Tag: Investment News
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EBRD Discloses Proposed €40 Million Investment in Amethis MENA Fund III Targeting North African SMEs
The European Bank for Reconstruction and Development (EBRD) is considering an investment of up to €40 million in Amethis MENA Fund III, a new private equity vehicle focused on supporting the growth of small and medium-sized businesses across North Africa and parts of the Middle East.
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British International Investment Unveils New Egypt Strategy as Commitments Near $1.3 Billion
British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has launched a new investment strategy for Egypt, reaffirming its long-term commitment to one of its largest markets in Africa, following nearly $1.3 billion in investments in the country since 2012.
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Africa Finance Corporation Secures Record $2 Billion Loan to Accelerate Infrastructure and Industrial Growth Across Africa
Africa Finance Corporation (AFC) has secured its largest syndicated loan facility to date, raising $2 billion from a consortium of international lenders in a strong vote of confidence for the institution’s infrastructure-led development strategy across the continent.
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Proparco Backs EmergingTech Ventures Fund II to Expand Early-Stage Startup Financing Across Francophone Africa
French development finance institution Proparco has committed capital through its FISEA fund to EmergingTech Ventures Fund II, strengthening efforts to finance early-stage technology startups in Morocco, Tunisia, Senegal, and Côte d’Ivoire.
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Holocene Closes Southern Africa’s First Dedicated Climate-Tech Fund After Backing 10 Startups
South African venture capital firm Holocene has announced the final close of Holocene Ventures Fund I (HVF1).
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Moroccan Proptech Startup Agenz Raises $5 Million to Expand AI-Powered Real Estate Platform
Moroccan property technology startup Agenz has secured $5 million in fresh funding as it looks to deepen its use of artificial intelligence and expand its digital real estate services across the country.
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EU Backs East Africa Digital Connectivity with €37 Million Blue-Raman Cable Expansion
The European Union has committed €37 million ($42.8 million) to extend the Blue-Raman submarine cable into East Africa, a move expected to strengthen internet connectivity, reduce bandwidth costs and support the region’s growing digital economy.
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Egyptian Unicorn MNT-Halan Reaches $1.4 Billion Valuation After Funding Round Led by Al Ahly Capital
Egyptian fintech company MNT-Halan has achieved a valuation of $1.4 billion after completing the first closing of a new funding round led by Al Ahly Capital, the investment arm of the National Bank of Egypt.
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Nigeria’s CreditChek Secures $600,000 to Grow Credit Data Network Across East Africa
Egyptian fintech startup Blnk has raised a total of $37.1 million in fresh funding as it looks to broaden access to consumer credit and strengthen financial inclusion across the country.