Tag: Investment News
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Egypt’s Lucky Raises $23 Million Series B to Scale Digital Credit and Expand Across North Africa
Egyptian fintech startup Lucky has secured $23 million in fresh funding as it accelerates its push to expand credit services and enter new markets across North Africa.
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Ethiopia Secures $13.1 Billion in Investment Commitments as FDI Momentum Builds
Ethiopia has signed investment agreements valued at approximately $13.1 billion, marking one of the largest recent foreign direct investment (FDI) inflows announced in Africa.
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Sawa Energy Secures $10 Million from Oikocredit and GCPF to Expand Solar Power Solutions in East Africa
Oikocredit has joined forces with the Global Climate Partnership Fund (GCPF) to extend a $10 million debt facility to Sawa Energy, a fast-growing provider of solar and battery systems for businesses in East Africa.
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AfDB Commits $15 Million to SPE Capital Fund to Back Growth-Stage Businesses in Africa
The African Development Bank (AfDB) has committed $15 million to a private equity fund managed by SPE Capital, in a move aimed at expanding financing for growing businesses across the continent.
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Savannah Impact Advisory Secures $35 Million First Close for Ci Gaba Fund to Boost SME Financing in West Africa
Savannah Impact Advisory has announced the first close of its Ci Gaba Fund of Funds, securing GHS 383 million (approximately $35 million) in commitments.
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Novastar Ventures Closes $147 Million Fund to Back Climate-Focused Startups Across Africa
Novastar Ventures has secured $147 million for its third investment vehicle, marking a significant step in financing African startups focused on climate and inclusive growth.
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AfDB Invests €7.5 Million in Paris-Based Breega Fund to Back African Tech Startups
The African Development Bank Group has committed €7.5 million to the Breega Africa Seed I Fund, strengthening efforts to finance early-stage technology startups across the continent.
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GoSwap Secures Azur Innovation Fund Backing to Scale Electric Mobility Network in Morocco
Moroccan electric mobility startup GoSwap has secured its first external investment, raising funds from the Azur Innovation Fund as it looks to scale its battery-swapping infrastructure and expand the use of electric two-wheelers across the country.
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Scale Teams up With Mastercard to Ease Card Issuance for African Businesses
A South African fintech startup, Scale, has entered into a strategic partnership with global payments firm Mastercard to simplify how businesses issue payment cards across parts of Africa.