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Tag: Investment News
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South Africa’s Mulilo Secures $75 Million from Norfund to Accelerate Renewable Energy Expansion
South African renewable energy company Mulilo Energy Holdings has secured a major investment of $75 million from the Norwegian development finance institution Norfund.
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IFC Extends $10 Million Loan to Lula to Expand Financing for South Africa’s Small Businesses
The International Finance Corporation (IFC) has extended a local-currency loan of ZAR 170 million (roughly US$10 million) to South African digital lender Lula Lend (Pty) Ltd, in a move designed to bolster working-capital access for the country’s micro, small and medium-sized enterprises (MSMEs).
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Vodacom Strikes Landmark Deal With Starlink to Expand High-Speed Internet Across Africa
South Africa’s pan-African operator Vodacom Group has announced a major new agreement with Starlink, the satellite broadband service developed by SpaceX, to bring high-performance internet connectivity across the African continent, including to underserved rural regions.
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Africa Takes Charge of Its Health Future with Launch of the African Medicines Agency
The launch of the African Medicines Agency (AMA) was honoured this week in Mombasa, Kenya, during the 7th Biennial Scientific Conference on Medical Products Regulation in Africa (SCoMRA VII).
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Google and Cassava Launch Initiative to Make AI Learning Data-Free in Africa
Tech giant Google has announced a landmark collaboration with Africa-focussed infrastructure company Cassava Technologies, aimed at making artificial intelligence tools more affordable and accessible across the continent — a region widely regarded as the youngest and fastest-growing digital market in the world.
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Inspired Evolution Leads $60 Million Funding to Create One of Southern Africa’s Largest Commercial Solar Platforms
A $30 million stake by the climate-investing firm Inspired Evolution into the newly consolidated solar business Sedgeley Solar Group (SSG) marks a key milestone in the company’s growth in Southern Africa.
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Tunisian Startup WildyNess Secures Pre-Seed Funding to Expand Its Sustainable Travel Marketplace Across North Africa
Tunisian-based travel-tech startup WildyNess has successfully closed a pre-seed funding round, marking a significant milestone for North Africa’s tourism technology landscape.
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Ventures Platform Raises $64 Million in First Close of $75 Million Pan-African Fund II
African seed-stage investor Ventures Platform has announced that the first close of its second institutional vehicle, VP Pan‑African Fund II, has reached US $64 million, with a target of reaching US $75 million at final close.
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Sierra Leone Strengthens Agrifood Investment Drive Through High-Level Investor Summit
Sierra Leone has taken a major step toward transforming its agricultural sector and attracting large-scale investment through the inaugural Sierra Leone Agrifood Investor Summit — the country’s largest gathering of agrifood investors to date.