Tag: Investment News
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British company Bboxx and EV firm Spiro team up to accelerate electric mobility in 3 African countries
Bboxx, a leading provider of clean energy solutions, has joined forces with Spiro, a prominent electric mobility company, to accelerate the adoption of electric vehicles (EVs) in three African countries.
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Ghana’s Venture Capital Trust Fund Leads $10.5M Investment in Mirepa’s Maiden Fund To Support SMEs
Ghana’s Venture Capital Trust Fund (VCTF) has led a $10.5 million investment in Mirepa’s Maiden Fund.
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Nigerian cloud analytics platform Terragon raises $9 million in Series B round for expansion
Terragon, a leading data analytics company specializing in cloud-based solutions, has secured $9 million in a Series B funding round.
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E-mobility firm Roam opens factory in Kenya to manufacture 50,000 electric bikes annually
Roam, a leading electric mobility firm, has officially inaugurated its state-of-the-art factory in Nairobi. The facility will manufacture 50,000 electric motorbikes annually.
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BioNTech completes $550 million acquisition of Tunisian AI startup InstaDeep to bolster AI-powered drug discovery
BioNTech, the renowned German biotechnology company, has finalized the acquisition of Tunisia’s artificial intelligence (AI) startup, InstaDeep, in a deal worth $550 million.
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Nigeria-based merchant solution platform Traction raises $6 million seed to scale its operations
Nigerian-based merchant solution platform Traction has secured a $6 million seed to scale its operations.
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Nigerian healthtech startup Remedial Health secures $12 million in Series A funding for expansion
Remedial Health, a leading health tech startup based in Nigeria, has raised $12 million in a Series A funding round.
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Kenya’s leading telco Safaricom to start investing in tech startups via new funding ventures
Safaricom, Kenya’s leading telecommunications giant, has revealed its ambitious plan to bolster the tech startup ecosystem by launching two new subsidiaries.
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AfriLabs partners with the U.S. Department of State to tackle climate crisis in Africa through entrepreneurship
AfriLabs, one of Africa’s largest networks of technology and innovation hubs, has joined hands with the United States Department of State to tackle the climate crisis in Africa through entrepreneurship.