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French development finance institution Proparco and South African investment manager 27four have announced a joint investment of R550 million (USD 28.7 million) in Divercity Urban Property Group.

Nigerian cold-chain startup Figorr (Formerly Gricd) has raised $1.5 million in seed funding to revolutionize perishables insurance with a data-driven approach.

Secha Capital has secured additional backing for its second growth fund, bringing in E Squared Investments as a new investor as it advances toward its fundraising target.