Tag: Investment News
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BII Targets £9 Billion Investment Push into Africa with New Five-Year Strategy
British International Investment (BII), the UK government’s development finance institution, has announced a new five-year plan to channel £9 billion into African economies, with a strong push to attract private investors and expand activity in underserved markets.
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AFC Establishes Nairobi Regional Office to Drive Over $2 Billion in East Africa Infrastructure Investments
The Africa Finance Corporation (AFC) has formalized plans to open its first regional office in Nairobi following the signing of a Host Country Agreement with the Government of Kenya, marking a new phase in infrastructure financing and industrial development across East Africa.
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Eswatini-Born Swoop Raises $7.3 Million Seed Round to Launch Food Delivery Expansion in Nigeria
Swoop, a food delivery startup founded in Eswatini, has secured $7.3 million in seed funding as it prepares to enter Nigeria, marking its first expansion beyond its home market.
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AfDB Backs Nigeria’s Digital Push with $200 Million to Deploy 90,000km of Fibre and Create 2.8 Million Jobs
The African Development Bank Group has approved a $200 million loan to Nigeria to support a major national programme aimed at expanding broadband infrastructure, improving digital skills, and creating jobs.
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IMF Downgrades Africa Economic Growth Outlook as Middle East Conflict Reshapes Global Economy
The International Monetary Fund (IMF) has revised its economic outlook for Africa, warning that the ongoing conflict in the Middle East is undermining growth prospects across the continent and adding fresh pressure on already fragile economies.
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Meet the 15 African Startups Selected for Google’s Accelerator Africa Class 10
Google has unveiled the 10th cohort of its Google for Startups Accelerator Africa, selecting 15 startups from a highly competitive pool of close to 2,600 applicants.
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Launch Africa Ventures Takes Advisory Role in £50 Million Botswana Tech Fund to Drive Southern Africa’s Tech Growth
Launch Africa Ventures has been named investment advisor for the first phase of the Botswana Tech Fund, a new venture vehicle that plans to support technology and tech-enabled businesses across Southern Africa.
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South Africa’s Nafasi Water Raises $9.8 Million from Norfund to Expand Water Infrastructure Projects
Norfund, the Norwegian development finance institution, has invested R160 million (approximately $9.8 million) in South African firm Nafasi Water Technologies.
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Proparco Commits $17.25 Million to Alterra’s Pan-African Growth Fund
Proparco, the private sector arm of the French Development Agency, has invested $17.25 million in the Alterra Africa Accelerator Fund (AAA Fund).