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Author: Fred Kennedy
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BII, AfDB, and EBRD Commit $479M in Scatec’s Solar Project to Boost Egypt’s Clean Energy Capacity
The British International Investment (BII), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD)—have pledged a combined $479.1 million to Obelisk Solar Power, a project vehicle owned by renewable energy company Scatec.
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Egyptian Startup Octane Secures $5.2M to Expand Fleet Payment Platform Across MENA
Octane, a fintech firm specializing in digital payment solutions for fleet operations, has successfully raised $5.2 million in a funding round aimed at accelerating its regional growth and technological development.
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Tesla Enters Africa with First Office on the Continent in Morocco
Tesla has officially entered the African market by launching its inaugural office in Casablanca, Morocco.
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DisrupTech Ventures Invests in Nigerian Agri-Tech Startup Winich Farms
DisrupTech Ventures, a fintech-focused investment firm based in Egypt, has made its first investment outside Egypt by backing Nigerian startup Winich Farms. The funding is part of Winich’s pre-Series A round.
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Nigerian-Born Startup Moove Set to Become Africa’s Next Unicorn with $300 Million Equity Raise
Nigerian mobility fintech Moove is seeking to raise $300 million in equity funding, a move that could elevate its valuation beyond $1 billion, positioning it among Africa’s unicorn startups.
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CrossBoundary Access and ANKA Launch $20 Million Project to Bring Electricity to 62,000 People in Madagascar
CrossBoundary Access and ANKA have entered into a $20 million agreement to set up and manage a series of solar-powered mini-grids in Madagascar.
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Zero Carbon Charge Secures $5.6 Million to Expand Off-Grid EV Charging Network in South Africa
Zero Carbon Charge, a South African startup specializing in off-grid, solar-powered electric vehicle (EV) charging stations, has received a R100 million (approximately US$5.6 million) equity investment from the Development Bank of Southern Africa (DBSA).
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Biola Alabi: From Media Executive to VC Leader Shaping Africa’s Innovation Future
Biola Alabi is an investor, business executive, and ecosystem builder who plays a key role in driving innovation and entrepreneurship in Africa.
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Nigeria’s Yikodeen Raises $1.5 Million Investment from Aruwa Capital to Expand Safety Footwear Production
Nigerian safety footwear manufacturer Yikodeen has secured a $1.5 million investment from Aruwa Capital Management to enhance its production capabilities and broaden its market reach.