Author: Fred Kennedy
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RMBV, Proparco Invest $90 Million in Morocco’s Africa Feed & Food to Boost Agri-Food Growth
RMBV’s North Africa Fund has committed MAD 850 million (approximately $90 million) to Africa Feed & Food (AFF), a Moroccan agro-industrial company, in a deal that also brings in French development finance institution Proparco.
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Littlefish Raises $9.5 Million Series A to Expand Merchant Infrastructure for African Banks
South African fintech startup Littlefish has secured $9.5 million in Series A funding to accelerate the growth of its merchant services platform across Africa, as demand rises for better digital tools to support small businesses.
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BII and Deutsche Bank Launch $150 Million Trade Finance Initiative to Unlock Capital in Africa’s Frontier Markets
British International Investment (BII) has announced a $150 million risk-sharing agreement with Deutsche Bank, marking the first collaboration between the UK development finance institution and the German lender.
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Adenia Secures $180 Million First Close for SME-Focused Africa Fund
Africa-focused private equity firm Adenia Partners has secured $180 million at the first close of its Adenia Entrepreneurial Fund I (AEF), hitting its maximum fundraising limit in under a year.
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Microsoft to Train 3 Million Africans in AI skills by 2026
Microsoft has announced plans to train three million people across Africa in artificial intelligence (AI) skills in 2026, marking a significant expansion of its efforts to grow its presence on the continent and respond to rising competition from alternative AI platforms.
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Standard Bank Backs Enko Education with $22 Million to Expand Pan-African School Network
Standard Bank has arranged a $22 million debt facility for Enko Education, providing fresh capital to support the school network’s expansion across Africa.
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South Africa’s Happy Pay Raises $5 Million to Expand Ad-Supported BNPL Model in Africa
South African fintech startup Happy Pay has secured $5 million in seed funding as it looks to expand a new approach to buy-now-pay-later (BNPL) services built around advertising rather than consumer fees.
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How Hello Tractor is Scaling Farm Mechanization to Improve Smallholder Productivity in Africa
Hello Tractor is scaling farm mechanization across Africa, connecting smallholder farmers to equipment and increasing productivity and incomes.
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Starsight Secures $15 Million from BII to Scale Solar Energy Projects in West Africa
Starsight Energy Africa Group has raised $15 million in mezzanine debt financing from British International Investment (BII), in a move aimed at scaling its clean energy operations across West Africa, particularly in Nigeria.