Author: Fred Kennedy
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FASA Makes First Investment with $5 Million Backing for Catalyst Fund
Financing for Agricultural SMEs in Africa (FASA) has completed its first investment, committing $5 million to Catalyst Fund.
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Checker Raises $8 Million to Expand Stablecoin Infrastructure Across Africa and Emerging Markets
Checker, a company building infrastructure for stablecoin-based financial services, has secured $8 million in fresh funding as it looks to expand digital payment and settlement solutions across Africa and other emerging markets.
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Impact Fund Denmark Invests $25 Million in East African Forestry Firm NFC
Impact Fund Denmark has committed DKK 160 million, equivalent to around $25 million, to East African forestry company The New Forests Company (NFC) as the region faces growing demand for timber and wood products.
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AfDB Approves $61 Million Funding Package to Support Women-Led Businesses in Nigeria
The African Development Bank Group has approved a $61 million funding package to help expand access to finance for women-led businesses in Nigeria, with a strong focus on agriculture and other sectors critical to economic growth.
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BII and Ecobank DRC Launch $30 Million Risk-Sharing Facility for SMEs in DRC
British International Investment (BII) and Ecobank DRC have unveiled a $30 million risk-sharing programme to improve access to finance for small and medium-sized businesses in the Democratic Republic of Congo (DRC).
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AFC Approves $100 Million for Africa-Focused Technology Funds
Africa Finance Corporation (AFC) has approved up to $100 million for investments in venture capital and growth equity funds focused on Africa’s digital economy.
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Digital Africa Unveils €30 Million Seed Fund to Support Africa’s Emerging Tech Startups
Digital Africa has unveiled a new investment vehicle aimed at helping African startups navigate one of the toughest stages in their growth journey.
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Macron Unveils €23 Billion Africa Investment Plan at the Africa Forward Summit in Nairobi
French President Emmanuel Macron has announced a €23 billion investment commitment for Africa during the Africa Forward Franco-African Business Forum in Nairobi, as France seeks to deepen economic ties with the continent through a renewed partnership model centered on investment and trade.
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Kaleidofin, Apollo Agriculture and IDH Farmfit Fund Close Kenya’s First Private-Sector Agriculture Securitization Deal
Kenya has recorded a major milestone in agricultural finance after fintech company Kaleidofin completed the country’s first private-sector local currency securitization focused on smallholder farmers, unlocking fresh capital for rural lending.