Author: Fred Kennedy
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ThriveAgric Raises $3.93 Million in Debut Commercial Paper Issuance
ThriveAgric has raised approximately $3.93 million through its first commercial paper issuance to finance commodity purchases and agricultural trading in Nigeria.
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CardinalStone Capital Advisers Raises $76 Million at First Close of West Africa Growth Fund II
CardinalStone Capital Advisers has raised $76 million at the first close of CCA Growth Fund II, securing capital to invest in small and medium-sized businesses across West Africa.
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Edge Growth Launches African Scale-Up Debt Fund With $21.9 Million First Close
South African SME investment and business development firm Edge Growth has launched a catalytic debt fund for established, technology-enabled scale-ups after securing approximately $21.9 million at first close.
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Egypt Completes Africa’s First 6 GHz Mobile Trial With Telecom Egypt and Huawei
Egypt’s National Telecommunications Regulatory Authority (NTRA), Telecom Egypt, and Huawei have completed Africa’s first trial of mobile services using the upper 6 GHz band, achieving data speeds of approximately 1.7 gigabits per second for each user.
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Ninety One Closes Africa Credit Opportunities Fund 3 at $404 Million
Ninety One has reached the final close of its Africa Credit Opportunities Fund 3 at $404 million, including leverage, to finance businesses and critical infrastructure projects across Africa and other emerging markets.
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Africa Finance Corporation Raises $431 Million Through Five-Year Digital Bond
Africa Finance Corporation has raised approximately $431 million (CHF 350 million) through a five-year digital bond to support its general funding requirements and expand its capacity to finance infrastructure across Africa.
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Convergence Partners Leads Undisclosed Series C Round in African Fintech Yellow
Convergence Partners has led an undisclosed Series C funding round in Yellow, an African fintech that finances smartphones and off-grid solar products.
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AfDB and Italy’s CDP Approve $35 Million Investment in RMBV North Africa Fund III
The African Development Bank Group and Cassa Depositi e Prestiti, Italy’s national promotional institution and development finance institution, have approved a combined $35 million equity investment in RMBV North Africa Fund III.
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Genser Energy Secures $529 Million Credit Package for West African Energy Projects
Genser Energy has secured term and revolving credit facilities worth approximately $529 million (€456 million) to complete gas and power infrastructure in Ghana, strengthen its balance sheet, and support expansion into Côte d’Ivoire and other West African markets.