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Author: Fred Kennedy
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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.
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African Development Bank Partners with Aerosense to Roll Out Drone Technology Across Africa
The African Development Bank (AfDB) and Japanese drone manufacturer Aerosense Inc. have formalized a collaborative pact aimed at expanding drone-based solutions in Africa.
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Ghana to Become Africa’s First AI-Powered Farming Hub Following $100M Degas Investment
Japanese agri-tech innovator Degas Limited has pledged a US $100 million investment over four years to help transform Ghana into Africa’s inaugural AI-driven agricultural hub.
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Axian Energy and Sika Capital to Build Four Solar Power Plants in Benin in $49 Million Project
Benin is moving forward with a major renewable energy initiative through a partnership between Axian Energy, a pan-African developer, and Sika Capital Bénin.
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Cygnum Capital’s FEI Backs Qair’s Floating Solar Project in Seychelles with $5.7 Million
The Facility for Energy Inclusion (FEI), managed by Cygnum Capital, will provide a $5.7 million senior debt facility as the sole lender to finance Qair Group’s 5.8 MWp floating solar project in Seychelles.
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South Africa Launches First AI Tutor Robot, Iris, to Bridge Education Gaps
South Africa has introduced its first AI-powered tutor robot, Iris, at a launch event in Durban, a move expected to reshape the country’s education system.
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Sahel Capital Secures $10 Million from Mastercard Foundation to Back Agri-SMEs in Africa
Sahel Capital, manager of the Social Enterprise Fund for Agriculture in Africa (SEFAA), has secured a $10 million commitment from the Mastercard Foundation Africa Growth Fund, which is administered by Mennonite Economic Development Associates (MEDA) in Mauritius.