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Author: Fred Kennedy
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Botswana Inks Historic Game-Changing Diamond Deal with De Beers
Botswana and De Beers have concluded a historic 10-year agreement that strengthens the country’s position in diamond sales while reinforcing its critical mining sector.
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Summit Africa Launches Private Equity Fund with $20 Million Anchor Investment from BII
Summit Africa, a South African fund manager, has launched its second private equity fund, Summit Private Equity Fund II (SPEF II), with an initial $20 million anchor investment from British International Investment (BII), the UK’s development finance institution and impact investor.
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Supamoto Receives $4.3 Million Investment from PIDG and EDFI for Clean Cooking Expansion in Zambia
The Private Infrastructure Development Group (PIDG) and EDFI Management Company, through the Electrification Financing Initiative (ElectriFI), have committed €4 million to support the expansion of Emerging Cooking Solutions (Supamoto) in Zambia.
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Gozem Raises $30 Million in Series B Funding to Expand Digital Services in Francophone Africa
West African super app Gozem has raised $30 million in Series B funding to drive its expansion and enhance digital services across Francophone Africa.
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Alterra Capital Partners Invests in ARP Africa Travel Group to Boost Regional Expansion
Alterra Capital Partners has announced an investment in ARP Africa Travel Group, collaborating with the founding family to drive the company’s expansion across East Africa and beyond.
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Gbenga Ajayi is Leading Africa’s Fintech Investment and Digital Finance Transformation
Gbenga Ajayi is a fintech investor, strategist, and thought leader deeply committed to transforming Africa’s digital financial landscape.
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AFC Secures $400 Million Islamic Finance Facility to Boost African Infrastructure
Africa Finance Corporation (AFC), a key player in infrastructure financing across the continent, has successfully raised $400 million through a Shariah-compliant Commodity Murabaha facility.
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KCB Bank Secures $100 Million from BII to Boost Climate and Women-Led Business Financing
KCB Bank Kenya has received a significant financial boost from British International Investment (BII), securing a $100 million Tier 2 capital facility aimed at expanding lending to climate-related initiatives and women-owned businesses.
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Ghana’s Oze Secures Investment to Scale Lending Solution for SMEs in Africa
Oze, a Ghanaian fintech startup specializing in digital recordkeeping and financial services for micro, small, and medium enterprises (MSMEs), has received fresh funding from investors, including Visa and DEG.