Tag: Investment News
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Airtel Africa and Starlink Launch Africa’s First Commercial Satellite-to-Phone Service in DRC
Airtel Africa and SpaceX’s Starlink have launched Africa’s first commercial satellite-to-phone service in the Democratic Republic of the Congo, enabling eligible Airtel customers to send messages from areas without terrestrial mobile coverage.
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Small Foundation Invests in Unmarkets to Launch Four Agribusiness Ventures in Kenya
Small Foundation has made an undisclosed investment in Unmarkets, a Nairobi-based venture builder that creates food and agricultural businesses with established African-owned companies.
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Swedfund Provides $20 Million Loan to Africa Go Green Fund to Expand Climate Lending
Swedfund, Sweden’s development finance institution, is providing a $20 million loan to the Africa Go Green Fund to expand debt financing for businesses and projects that reduce greenhouse gas emissions across Africa.
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AFC Capital Partners Launches Nigerian Platform Under $750 Million Climate Infrastructure Fund
AFC Capital Partners has launched the Infrastructure Climate-Resilient Fund Nigeria to mobilize capital from Nigerian institutional investors for climate-resilient infrastructure projects in Nigeria and other African markets.
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Ventures Platform Closes $84 Million Pan-African Fund II Above Target
Ventures Platform has closed its second institutional fund, VP Pan-African Fund II, at $84 million, exceeding its original $75 million target.
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Flowt Secures Pre-Seed Funding to Expand Working-Capital Finance for Kenya’s Climate Businesses
Kenyan financial technology startup Flowt has secured an undisclosed first close of its pre-seed round to expand working-capital financing for climate-smart small businesses in Kenya.
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ThriveAgric Raises $3.93 Million in Debut Commercial Paper Issuance
ThriveAgric has raised approximately $3.93 million through its first commercial paper issuance to finance commodity purchases and agricultural trading in Nigeria.
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CardinalStone Capital Advisers Raises $76 Million at First Close of West Africa Growth Fund II
CardinalStone Capital Advisers has raised $76 million at the first close of CCA Growth Fund II, securing capital to invest in small and medium-sized businesses across West Africa.
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Edge Growth Launches African Scale-Up Debt Fund With $21.9 Million First Close
South African SME investment and business development firm Edge Growth has launched a catalytic debt fund for established, technology-enabled scale-ups after securing approximately $21.9 million at first close.