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Tag: Digital Transformation
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Mawingu Gets $20 Million Funding from PRIF II to Boost Rural Internet Expansion in Africa
Mawingu, a telecommunications firm specializing in delivering internet connectivity across rural and peri-urban East Africa, has secured a US$20 million investment from the Pembani Remgro Infrastructure Fund II (PRIF II).
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Mali’s OKO Secures Fresh Funding Round Led by Catalyst Fund to Expand Climate Insurance for African Farmers
Malian agritech and climate-insurance startup, OKO, has secured a new round of investment led by Catalyst Fund, with backing from two of its earlier backers.
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Avanz Capital Egypt Joins Algebra Ventures Fund II in Landmark Secondary LP Deal
Avanz Capital Egypt has joined Algebra Ventures’ second fund as a limited partner through a secondary transaction executed by its investment arm, Avanz Manara.
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Norfund Backs SIPRA With €20 Million Funding to Expand Poultry Production Across Côte d’Ivoire
The Norwegian development finance institution Norfund has committed €20 million into Société Ivoirienne de Productions Animales (SIPRA), one of West Africa’s biggest domestically owned poultry enterprises.
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ALCB Fund Secures $45 Million from FMO to Expand Access to Local Currency Finance in Africa
The African Local Currency Bond Fund (ALCB Fund), managed by Cygnum Capital, has received a $45 million investment from Dutch development bank FMO, with co-funding from its asset management arm, FMO Investment Management (FMO IM).
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Nedbank Invests $28m in New GX Capital’s Fund for Clean Energy and Infrastructure in Africa
New GX Capital has revealed that Nedbank’s Corporate and Investment Banking arm has pledged $28 million to the firm’s Airnergize Capital Fund I, pushing total committed capital to $161 million as the fund nears its $200 million target.
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Kenyan Fintech Zanifu Secures Fresh Backing from Yango Ventures to Expand SME Lending
Kenyan fintech Zanifu has secured fresh backing from Yango Ventures, the US$20 million corporate venture capital arm of global tech group Yango.
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Acumen Secures $20 Million Boost from BII to Expand Energy Access in Africa’s Hardest-to-Reach Communities
Acumen has received a major financial injection for its Hardest-to-Reach (H2R) initiative after British International Investment (BII) committed $20 million to the programme.
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Ghana’s Sahara Impact Ventures Backs Agriarche to Transform Nigeria’s Agricultural Value Chains
Accra-based impact fund Sahara Impact Ventures has disclosed a new investment in Agriarche, a Nigerian agtech startup targeting post-harvest inefficiencies that suppress farmers’ revenue and sustainability.