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Author: Fred Kennedy
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Kenya’s Octavia Carbon Secures $5 Million in Seed Funding to Advance Carbon Removal from Air
Kenyan startup Octavia Carbon has successfully raised $5 million in seed funding to advance its innovative direct air capture (DAC) technology, which aims to remove carbon dioxide (CO2) from the atmosphere using geothermal resources, particularly waste heat.
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Tunji Andrews is Championing Financial Inclusion for Africa’s Informal Workforce Through Innovation and Advocacy
Tunji Andrews is a renowned Nigerian economist, financial literacy advocate, entrepreneur, and media personality, whose work focuses on demystifying economics and promoting financial inclusion, particularly for Africa’s underserved informal workforce.
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Egypt-Based Micromobility Startup Rabbit Mobility Raises $1.3 Million to Drive Expansion in North Africa
Egypt-based micromobility startup Rabbit Mobility has successfully secured $1.3 million in a fresh investment round aimed at accelerating its expansion across Egypt and North Africa.
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IFC Invests $25 Million in Acumen’s Fund to Enhance Energy Access in Sub-Saharan Africa
The International Finance Corporation (IFC) has committed up to $25 million to Acumen’s Hardest-to-Reach (H2R) Fund, a $200 million initiative aimed at improving energy access in underserved regions of Sub-Saharan Africa.
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Yvette Ishimwe is Pioneering Sustainable Clean Water Solutions for Africa’s Rural Communities
Yvette Ishimwe is a Rwandan social entrepreneur, environmental advocate, and changemaker.
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JPMorgan Chase Granted Approval to Establish Representative Office in Kenya
JPMorgan Chase, the largest bank in the U.S. by market capitalization, has been granted approval by the Central Bank of Kenya (CBK) to open a representative office in Kenya.
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Ivorian Fintech Waribei Secures Pre-Seed Funding to Empower Small Traders in Africa Through Inventory Financing
Waribei, a fintech startup based in Ivory Coast, has successfully secured €750,000 ($820,462) in pre-seed funding to advance its innovative inventory financing solution designed for small traders across Africa.
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AfricInvest Closes its Transform Health Fund at $111 Million to Improve Healthcare Across Africa
AfricInvest, a prominent pan-African investment platform, has successfully closed its Transform Health Fund (THF) at $111 million, surpassing its original target.
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French VC Firm Bpifrance Partners with Sawari Ventures and Flat6Labs to Support African and Middle Eastern Startups
Bpifrance, the largest venture capital (VC) firm in France, has recently expanded its footprint into Egypt as part of its broader strategy to penetrate the Africa and Middle East (AME) regions.