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Tag: Investment News
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IFC Launches New Women-Centered Initiative to Strengthen Economic Opportunities in Africa
The International Finance Corporation (IFC), part of the World Bank Group, has introduced a new program called the Africa Leadership Economic Advancement and Development for Women (LEAD) Alliance.
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Egyptian Proptech Nawy Closes $52 Million Series A to Avance AI Infrastructure and Grow in MENA
Property technology company Nawy has successfully raised $52 million in a Series A equity round to support its strategic expansion across Egypt and the broader MENA region.
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Safaricom Becomes First East African Firm to Cross $3 Billion Revenue Mark
Safaricom PLC has reached a major milestone, making history as the first East African business to earn over $3 billion (KES 388.7 billion) in annual revenue.
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Proparco Partners with RMBV to Boost Mid-Market Growth Through North Africa Fund III
Proparco has partnered with RMBV to support the North Africa Fund III (NAF III), which aims to drive economic growth in the region.
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FEDA to Lead $1 Billion Investment in Africa’s Film and TV Industry
The Fund for Export-Development in Africa (FEDA), an investment arm of the African Export-Import Bank (Afreximbank), has established a $1 billion Africa Film Fund to support Africa’s growing film and TV industry.
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First-Ever HIV Medicine Made in Africa Procured by Global Fund in Landmark Move
The Global Fund to Fight AIDS, Tuberculosis and Malaria has procured its first-ever supply of first-line HIV treatment produced in Africa.
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Platos Health Raises $1.4 Million Pre-Seed to Expand AI-Powered Home Health Monitoring in Nigeria
Lagos-based health technology startup Platos Health has secured $1.4 million in a pre-seed funding round to grow its artificial intelligence-powered health platform, Platos Monitor.
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Egypt’s MoneyFellows Raises $13 Million to Boost Expansion and Reinvent Group Savings in Africa
Egyptian fintech startup MoneyFellows has secured $13 million in a pre-Series C investment round to support its growth beyond Egypt and enhance its digital savings platform.
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Dubai and South Africa Launch AI Investment Hub to Link Africa with Global Markets
A new AI-focused trade and investment hub has been launched through a partnership between the Dubai Centre for Artificial Intelligence (DCAI) and the South African Artificial Intelligence Association (SAAIA).