Author: Fred Kennedy
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Village Capital Makes First Investments in Nigeria After Backing Trade Lenda and AirSmat
Village Capital has invested a combined $450,000 in Nigerian startups Trade Lenda and AirSmat through its $4 million Africa Ecosystem Catalysts Facility, extending the fund’s portfolio into Nigeria after its first investments in Ghana.
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Nomba Secures $3 Million Debt Facility to Expand Africa–Asia Payments From the DRC
Nigerian fintech Nomba has secured a $3 million debt facility from CardinalStone Finance Company Limited to expand cross-border payments infrastructure connecting businesses in Central Africa with trading partners in Asia.
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U.S. Extends AGOA Through 2028, Preserving Duty-Free Market Access for African Exports
The U.S. House of Representatives has approved a short-term government funding bill that would extend the African Growth and Opportunity Act (AGOA) through December 31, 2028, preserving duty-free access to the U.S. market for eligible sub-Saharan African countries for a further two years.
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ChipMango Raises $1.9 Million Seed Round to Expand Semiconductor Engineering Across Africa
ChipMango, a California-headquartered semiconductor technology company, has raised $1.9 million in seed funding to expand its commercial engineering services and workforce development platform across Africa, the United States, and Europe.
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AFC and Vision Invest Commit $300 Million to WIOCC Group’s African Digital Infrastructure Expansion
WIOCC Group has signed a Shareholder Subscription Agreement with Africa Finance Corporation (AFC) and Saudi Arabian infrastructure investor Vision Invest for a combined $300 million investment to expand its digital infrastructure operations across Africa.
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DOB Equity Invests in Uganda’s Irrisol Engineering to Expand Solar Water Networks
DOB Equity has invested in Irrisol Engineering, a Ugandan water infrastructure company that builds and operates solar-powered water systems for rural and peri-urban communities.
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All On and Energise Africa Invest $4 Million in Maskh Nigeria Solar Mini-Grid Project
All On and Energise Africa have invested $4 million in Maskh Nigeria Limited to develop solar-powered mini-grids in 19 communities across Jigawa and Bauchi states in northern Nigeria.
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Mamor Capital Reaches $18.6 Million First Close for South African Tech Fund
South African venture capital firm Mamor Capital Ventures has secured an approximately $18.6 million first close for its inaugural fund, giving it capital to invest in post-revenue technology businesses in the country.
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Africa’s $533 Billion Public Procurement Market
US$533 billion is the estimated annual value of public procurement across Africa in 2025. The estimate applies the World Bank’s 17% Africa-wide public procurement benchmark to US$3.14 trillion of aggregate nominal GDP across 54 African economies in the IMF’s April 2026 World Economic Outlook database.