Tag: Investment News
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ROAM Introduces Kenya’s First All-Electric Shuttle Bus Built Entirely In The Country
ROAM, a Kenyan electric vehicle (EV) company, has introduced the Move, an all-electric shuttle bus that is the first of its kind to be built entirely in Kenya.
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Egyptian Bus Maker MCV to Export ElectricBus Bodies to Europe in New Agreement With Volvo Cars
Swedish automaker Volvo Cars and Egyptian bus manufacturer Manufacturing Commercial Vehicles (MCV) have signed an agreement to manufacture electric bus bodies in Egypt for export to Europe.
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Egypt’s Qardy Teams Up With Sandah to Give MSMEs Access to Finance
Egyptian fintech startup Qardy has announced a strategic partnership with microfinance company Sandah to provide micro, small, and medium enterprises (MSMEs) with greater access to financing.
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Nigerian Automotive Startup Mecho Autotech Raises $2.4M Pre-Series A for Expansion
Nigerian automotive startup Mecho Autotech has raised $2.4 million in pre-Series A funding to expand into wholesale spare parts distribution.
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Ugandan Agritech Startup Emata Secures $2.4 Million Seed Funding to Expand Agri-Loan Offerings
Ugandan agritech startup Emata has secured $2.4 million in seed funding to expand its agri-loan offerings across East Africa.
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Kenyan Fintech Lipa Later Secures $5 Million Debt Funding to Expand
Lipa Later, a Kenyan fintech startup that provides buy now, pay later (BNPL) financing solutions, has secured $5 million in debt funding.
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Joliba Capital Raises $59 Million to Invest in West African SMEs
Joliba Capital, a private equity firm focused on investing in SMEs in West Africa, has announced the first close of its Joliba Fund I at $59m.
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Interswitch and Google Pay Partner to Enhance Digital Payments to Nigeria
Interswitch, a leading payments company in Nigeria, has partnered with Google Pay to bring the popular mobile payment service to Nigeria.
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South African Solar Startup Wetility Raises $48 Million For Expansion
Wetility, a South African startup that offers solar energy solutions for households and businesses, has raised R903 million (~$48 million) in debt and equity.