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B2B fintech company Kuunda—headquartered in the UK but focused on Tanzania and broader African markets—has raised US$7.5 million in a pre-Series A funding round.

The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both part of the World Bank Group, have joined forces with Morocco’s Tanger Med Port Complex in a significant expansion project for its truck and passenger terminal.

The African Development Bank (AfDB) has announced plans to contribute $500 million, pending board approval, toward the construction of a new international airport in Ethiopia.