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Author: Fred Kennedy
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IMF: Sub-Saharan Africa’s Economy to Grow by 4.0% in 2025, Adding $3.6 Billion in Output
The International Monetary Fund (IMF) has released its July 2025 update on the global economy. For Africa, the outlook is cautiously optimistic.
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South African Travel Fintech TurnStay Raises $2 Million in Seed Round to Expand
Travel‑centric fintech TurnStay has closed a $2 million seed financing round. The round was led by First Circle Capital.
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Mediterrania Capital and CDG Invest Inject $59 Million into Dislog’s Medical Devices Arm
Mediterrania Capital Partners (MCP) and CDG Invest Growth have made a combined capital injection of $59 million into Dislog Dispositifs Médicaux (DDM), the medical device subsidiary of Dislog Group.
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Botswana Partners with Zotus to Develop Dubai-Inspired $20 Billion Smart City in Kalahari Desert
Botswana has launched one of the most ambitious infrastructure projects in its history — a $20 billion smart city in the Kalahari Desert, known as Kalahari City.
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Wuilt Raises $2 Million to Help Egyptian Businesses Launch Online Stores for Free
Wuilt, an Egyptian e‑commerce infrastructure startup, has secured $2 million in new financing.
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EBRD Invests $80 Million in North Africa Fund to Support Local Businesses
The European Bank for Reconstruction and Development (EBRD) has pledged up to US $80 million as a founding investor in the North Africa Fund III (NAF III).This fund is managed by RMBV.
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Nigeria’s MAX Leads Green Revolution with First-Ever Solar Battery Swap Station in West Africa
Nigerian electric mobility startup MAX has introduced its first solar-powered battery swap station, aiming to offer a clean and reliable energy solution for transport operators across West Africa.
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SUN Mobility to Expand Battery-Swapping Solutions into Africa with Helios Climate and PIDG Backing
Helios Climate, a platform focused on climate investments, has partnered with the Private Infrastructure Development Group (PIDG) to back SUN Mobility, an Indian company specializing in energy infrastructure for electric vehicles (EVs).
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SA-Based VC Firm HAVAÍC Secures $25 Million in Second Close of African Innovation Fund 3
Cape Town-based venture capital firm HAVAÍC has completed the second closing of its African Innovation Fund 3, raising $25 million towards its $50 million target.