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Tag: Investment News
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Wingu Africa Secures $60 Million to Expand Data Infrastructure and Boost Digital Growth in East Africa
Wingu Africa, a prominent data center operator in East Africa, has secured $60 million in funding from Rand Merchant Bank (RMB) to accelerate its expansion across the region.
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Mediterrania Capital Partners Announces Final Close of €600 Million Fund Targeting African Mid-Cap Companies
Mediterrania Capital Partners, a private equity firm focused on growth investments in Africa, has officially announced the final close of its latest fund, Mediterrania Capital IV Mid Cap (MC IV), with total commitments reaching €600 million.
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Enko Capital Secures Up to $25 Million IFC Commitment to Bridge SME Financing Gap in Africa
Enko Capital, a firm specializing in investments across Africa, has secured a significant commitment from the International Finance Corporation (IFC) for its new Enko Impact Credit Fund (EICF).
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Zoodlabs and CrossBoundary Energy Launch Sierra Leone’s First 5G Network Powered by Renewable Energy
Sierra Leone is taking a significant step toward digital and environmental progress by introducing its first 5G network powered by renewable energy.
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CFM and SODEN Ink $3 Million Deal for World’s First Cocoa Waste Power Plant in Côte d’Ivoire
Climate Fund Managers (CFM) and Ivorian energy company Société des Energies Nouvelles (SODEN) have entered into a $3 million development funding agreement to advance the Divo Biomass Project.
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Nigeria and Gates Foundation Launch $7.5 Million AI Scaling Hub to Transform Key Sectors – Copy
The Nigerian government, in collaboration with the Bill & Melinda Gates Foundation, has inaugurated the Nigeria Artificial Intelligence (AI) Scaling Hub.
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Nigeria and Gates Foundation Launch $7.5 Million AI Scaling Hub to Transform Key Sectors
The Nigerian government, in collaboration with the Bill & Melinda Gates Foundation, has inaugurated the Nigeria Artificial Intelligence (AI) Scaling Hub.
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Incofin Backs East African Food Enterprises to Boost Nutrition and Food Security
Incofin Investment Management, through the Nutritious Food Financing Facility (N3F) and in partnership with the Global Alliance for Improved Nutrition (GAIN), has invested in three food companies in East Africa: Soy Afric in Kenya, and Mkuza Chicks and Rainbow Haulage in Tanzania, to boost nutrition and food security in the region.
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Plentify and Conlog Partner to Expand Smart Energy Solutions Across Africa
South African climate-tech company Plentify has partnered with Conlog, Africa’s leading smart metering provider, to deploy intelligent energy management systems to over 50 million households across the continent.