Category: New Investments
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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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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.
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XSML Capital Closes $142 Million African Rivers Fund IV Above Target to Expand SME Financing in Frontier Markets
XSML Capital has closed its latest financing vehicle, African Rivers Fund IV (ARF IV), with total commitments of $142 million, surpassing the fund’s original $135 million cap.
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Morocco’s Enakl Raises $2.3 Million to Expand Bus-Sharing Services and Launch Mobility Software
Morocco-based shared mobility startup Enakl has successfully secured $2.3 million in seed funding to accelerate the rollout of its collective transport services and unveil a new software product for transit operators and planners.
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Sahel Capital Renews $2.4 Million Working Capital Facility for Ghana’s Kuapa Kokoo to Support Cocoa Farmers
Sahel Capital has provided a new $2.4 million working capital loan to Kuapa Kokoo Limited (KKL) through its Social Enterprise Fund for Agriculture in Africa (SEFAA), reinforcing its earlier credit support for the Ghanaian cocoa firm.