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Tag: Investment News
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Black Ostrich Ventures Launches $20M Fund to Back African Startups Outside of the ‘Big Four’
Black Ostrich Ventures, a US-based venture capital firm, has launched a $20 million fund to invest in startups outside of the four major African markets: Nigeria, South Africa, Egypt, and Kenya.
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Moroccan Edtech Startup Smartprof Secures Funding Boost to Expand Operations
Smartprof, a Moroccan Edtech startup that has developed an online platform for connecting students with tutors, has received a new funding boost to accelerate its growth.
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South African Insurtech Startup LeaseSurance Raises Seed Funding to Drive Growth
LeaseSurance, a South African insurtech startup that has developed a platform to replace security deposits in rental real estate, has raised $161,000 in seed funding.
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USAID Launches $49 Milion Healthcare Project in Ethiopia
The United States Agency for International Development (USAID) has launched a $49 million healthcare project in Ethiopia.
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Moroccan Healthtech Firm Sobrus Expands to France to Deliver Healthcare Solutions on Global Scale
Moroccan health-tech firm Sobrus has announced a significant expansion into the French market after achieving a remarkable milestone of surpassing $500 million in transaction volumes.
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Egyptian Incubator Flat6Labs Launches Accelerator Programme For Construction-Tech Startups
Flat6Labs, Egypt’s premier startup accelerator and seed investor, has announced the launch of an accelerator programme exclusively tailored for construction technology startups.
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Nigerian fintech Moniepoint acquires Kenyan startup Kopo Kopo
Moniepoint Inc., a Nigerian fintech company, has received regulatory approval to acquire Kopo Kopo, a Kenyan credit startup. The transaction value has not been disclosed.
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Kenyan fintech Zanifu raises $11.2 million to scale its inventory financing offering
Zanifu, a Kenyan fintech company that provides inventory financing to micro, small, and medium-sized businesses (MSMEs), has raised $11.2 million in debt-equity funding in a pre-Series A round.
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Ivory Coast-based fintech Anka secures $1.7 million funding from IFC for expansion
Anka, an Ivory Coast-based financial technology company, has received $1.7 million in funding from the International Finance Corporation (IFC) to expand its operations.