Author: Fred Kennedy
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South Africa’s Plentify Raises Series A to Take Its Smart Energy Tech Global
South African climate-technology firm Plentify has successfully closed a Series A funding round, adding new momentum to its mission of smarter home energy management as it sets its sights on international markets.
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Meta Completes 2Africa, the World’s Longest Open-Access Subsea Cable
Meta has completed the core construction of 2Africa, the subsea cable system it calls the world’s longest open-access network.
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30 African Startups Chosen for Latitude59 Kenya Finals as Continent’s Innovation Ecosystem Gains Global Spotlight
A total of 30 startups have been shortlisted as finalists for the Latitude59 Kenya Pitch Competition, emerging from a field of 222 applications submitted from 27 different countries.
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Morocco’s Chari Secures Investment From DisrupTech Ventures to Expand Community-Level Financial Services
Cairo-based early-stage fintech venture capital firm DisrupTech Ventures has made a strategic investment into Moroccan fintech startup Chari, marking its first deployment in Morocco and only its second investment in Africa outside of Egypt.
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Sahara Impact Ventures Backs Ghana’s Wahu Mobility to Accelerate Electric Transport Shift
Ghana’s electric mobility sector has received a fresh boost as Sahara Impact Ventures confirmed a new investment in Wahu Mobility, a home-grown e-mobility startup working to replace petrol-powered transport across African cities.
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IFC Plans Up to $15 Million Backing for Catalyst’s New MENA Climate Fund
The International Finance Corporation (IFC) has announced that it is considering an equity injection of up to $15 million into the newly launched Catalyst MENA Climate Fund II, a climate-focused investment vehicle managed by Catalyst Investment Management.
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South Africa’s Mulilo Secures $75 Million from Norfund to Accelerate Renewable Energy Expansion
South African renewable energy company Mulilo Energy Holdings has secured a major investment of $75 million from the Norwegian development finance institution Norfund.
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IFC Extends $10 Million Loan to Lula to Expand Financing for South Africa’s Small Businesses
The International Finance Corporation (IFC) has extended a local-currency loan of ZAR 170 million (roughly US$10 million) to South African digital lender Lula Lend (Pty) Ltd, in a move designed to bolster working-capital access for the country’s micro, small and medium-sized enterprises (MSMEs).
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Vodacom Strikes Landmark Deal With Starlink to Expand High-Speed Internet Across Africa
South Africa’s pan-African operator Vodacom Group has announced a major new agreement with Starlink, the satellite broadband service developed by SpaceX, to bring high-performance internet connectivity across the African continent, including to underserved rural regions.