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Tag: Investment News
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Crossfin Backs DigiSquad to Boost Financial Inclusion in Africa
South African investment firm Crossfin, known for its focus on financial technology, has announced a new investment in DigiSquad, a payments advisory company based in Johannesburg.
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Sierra Leone Gets Its First Digital Banking Super App with Support from Velmie
Global banking technology company Velmie has supported the launch of Vult, Sierra Leone’s first digital banking super app, to help expand access to financial services in the country.
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Mastercard Foundation Africa Growth Fund Partners with CCA to Support MSMEs in Africa
A new partnership between the Mastercard Foundation Africa Growth Fund and Capital Connect Africa (CCA) is aiming to tackle one of the biggest challenges faced by African micro, small, and medium enterprises (MSMEs): access to financing.
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Huawei Launches Smart Warehouse in South Africa to Transform African Logistics
Huawei South Africa has unveiled a cutting-edge smart warehouse in Johannesburg, marking a major development in the region’s logistics landscape.
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Zimi Gets $320,000 to Turn Electric Vehicles into Backup Power Sources in South Africa
South African electric vehicle startup Zimi has received a grant of $320,000 (about R6 million) from the Energy and Environment Partnership (EEP Africa Trust Fund).
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Scalar and Mergence Launch $150 Million Fund to Boost Clean Energy and Digital Infrastructure in Southern Africa
Scalar International and Mergence Investment Managers have launched a new $150 million private equity fund to support clean energy and digital infrastructure projects in the region.
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South African Fintech Startup Stitch Secures $55 Million in Series B Funding
South African payments company Stitch has raised $55 million in its latest Series B funding round, pushing its total funding to $107 million.
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DPI Launches New Venture Capital Arm to Support African Tech Startups
Development Partners International (DPI), a major private equity investor, has raiseda new venture capital platform aimed at supporting technology startups across Africa.
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ARM-Harith Secures $12.5 Million Investment from FSD Africa to Boost Climate Infrastructure in Nigeria
FSD Africa Investments (FSDAi), a UK-backed development finance investor, has announced a $12.5 million investment into the ARM-Harith Climate and Transition Infrastructure Fund (ACT Fund) to attract more local capital into climate-related infrastructure projects across Nigeria.