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Author: Fred Kennedy
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MTN’s Bayobab Partners with Zoom to Accelerate Africa’s Digital Transformation
MTN Digital Infrastructure, trading as Bayobab and part of the MTN Group, has partnered with Zoom Communications, Inc. to boost digital inclusion and enhance business connectivity across Africa.
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African Union Unveils $170 Billion Annual Infrastructure Drive, Earmarks $30 Billion for Aviation Modernization
This week in Luanda, Angola, the African Union (AU) held its third high-level summit, uniting African transport ministers, airline CEOs, and representatives from the World Bank and European Commission.
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Mediterrania Capital Partners Backs Coris Holding with €100 Million to Boost Financial Inclusion in West Africa
Private equity firm Mediterrania Capital Partners has announced a €100 million co-investment into Coris Holding, the second-largest banking group in the West African Economic and Monetary Union (WAEMU) region.
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DEG Invests $25 Million in Helios Fund V to Support Growth of African Enterprises
Germany’s development finance institution DEG has announced a US$25 million commitment to Helios Fund V, the fifth private-equity vehicle managed by London-based Helios Investment Partners.
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AfDB Approves $75 Million for Nyanza Light Metals to Advance South Africa’s Titanium Processing Industry
The African Development Bank (AfDB) has pledged US$75 million in financing to Nyanza Light Metals, a South Africa–based company, to help establish a titanium-dioxide pigment production facility in the Richards Bay Industrial Development Zone (RBIDZ), KwaZulu-Natal.
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Green Climate Fund commits to $40 million investment in Novastar Ventures Fund III
The global climate finance body, the Green Climate Fund (GCF), has pledged up to US$40 million to the third fund of Novastar Ventures in Africa — the Africa People and Planet Fund III (NVIII).
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Ivory Coast E-Commerce Platform ANKA Acquired by US Retail Technology Company Global Shop Group
Ivorian-based e-commerce company, ANKA, has been acquired by US-firm Global Shop Group, marking the latter’s entry into Africa’s fashion and commerce infrastructure marketplace.
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Nvidia Invests in Cassava Technologies to Power Africa’s AI Infrastructure Expansion
Cassava Technologies, the pan-African digital-infrastructure group founded by Strive Masiyiwa, has announced that it has secured a strategic investment from global chip manufacturer NVIDIA.
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Egypt-Born AI Startup Velents.ai Raises $1.5 Million to Launch the First Arabic-Speaking AI Employee
Enterprise-AI startup Velents.ai has raised US $1.5 million in a new funding round as it launches Agent.sa, which it describes as the first fully integrated Arabic-speaking AI employee tailored for organisations across the Middle East.