Author: Fred Kennedy
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Dubai-Based Maser Group to Invest $1.6 Billion in Africa’s Data Centres and Farmland
Dubai-based manufacturer Maser Group is repositioning itself in Africa, channeling a large portion of its capital into agricultural land and digital infrastructure projects as the continent grapples with rising food import bills and a fast-growing need for data capacity.
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Delta40 Raises $20 Million to Expand Africa-Focused Venture Studio and Early-Stage Fund
Delta40, an Africa-focused venture builder, has successfully raised $20 million to expand its combined venture studio and early-stage investment fund, a financing round the firm says is the first institutional raise of its kind on the continent to merge hands-on company building with seed capital.
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Phatisa Raises $86 Million in First Close to Scale Food Value Chain Businesses in Africa
Phatisa Food Fund 3, a new investment vehicle aimed at supporting food-related businesses across Africa, has successfully secured $86 million in initial commitments, marking the first major fundraising milestone since the fund’s launch.
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South African Fintech Lula Raises $21 Million from FMO to Expand SME Lending Platform
South African fintech company Lula has secured a R340 million (about US$21 million) investment from the Dutch entrepreneurial development bank FMO to broaden its reach to small and medium-sized enterprises (SMEs) across the country.
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Rwanda Signs $150 Million Expansion Deal With US-Based Zipline for Nationwide Drone Medical Deliveries
Rwanda has reached a major milestone with US drone delivery firm Zipline, signing a new pact that sets the stage for nationwide autonomous medical logistics.
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British International Investment Commits $5 Million to Ethiopian Teff Producer Lovegrass
British International Investment (BII), the United Kingdom’s development finance institution, has announced a new $5 million funding package for Lovegrass Ethiopia, a food company transforming the ancient grain teff into consumer products for both local consumption and export markets.
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Proparco Backs Helios Climate Fund to Scale Private Investment in Africa’s Green Transition
Proparco, the French development finance institution, has confirmed a new capital commitment to the Helios Climate Fund, a climate-oriented investment vehicle overseen by Helios Investment Partners.
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Mobility Fintech GoCab Raises $45m to Scale Driver Ownership and Electric Vehicles Across African Cities
London–headquartered mobility and financial services startup GoCab has announced a $45 million financing package to accelerate its growth across Africa and other emerging markets.
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EIB Commits $80 Million to Apis Growth Fund III to Expand Financial Services in Africa and Asia
The European Investment Bank (EIB) has confirmed an $80 million equity commitment to the Apis Growth Fund III, a major private equity vehicle led by Apis Partners that focuses on scaling financial services companies in emerging markets.