Tag: Investment News
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Sahel Capital Backs Uganda’s Sukuma Commodities to Accelerate Coffee Export Growth
Ugandan coffee exporter Sukuma Commodities has secured an expanded financial commitment of $1.8 million from Sahel Capital’s Social Enterprise Fund for Agriculture in Africa (SEFAA).
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AfDB and UNDP Launch $10 Billion AI Initiative to Create 40 Million Jobs Across Africa
The African Development Bank Group (AfDB) and the United Nations Development Programme (UNDP) have announced a major new plan aimed at expanding the use of artificial intelligence (AI) across Africa to foster inclusive economic growth and create jobs.
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LoftyInc Capital Co-Leads $4 Million Seed Round in Moroccan Fintech WafR Through New Alpha Fund
Moroccan fintech startup WafR has successfully raised $4 million in a seed funding round that drew strong interest from investors, marking one of the first deals from LoftyInc Capital’s new Alpha Fund.
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Spiro Secures $50 Million Debt Financing to Expand Electric Mobility Network Across Africa
Spiro, a leading African electric mobility company, has secured $50 million in debt financing in a new funding round that will accelerate the expansion of its battery-swapping infrastructure and related clean mobility technologies across the continent.
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Swedfund Invests €15 Million in Hummingbirds Gondwana to Scale Nature Projects in Africa
Swedfund has committed €15 million to a new climate-focused financing platform called Hummingbirds Gondwana, aimed at backing nature-based solutions around the world.
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Proparco Commits $42 Million to DPI’s Fourth Africa-Focused Private Equity Fund
Proparco, the French development finance institution, has pledged $42 million toward the initial closing of African Development Partners IV (ADP IV), the newest investment fund managed by London-based private equity firm Development Partners International (DPI).
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DPI Closes $190 Million Investment in Egypt’s Alameda Healthcare, Marking Country’s Largest Private Healthcare Deal
Development Partners International (DPI), the London-based private equity firm focused on African markets, has closed a $190 million funding deal with Alameda Healthcare, a leading private hospital group based in Egypt.
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Rwanda Signs Landmark AI Deal with Anthropic to Strengthen Health, Education and Public Services
The Government of Rwanda and Anthropic, a U.S.–based artificial intelligence research company, have formalised a three-year memorandum of understanding to extend the use of AI across key national systems, including health, education, and public services.
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Egypt’s Flextock Raises $12.6 Million Series A to Scale E-Commerce Infrastructure
Egypt-based e-commerce enablement startup Flextock has secured $12.6 million in a Series A funding round as it looks to deepen its footprint in the Middle East and North Africa’s fast-growing online retail market.