Tag: Investment News
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IFC Plans $120 Million Investment in Zafiri Renewable Energy Platform Targeting 30 Million Africans
The International Finance Corporation (IFC) is planning to invest up to $120 million in a new renewable energy-focused investment platform, Zafiri Investment Vehicle, which will be headquartered in Mauritius and aimed at expanding energy access across Sub-Saharan Africa.
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Inspired Evolution Backs CrossBoundary Energy with $40 Million to Scale Clean Power for African Businesses
Inspired Evolution has committed $40 million to CrossBoundary Energy in a move aimed at accelerating the rollout of clean power solutions for businesses across sub-Saharan Africa, as demand grows for reliable alternatives to unstable grid electricity.
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Africa Faces a $100 Billion Annual Agriculture Financing Gap, Undermining Food Systems and Economic Growth
Africa faces a $100 billion annual agriculture financing gap, limiting productivity, increasing food imports, and exposing structural weaknesses across the continent’s food systems.
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South Africa’s Shiprazor Secures $2.65 Million to Tackle Africa’s E-Commerce Delivery Challenges
Cape Town-based logistics startup Shiprazor has secured $2.65 million in seed funding as it looks to address one of the biggest bottlenecks facing Africa’s fast-growing e-commerce sector: the high cost and complexity of deliveries.
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Secha Capital Secures New Backing from E Squared for $40 Million SME Growth Fund
Secha Capital has secured additional backing for its second growth fund, bringing in E Squared Investments as a new investor as it advances toward its fundraising target.
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Proparco Backs Novastar’s $147 Million Africa Climate-Focused Fund With $5 Million Commitment
Proparco, the private sector arm of the French Development Agency, has invested $5 million in Novastar Ventures’ Africa People and Planet Fund III, which has now reached a final close of $147 million.
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Metalosul Secures Enko Capital Funding for Major Solar Expansion in Angola
Enko Capital has made a new investment in Angola’s renewable energy sector through its Impact Credit Strategy, supporting a large-scale solar project being developed by Metalosul, a subsidiary of the Omatapalo Group.
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Ethiopia’s Dodai Raises $13 Million to Expand Electric Motorbike and Battery-Swapping Network
Ethiopian electric mobility startup Dodai has secured $13 million in fresh funding to scale its electric motorbike operations and battery-swapping network, as the country pushes toward cleaner transport solutions.
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IFC Proposes $40 Million Investment in Cygnum Capital’s Facility for Energy Inclusion Fund
The International Finance Corporation (IFC) is considering an equity investment of up to $40 million in the Facility for Energy Inclusion (FEI), a continent-wide debt fund focused on expanding access to renewable energy in Africa.