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Author: Fred Kennedy
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Swedfund Backs Novastar’s Climate-Focused Fund with $10 Million to Drive Green Innovation in Africa
Swedfund, Sweden’s development finance institution, has committed $10 million to Novastar Ventures’ Africa People + Planet Fund III (NVIII), a venture capital fund targeting early-stage businesses in Africa.
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AfDB Invests $100 Million in ARISE IIP to Expand Industrial Parks Across Africa
The African Development Bank (AfDB) has committed $100 million to Arise Integrated Industrial Platforms Ltd (ARISE IIP), a leading developer and operator of industrial zones in Africa.
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ARC Ride Raises $5 Million in Funding from BII to Expand Electric Motorbikes in Kenya
British International Investment (BII) has committed $5 million in funding to ARC Ride to boost the adoption of electric motorbikes in Kenya.
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Roger Nengwe Ntafam is Bringing Banking to the Unbanked in Francophone Africa
Roger Nengwe Ntafam is a Cameroonian engineer and entrepreneur working to improve financial access for people in Francophone Africa.
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Lagos Crowned World’s Fastest-Growing Tech Hub as Kampala, Johannesburg Make Top 20 List
Lagos, Johannesburg, and Kampala have been named among the world’s fastest-growing tech hubs in the 2025 Global Tech Ecosystem Index by Dealroom.co.
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Chidalu Onyenso is Making Clean Energy Work for African Businesses
Chidalu Onyenso is a Nigerian-American entrepreneur using technology to solve one of Nigeria’s biggest problems: unreliable electricity.
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EAAIF Raises $325M to Support Infrastructure Projects in Africa and Asia
The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, has raised $325 million in new debt financing to support essential infrastructure development across Africa and Asia.
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EBRD and EU Partner to Accelerate Project Development in Sub-Saharan Africa
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a joint initiative to drive project development across six sub-Saharan African countries: Benin, Côte d’Ivoire, Ghana, Kenya, Nigeria, and Senegal.
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Impulse Biomedical Secures Backing from E Squared Investments and ANZA Capital
SA-based medical technology startup Impulse Biomedical has received a new round of funding from E Squared Investments and ANZA Capital.