Tag: Investment News
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Gozem Acquires Beninese Fintech Startup Moneex to Expand Financial Services
Gozem, the leading super app in Francophone Africa, has acquired Beninese fintech startup Moneex in an undisclosed deal.
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Shekel Mobility Secures $7 Million in Funding to Drive Growth in African Automotive Market
Shekel Mobility, a B2B auto dealers marketplace catering to the African used car market, has secured $7 million in funding to propel its growth and expansion plans.
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Meet the 23 African Startups Selected for Visa’s Inaugural Fintech Accelerator
Visa has selected 23 African startups for the inaugural cohort of its Visa Africa Fintech Accelerator.
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Kenya-Based Mobility Startup BasiGo Secures USAID Support for Electric Bus Pilot Program in Rwanda
Kenyan mobility startup BasiGo has received a $1.5 million grant from the United States Agency for International Development (USAID) to support the pilot testing and scale-up of its electric buses in Rwanda.
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Egypt’s MNT-Halan Attains Unicorn Status with $400 Million Raised in Securitization Issuances – Copy
MNT-Halan has become Egypt’s first unicorn after announcing a raise of over $400 million securitizationion issuances this year, solidifying its position as a leading player in the region’s financial technology sector.
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Africa Tech Festival Selects 10 Finalists for Startup World Cup
The top 10 finalists for the AfricaIgnite Pitch Competition have been announced, with five companies from Kenya and four from South Africa making the list.
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South Africa Gets $300 Million Support From the African Development Bank for Energy Transition and Climate Resilience
The African Development Bank (AfDB) has approved a $300 million facility for South Africa to support its Energy Governance and Climate Resilience Programme.
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Goodwell Investments, Oikocredit, and GP SVF Inject $8.5M in Good Nature Agro to Empower 30,000 Farmers in Zambia
Zambian social enterprise Good Nature Agro (GNA) has secured $8.5 million in equity funding from Goodwell Investments, Oikocredit, and Global Partnerships/Eleos Social Venture Fund (GP SVF).
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Egypt’s MNT-Halan Attains Unicorn Status with $400 Million Raised in Securitization Issuances
MNT-Halan has become Egypt’s first unicorn after announcing a raise of over $400 million securitizationion issuances this year, solidifying its position as a leading player in the region’s financial technology sector.