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Author: Fred Kennedy
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COMESA Unveils Digital Payment Platform to Boost Intra-African Trade in Local Currencies
The Common Market for Eastern and Southern Africa (COMESA) has unveiled a new digital payments system that enables businesses to conduct cross-border trade using local currencies rather than relying on the US dollar.
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Cameroon’s REasy Raises $1.8 Million to Make Cross-Border Payments Easier for African Importers
REasy, a trade finance startup based in Cameroon, has raised $1.8 million in pre-seed funding to make it easier for small and mid-sized businesses in Africa to pay international suppliers.
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Inspired Evolution Invests $20 Million in Cold Solutions East Africa
Inspired Evolution, through its Evolution III Fund, has invested $20 million in Cold Solutions East Africa Holdings (CSEAHL), a company that builds and operates temperature-controlled warehouses and logistics facilities across East Africa.
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African Startups Raise $140 Million in September, Bringing 2025 Total Funding to $2.2 Billion
African startups raised $140M in September 2025, bringing total funding to $2.2B. Explore key sectors, top deals, and ecosystem growth trends.
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IFC Proposes $6 Million Equity Investment in Catalyst Fund to Drive Growth of Africa’s Climate-Tech Startups
The International Finance Corporation (IFC) is considering an equity commitment of up to $6 million to Catalyst Fund, a climate-technology venture vehicle targeting $40 million for early-stage investments across Africa.
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Egypt’s Tagaddod Secures $26.3 Million Series A to Drive Global Expansion in Renewable Feedstocks
Egyptian cleantech company, Tagaddod, has secured $26.3 million in a Series A funding round aimed at accelerating its expansion and deepening its capabilities in the renewable feedstocks market across Africa, Asia and Europe.
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Gabon’s POZI Secures €650,000, Marking First Foreign VC Investment in Country’s Tech Scene
Gabonese telematics and fleet management startup POZI has raised €650,000 (about USD 690,000) in a funding round led by Saviu Ventures, with participation from Emsy Capital and advisory firm Chazai Wamba
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Africa to Get Share of PayPal’s $100 Million Investment Aimed at Powering Digital Innovation and Economic Growth
PayPal has announced plans to invest US$100 million across the Middle East and Africa, aiming to accelerate innovation, boost entrepreneurship, and nurture more inclusive economic growth in a region experiencing a surge in digital commerce activity.
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African Union Pledges $100 Million to Transform Agrifood Systems Across Africa by 2035
The African Union (AU) has pledged to mobilize $100 million in public and private investment to overhaul and strengthen Africa’s agrifood systems by 2035.