Tag: Investment News
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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).
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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.