Author: Fred Kennedy
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Babban Gona Raises $7.5M from BII to Expand Support for Nigeria’s Smallholder Farmers
Babban Gona, a leading agricultural technology social enterprise headquartered in Lagos, has secured a $7.5 million debt facility from British International Investment (BII), the United Kingdom’s development finance institution.
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Libya Inaugurates First-Ever Solar Facility in the Sahara Desert
Libya has officially commissioned its inaugural solar power facility in the remote southeastern town of Kufra, deep in the Sahara Desert near Egypt, Sudan, and Chad.
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UK Pushes to Bring More African IPOs to London
The British government is stepping up efforts to convince more African businesses to choose London as their gateway to international capital.
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Japan Pledges $1.5 Billion in Impact Investments for Africa at TICAD 9 Summit
In a keynote delivered at the Tokyo International Conference on African Development (TICAD 9), Japan unveiled plans to mobilize $1.5 billion in impact investments to support African nations’ transition to sustainable development and reduced carbon emissions.
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Inside Capital Backs RDG Africa to Accelerate Clean Energy Access in Zambia & DRC
Inside Capital Partners, a prominent private equity group operating across southeastern Africa, has injected fresh capital into RDG Africa, a solar home systems and clean-energy firm active in Zambia and the Democratic Republic of Congo (DRC).
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Finnfund Extends $4 Million Debt Support to Poa Internet to Bridge Kenya’s Digital Divide
Finnfund, a Finnish development finance institution, has committed a $4 million debt investment to Kenyan internet provider Poa Internet to accelerate the rollout of affordable, high-speed broadband across underserved and low-income communities in Kenya.
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Japanese VC Firms Uncovered Fund and Monex Launch $20 Million Fund to Invest in African and MENA Startups
Uncovered Fund, a Tokyo-based venture capital firm, has teamed up with Japanese financial services group Monex Ventures to roll out the Uncovered Monex Africa Investment Partnership (UMAIP)—a $20 million fund designed to fuel early-stage innovation across Africa and the Middle East.
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Ghana’s Complete Farmer Secures $5M Funding From Symbiotics to Strengthen Smallholder Farming
Swiss impact investor Symbiotics has provided a USD 5 million debt facility to Complete Farmer, the Ghanaian agritech startup focused on strengthening agricultural value chains in West Africa.
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Japanese Bank SMBC Invests in Novastar’s Africa People & Planet Fund III
Sumitomo Mitsui Banking Corporation (SMBC), under its parent Sumitomo Mitsui Financial Group (SMFG), has agreed to invest in the Novastar Ventures Africa People and Planet Fund III, L.P., managed by Novastar Ventures Ltd.