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Author: Fred Kennedy
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Huawei Launches Smart Warehouse in South Africa to Transform African Logistics
Huawei South Africa has unveiled a cutting-edge smart warehouse in Johannesburg, marking a major development in the region’s logistics landscape.
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Zimi Gets $320,000 to Turn Electric Vehicles into Backup Power Sources in South Africa
South African electric vehicle startup Zimi has received a grant of $320,000 (about R6 million) from the Energy and Environment Partnership (EEP Africa Trust Fund).
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Scalar and Mergence Launch $150 Million Fund to Boost Clean Energy and Digital Infrastructure in Southern Africa
Scalar International and Mergence Investment Managers have launched a new $150 million private equity fund to support clean energy and digital infrastructure projects in the region.
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South African Fintech Startup Stitch Secures $55 Million in Series B Funding
South African payments company Stitch has raised $55 million in its latest Series B funding round, pushing its total funding to $107 million.
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Shirley Somuah is Driving Economic Growth in Africa by Backing Local Businesses and Empowering Youth
Shirley Somuah is a Ghanaian investment professional and partner at CardinalStone Capital Advisers (CCA), a private equity firm that focuses on growing small and medium-sized businesses in West Africa, especially in Nigeria and Ghana.
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DPI Launches New Venture Capital Arm to Support African Tech Startups
Development Partners International (DPI), a major private equity investor, has raiseda new venture capital platform aimed at supporting technology startups across Africa.
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ARM-Harith Secures $12.5 Million Investment from FSD Africa to Boost Climate Infrastructure in Nigeria
FSD Africa Investments (FSDAi), a UK-backed development finance investor, has announced a $12.5 million investment into the ARM-Harith Climate and Transition Infrastructure Fund (ACT Fund) to attract more local capital into climate-related infrastructure projects across Nigeria.
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Arnergy Closes $18 Million Series B Round to Scale Solar Access in Nigeria
Nigerian clean energy company Arnergy has secured $15 million in new Series B funding, bringing its total for the round to $18 million following a $3 million raise in 2023.
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Egyptian Quick Commerce Startup Rabbit Raises Undisclosed Funding For Expansion
Rabbit, a fast-growing quick commerce startup from Egypt, has officially entered the Saudi Arabian market and opened its regional headquarters in Riyadh.