Author: Fred Kennedy
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South Africa’s Shiprazor Secures $2.65 Million to Tackle Africa’s E-Commerce Delivery Challenges
Cape Town-based logistics startup Shiprazor has secured $2.65 million in seed funding as it looks to address one of the biggest bottlenecks facing Africa’s fast-growing e-commerce sector: the high cost and complexity of deliveries.
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Secha Capital Secures New Backing from E Squared for $40 Million SME Growth Fund
Secha Capital has secured additional backing for its second growth fund, bringing in E Squared Investments as a new investor as it advances toward its fundraising target.
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Proparco Backs Novastar’s $147 Million Africa Climate-Focused Fund With $5 Million Commitment
Proparco, the private sector arm of the French Development Agency, has invested $5 million in Novastar Ventures’ Africa People and Planet Fund III, which has now reached a final close of $147 million.
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Metalosul Secures Enko Capital Funding for Major Solar Expansion in Angola
Enko Capital has made a new investment in Angola’s renewable energy sector through its Impact Credit Strategy, supporting a large-scale solar project being developed by Metalosul, a subsidiary of the Omatapalo Group.
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Ethiopia’s Dodai Raises $13 Million to Expand Electric Motorbike and Battery-Swapping Network
Ethiopian electric mobility startup Dodai has secured $13 million in fresh funding to scale its electric motorbike operations and battery-swapping network, as the country pushes toward cleaner transport solutions.
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IFC Proposes $40 Million Investment in Cygnum Capital’s Facility for Energy Inclusion Fund
The International Finance Corporation (IFC) is considering an equity investment of up to $40 million in the Facility for Energy Inclusion (FEI), a continent-wide debt fund focused on expanding access to renewable energy in Africa.
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BII Targets £9 Billion Investment Push into Africa with New Five-Year Strategy
British International Investment (BII), the UK government’s development finance institution, has announced a new five-year plan to channel £9 billion into African economies, with a strong push to attract private investors and expand activity in underserved markets.
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AFC Establishes Nairobi Regional Office to Drive Over $2 Billion in East Africa Infrastructure Investments
The Africa Finance Corporation (AFC) has formalized plans to open its first regional office in Nairobi following the signing of a Host Country Agreement with the Government of Kenya, marking a new phase in infrastructure financing and industrial development across East Africa.
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Eswatini-Born Swoop Raises $7.3 Million Seed Round to Launch Food Delivery Expansion in Nigeria
Swoop, a food delivery startup founded in Eswatini, has secured $7.3 million in seed funding as it prepares to enter Nigeria, marking its first expansion beyond its home market.