Author: Fred Kennedy
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Platinum Credit Uganda Secures $4 Million from Symbiotics to Expand Lending to MSMEs and Low-Income Households
Platinum Credit Uganda, the Ugandan microfinance arm of The Platcorp Group, has attracted a fresh injection of capital after securing a $4 million investment from Swiss asset manager Symbiotics to bolster lending to underserved communities and small businesses across the country.
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Nigeria Secures $126 Million from EBRD and EU for Nationwide Fibre Expansion Under Project BRIDGE
Nigeria has secured its first significant financial commitments from European institutions to back its ambitious national fibre-optic expansion plan, Project BRIDGE, aimed at ensuring high-speed internet access in every one of the country’s 774 local government areas.
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Sahel Capital Backs Uganda’s Sukuma Commodities to Accelerate Coffee Export Growth
Ugandan coffee exporter Sukuma Commodities has secured an expanded financial commitment of $1.8 million from Sahel Capital’s Social Enterprise Fund for Agriculture in Africa (SEFAA).
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AfDB and UNDP Launch $10 Billion AI Initiative to Create 40 Million Jobs Across Africa
The African Development Bank Group (AfDB) and the United Nations Development Programme (UNDP) have announced a major new plan aimed at expanding the use of artificial intelligence (AI) across Africa to foster inclusive economic growth and create jobs.
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LoftyInc Capital Co-Leads $4 Million Seed Round in Moroccan Fintech WafR Through New Alpha Fund
Moroccan fintech startup WafR has successfully raised $4 million in a seed funding round that drew strong interest from investors, marking one of the first deals from LoftyInc Capital’s new Alpha Fund.
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Spiro Secures $50 Million Debt Financing to Expand Electric Mobility Network Across Africa
Spiro, a leading African electric mobility company, has secured $50 million in debt financing in a new funding round that will accelerate the expansion of its battery-swapping infrastructure and related clean mobility technologies across the continent.
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Swedfund Invests €15 Million in Hummingbirds Gondwana to Scale Nature Projects in Africa
Swedfund has committed €15 million to a new climate-focused financing platform called Hummingbirds Gondwana, aimed at backing nature-based solutions around the world.
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Proparco Commits $42 Million to DPI’s Fourth Africa-Focused Private Equity Fund
Proparco, the French development finance institution, has pledged $42 million toward the initial closing of African Development Partners IV (ADP IV), the newest investment fund managed by London-based private equity firm Development Partners International (DPI).
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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.