Tag: Investment News
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South Africa Gets $300 Million From IFC For Housing and Clean Energy
The International Finance Corporation (IFC), a member of the World Bank Group focused on private sector development, is providing a significant boost to South Africa’s ongoing energy transition and affordable housing initiatives.
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South African AI Firm Spatialedge Secures $3 Million for Growth
South African artificial intelligence (AI) software company Spatialedge has secured R60 million (approximately $3.15 million USD) in funding from Hlayisani Growth Fund.
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Spark+ Africa Fund Secures Additional Funding for Clean Cooking Solutions in Sub-Saharan Africa
Spark+ General Partner, a leader in clean cooking investment, announced significant progress in fundraising for the Spark+ Africa Fund.
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Nigerian Retail-Tech Startup OmniRetail Begins Series A Funding Round With Goodwell
Nigerian retail technology company OmniRetail has launched its Series A fundraising round with an initial investment from Goodwell Investments, a leading impact investor.
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African Mobility Company MAX and Ghana’s Kofa Partner in E-Bike Financing Deal
African mobility company MAX and Ghanaian energy network innovator Kofa have joined forces to make eco-friendly transportation more accessible across the continent.
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Ugandan Ride-Hailing App SafeBoda Launches Electric Motorcycles
Safeboda, a leading Ugandan ride-hailing platform, announced the launch of a new electric motorcycle option, “Electric Boda,” on its app.
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BasiGo Opens Kenya’s First Electric Bus Assembly Line
BasiGo, a Kenyan electric mobility frontrunner, has inaugurated the country’s first dedicated assembly line for modern electric buses at the Kenya Vehicle Manufacturers (KVM) plant in Thika.
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Rwanda Gets €100 Million European Investment Bank For Sustainable Agriculture
The European Investment Bank (EIB) and Bank of Kigali have joined forces to provide a €100 million financing package for agroecological projects in Rwanda.
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Clean Energy Firms Astra Energy and Powertron Global Team Up to Tackle Waste in Africa
US-based clean energy companies Astra Energy and Powertron Global have joined forces to establish a joint venture focused on waste-to-energy projects across Africa.