Author: Fred Kennedy
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Microsoft to Train 3 Million Africans in AI skills by 2026
Microsoft has announced plans to train three million people across Africa in artificial intelligence (AI) skills in 2026, marking a significant expansion of its efforts to grow its presence on the continent and respond to rising competition from alternative AI platforms.
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Standard Bank Backs Enko Education with $22 Million to Expand Pan-African School Network
Standard Bank has arranged a $22 million debt facility for Enko Education, providing fresh capital to support the school network’s expansion across Africa.
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South Africa’s Happy Pay Raises $5 Million to Expand Ad-Supported BNPL Model in Africa
South African fintech startup Happy Pay has secured $5 million in seed funding as it looks to expand a new approach to buy-now-pay-later (BNPL) services built around advertising rather than consumer fees.
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How Hello Tractor is Scaling Farm Mechanization to Improve Smallholder Productivity in Africa
Hello Tractor is scaling farm mechanization across Africa, connecting smallholder farmers to equipment and increasing productivity and incomes.
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Starsight Secures $15 Million from BII to Scale Solar Energy Projects in West Africa
Starsight Energy Africa Group has raised $15 million in mezzanine debt financing from British International Investment (BII), in a move aimed at scaling its clean energy operations across West Africa, particularly in Nigeria.
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Aqua-Spark Secures $48 Million First Close for Africa Aquaculture Fund Targeting Sustainable Food Systems
Aqua-Spark has secured an initial $48 million for its Aqua-Spark Africa fund, marking the first funding milestone for an investment vehicle designed to support the growth of sustainable aquaculture across sub-Saharan Africa.
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IFC Proposes $20 Million Commitment to Lightrock’s New Africa-Focused Fund
The International Finance Corporation (IFC) has announced plans to invest up to $20 million in the Lightrock Africa Fund II (LRAF II), a new private equity vehicle focused on backing high-growth companies across Africa.
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EIB Global Commits €40 Million to Speedinvest Fund Targeting African Tech Startups
EIB Global has committed €40 million to a Speedinvest-managed fund that will invest in African technology startups across key and emerging markets.
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Proparco Commits $15 Million to AIIM Climate Fund to Accelerate Early-Stage Climate Infrastructure in Africa
French development finance institution Proparco has pledged $15 million to the African Transition Acceleration Fund (ATAF), a pan-African investment vehicle designed to support climate-related infrastructure projects at the earliest stages of development.