Category: New Investments
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African Development Bank and Biovac Sign $15 Million Agreement to Advance Africa’s First End-to-End Cholera Vaccine Production
The African Development Bank (AfDB) has finalized a loan of up to $15 million to South Africa’s Biologicals and Vaccines Institute (Biovac), supporting the construction of a new multi-vaccine manufacturing facility in Cape Town that is expected to strengthen Africa’s vaccine production capacity and reduce the continent’s heavy dependence on imported vaccines.
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Moment Raises $22 Million to Expand Pan-African Payment Infrastructure
Pan-African fintech company Moment has secured $22 million in a Series A funding round to accelerate the expansion of its payment infrastructure across Africa, strengthening investor confidence in the continent’s fast-growing digital payments market.
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Impact Fund Denmark Commits $22.5 Million to ETG to Strengthen Agricultural Value Chains in Africa
Impact Fund Denmark has committed $22.5 million to African agribusiness group ETG as part of a $600 million sustainability-linked loan designed to strengthen agricultural value chains in Africa while advancing measurable environmental and social outcomes.
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Proparco Commits $12 Million to Acumen Agriculture Fund II to Back Climate-Resilient Agribusinesses Across Africa
Proparco has committed $12 million to the Acumen Resilient Agriculture Fund II (ARAF II), strengthening the flow of early-stage capital to agribusinesses serving smallholder farmers across sub-Saharan Africa.
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Egypt’s Fincart Raises $2.8 Million Seed Round to Expand AI-Powered E-Commerce Platform
Egyptian e-commerce technology startup Fincart has raised a $2.8 million seed funding round to accelerate the expansion of its AI-powered merchant operating system across Africa and the Middle East.
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Reme-D Raises $1.45 Million to Scale Molecular Diagnostics Manufacturing Across Africa
Egyptian healthtech startup Reme-D has secured $1.45 million in a Pre-Series A funding round led by Anara Impact Capital.
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Oxano Capital Invests in Sevi to Expand Stock Financing for Kenyan Small Businesses
Oxano Capital has invested in Sevi, a Dutch-headquartered fintech company that provides embedded stock financing to micro and small retailers in Kenya.
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Launch Africa Ventures Backs South Africa’s Zazu to Expand Business Banking for African SMEs
Launch Africa Ventures has made a seed investment in South African fintech Zazu, strengthening the startup’s plans to build a digital business banking platform for entrepreneurs and small and medium-sized enterprises (SMEs) across Africa.
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Botswana Tech Fund Reaches $6.7 Million First Close to Back Southern Africa’s Technology Startups
Botswana Tech Fund 1 has completed a $6.7 million first close, providing fresh venture capital for technology companies across Southern Africa and strengthening efforts to expand startup funding beyond Africa’s largest venture markets.