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Tag: Investment News
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AfDB Backs Zambeef with $32 Million Guarantee to Scale Food Production and Support Local Farmers
The African Development Bank Group (AfDB) has approved a Zambian Kwacha-backed Risk Sharing Credit Guarantee worth $32 million to help finance Zambeef Products Plc’s $100 million expansion plan in Zambia.
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Top Startups and Investor Honored at AfricArena Lagos Summit 2025
The 2025 AfricArena Lagos Fintech, Mobility & Logistics Summit concluded on a high note at the Eko Hotel and Suites, Victoria Island, Lagos, with five startups and one investor recognized for their outstanding contributions to Africa’s tech innovation space.
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CREI Secures $40 Million for Renewable Energy Project in Mali
Communication & Renewable Energy Infrastructure (CREI), the energy division of Ieng Group, has secured $40 million in bridge financing to expand renewable energy systems for telecom towers in Mali.
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IFC and TLG Capital Launch $75M Fund to Help African SMEs Stay Afloat
To help small and medium-sized businesses in Africa access the financing they need, the International Finance Corporation (IFC) and investment firm TLG Capital have launched a new private credit initiative.
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Kofa Raises $8.1 Million in Pre-Series A Funding to Expand Clean Energy Access in Urban Africa
Ghanaian energy technology startup Kofa has raised $8.1 million in a pre-Series A funding round aimed at scaling its battery-swapping network across cities in Africa.
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Renew Capital Backs Ghanaian Startup Tendo to Boost Online Entrepreneurship
Impact investment firm Renew Capital has announced an investment in Tendo, a digital platform based in Ghana that enables people to launch their own online businesses with no upfront cost.
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Nigerian Investment Firm C-One Ventures Acquires Microfinance Bank, Bankly
C-One Ventures, a Nigerian investment company with a focus on technology and finance, has completed the acquisition of Bankly, a licensed microfinance bank.
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Nigeria’s OmniRetail Raises $20 Million in Series A funding to Expand in West Africa
OmniRetail, a Nigerian startup helping informal retailers manage supply chains digitally, has secured $20 million in Series A funding.
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Aruwa Capital Raises $35 Million for Second Fund, Aiming to Boost Women-Led Businesses
Aruwa Capital Management, a female-founded and led investment firm based in Lagos, has secured 90% of its $40 million goal for its second fund, Aruwa Capital Fund II.