Tag: Investment News
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New VC Firm OpenseedVC Announces First Close of $10 Million Fund to Back Early-Stage African Operators
OpenseedVC, a recently launched venture capital firm, has secured an initial closing for its $10 million early-stage fund.
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Nigeria to Build 90,000km of Terrestrial Fibre-Optic
Nigeria’s government has launched a series of ambitious initiatives aimed at transforming the country’s digital landscape, according to Communication, Innovation and Digital Economy Minister Bosun Tijani.
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Top 20 Fastest Growing Companies in Africa (2024)
The Financial Times has released its list of the top 20 fastest growing companies in Africa for 2024.
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MTN Rwanda Launches Biodegradable SIM Cards in Environmental Push
MTN Rwanda is taking a groundbreaking step towards environmental responsibility with the launch of the nation’s first-ever paper-based, biodegradable SIM cards, dubbed “bioSIMs.”
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d.light Secures $3.4 Million to Provide Solar Home Systems to Refugees in Uganda
d.light, a company providing essential household products and financing to low-income communities, has announced a project to equip Ugandan refugee camps with solar home systems.
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Accion Launches $152.5 Million Fund to Drive Digital Transformation for Financial Inclusion in Africa
Accion, a non-profit focused on financial inclusion, has announced the launch of the Accion Digital Transformation Fund, a $152.5 million initiative designed to empower traditional financial institutions in serving underserved small businesses.
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Senegalese Retail Tech Startup Maad Secures $3.2 Million in Seed Funding to Fuel Expansion and Innovation
Maad, a Senegalese logistics platform catering to informal retailers, has secured $3.2 million in seed funding.
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Admaius Capital Partners Invests in Rwanda Telco TRES Infrastructure to Boost Connectivity
Africa-focused private equity firm Admaius Capital Partners (“Admaius”) has announced a majority equity investment in TRES Infrastructure Limited (“TRES”), the sole Rwandan company licensed to own, operate, and develop shared telecommunications infrastructure.
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Egyptian Fintech Startup MNZL Secures $3.5 Million in Seed Funding to Revolutionize Asset-Backed Lending
Egyptian fintech startup MNZL has secured $3.5 million in seed funding to improve its technology and expand its operations.