, 2025

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Fred Kennedy

in African Changemakers

Shirley Somuah is a Ghanaian investment professional and partner at CardinalStone Capital Advisers (CCA), a private equity firm that focuses on growing small and medium-sized businesses in West Africa, especially in Nigeria and Ghana.

DPI Launches New Venture Capital Arm to Support African Tech Startups

Apr 16, 2025

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Fred Kennedy

in New Investments

Development Partners International (DPI), a major private equity investor, has raiseda new venture capital platform aimed at supporting technology startups across Africa.

ARM-Harith Secures $12.5 Million Investment from FSD Africa to Boost Climate Infrastructure in Nigeria

Apr 16, 2025

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Fred Kennedy

in New Investments

FSD Africa Investments (FSDAi), a UK-backed development finance investor, has announced a $12.5 million investment into the ARM-Harith Climate and Transition Infrastructure Fund (ACT Fund) to attract more local capital into climate-related infrastructure projects across Nigeria.

Arnergy Closes $18 Million Series B Round to Scale Solar Access in Nigeria

Apr 15, 2025

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Fred Kennedy

in New Investments

Nigerian clean energy company Arnergy has secured $15 million in new Series B funding, bringing its total for the round to $18 million following a $3 million raise in 2023.

Egyptian Quick Commerce Startup Rabbit Raises Undisclosed Funding For Expansion

Apr 15, 2025

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Fred Kennedy

in New Investments

Rabbit, a fast-growing quick commerce startup from Egypt, has officially entered the Saudi Arabian market and opened its regional headquarters in Riyadh.