Author: Fred Kennedy
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DPI Closes $190 Million Investment in Egypt’s Alameda Healthcare, Marking Country’s Largest Private Healthcare Deal
Development Partners International (DPI), the London-based private equity firm focused on African markets, has closed a $190 million funding deal with Alameda Healthcare, a leading private hospital group based in Egypt.
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Rwanda Signs Landmark AI Deal with Anthropic to Strengthen Health, Education and Public Services
The Government of Rwanda and Anthropic, a U.S.–based artificial intelligence research company, have formalised a three-year memorandum of understanding to extend the use of AI across key national systems, including health, education, and public services.
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Egypt’s Flextock Raises $12.6 Million Series A to Scale E-Commerce Infrastructure
Egypt-based e-commerce enablement startup Flextock has secured $12.6 million in a Series A funding round as it looks to deepen its footprint in the Middle East and North Africa’s fast-growing online retail market.
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Egypt’s Breadfast Secures $50 Million Pre-Series C Funding to Drive Expansion Across Africa
Egypt’s Breadfast, a Cairo-based e-commerce and quick-commerce platform, has raised $50 million in a pre-Series C funding round from a group of prominent regional and international investors as it gears up for broader expansion and a larger financing round expected in the first half of 2026.
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IFC Proposes $5 Million Investment in Kenya’s Arc Ride to Support East Africa Expansion Plans
Kenyan clean-transport startup Arc Ride has secured a $5 million equity commitment from the International Finance Corporation (IFC), the private investment arm of the World Bank Group, to support its plans to expand across East Africa.
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Skoot Launches Electric Three-Wheeler in Kenya with Battery Swapping Technology
Skoot Technology has officially introduced its Skoot e3W, an electric three-wheeler for commercial drivers in Kenya, featuring SUN Mobility’s swap-and-go battery technology and distributed locally by Car & General.
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HAVAÍC Secures Over $30 Million for African Innovation Fund 3 After New Backing from E Squared Investments
Cape Town-based venture capital firm HAVAÍC has confirmed another fundraising milestone for its African Innovation Fund 3, bringing new capital commitments to more than $30 million as it works toward its $50 million target.
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Terra Raises $22 Million Just One Month After Record $11.8 Million Round
Terra Industries, a defence technology company based in Nigeria, has secured an additional $22 million in funding, one month after closing an $11.8 million round, bringing its total investment haul to about $34 million.
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IFC Discloses Proposed $8 Million Investment in Aruwa Capital Fund II
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is planning to invest up to $8 million in Aruwa Capital Fund II, a private equity fund targeting small and medium-sized enterprises (SMEs) in West Africa.