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Tag: Investment News
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Cairo HR Tech Startup Bluworks Raises $1 Million to Accelerate Regional Expansion
Cairo-based HR tech startup Bluworks has raised $1 million in a seed funding round to support its expansion across Egypt and into the broader Middle East and North Africa (MENA) region.
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Enko Capital Secures $30 Million from PIC to Grow Private Credit Access Across Africa
South Africa’s state-owned asset manager, the Public Investment Corporation (PIC), has committed $30 million to a private-credit vehicle run by the Africa-focused alternative investment firm Enko Capital.
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Walmart Makes African Debut With Launch of First Retail Store in South Africa
The U.S. retail giant Walmart has officially opened its first store under the Walmart name in South Africa, marking a major step in its African expansion.
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South Africa’s Plentify Raises Series A to Take Its Smart Energy Tech Global
South African climate-technology firm Plentify has successfully closed a Series A funding round, adding new momentum to its mission of smarter home energy management as it sets its sights on international markets.
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Meta Completes 2Africa, the World’s Longest Open-Access Subsea Cable
Meta has completed the core construction of 2Africa, the subsea cable system it calls the world’s longest open-access network.
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30 African Startups Chosen for Latitude59 Kenya Finals as Continent’s Innovation Ecosystem Gains Global Spotlight
A total of 30 startups have been shortlisted as finalists for the Latitude59 Kenya Pitch Competition, emerging from a field of 222 applications submitted from 27 different countries.
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Morocco’s Chari Secures Investment From DisrupTech Ventures to Expand Community-Level Financial Services
Cairo-based early-stage fintech venture capital firm DisrupTech Ventures has made a strategic investment into Moroccan fintech startup Chari, marking its first deployment in Morocco and only its second investment in Africa outside of Egypt.
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Sahara Impact Ventures Backs Ghana’s Wahu Mobility to Accelerate Electric Transport Shift
Ghana’s electric mobility sector has received a fresh boost as Sahara Impact Ventures confirmed a new investment in Wahu Mobility, a home-grown e-mobility startup working to replace petrol-powered transport across African cities.
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IFC Plans Up to $15 Million Backing for Catalyst’s New MENA Climate Fund
The International Finance Corporation (IFC) has announced that it is considering an equity injection of up to $15 million into the newly launched Catalyst MENA Climate Fund II, a climate-focused investment vehicle managed by Catalyst Investment Management.