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Tag: Investment News
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FinDev Canada Grants $100 Million Loan to AFC to Boost Climate-Resilient Infrastructure Across Africa
Canada’s development finance institution, FinDev Canada, has committed a USD 100 million loan to the Africa Finance Corporation (AFC), a major infrastructure financier in Africa.
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IFC Proposes $7 Million Investment in Moroccan Proptech Startup Yakeey
The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has proposed plans to invest up to US $7 million in the Moroccan proptech startup Yakeey.
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Moniepoint Raises Over $200 Million in Series C Funding to Expand Financial Inclusion in Africa
Nigerian fintech Moniepoint Inc. has successfully raised more than US$200 million in a Series C equity financing round.
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Spiro Raises Record $100 Million to Scale Battery-Swapping Network Across Africa
Nairobi-based mobility firm Spiro has raised $100 million in a funding round — the largest investment ever made in Africa’s two-wheel electric mobility sector.
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BII Backs Enko Capital’s $100 Million Private Credit Fund to Invest in Mid-Sized Businesses in Africa
British International Investment (BII), the UK’s development finance institution, has made a major anchor commitment to Enko Capital’s new private credit vehicle — the Enko Impact Credit Fund (EICF).
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IFC Proposes $25 Million Investment in African Transition Acceleration Fund
The International Finance Corporation (IFC) has revealed plans to take an equity stake of up to $25 million in the African Transition Acceleration Fund (ATAF), a new vehicle set up to speed up clean-energy and low-carbon transport ventures across the continent.
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Tanzania-based fintech firm Kuunda secures $7.5 million to expand into Egypt and MENA
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.
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Nigerian Startup Rana Energy Raises $3 Million to Expand AI-Powered Clean Energy Solutions Across Africa
Nigerian cleantech startup Rana Energy has secured a $3 million pre-seed investment to accelerate its expansion across Africa.
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Chari Raises $12 Million Series A, Becomes Morocco’s First VC-Backed Fintech with Payment Licence
Moroccan fintech-commerce startup Chari has secured $12 million in a Series A funding round, with SPE Capital and Orange Ventures leading the investment.