Tag: Investment News
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IFC Grants $30 Million Facility to Egyptian Retail Chain Kazyon for Expansion
The International Finance Corporation (IFC) has given a $30 million loan to Kazyon, a major Egyptian retail company, to support its growth in Morocco.
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Equator Raises $55 Million to Support African Climate Tech Startups
Equator, an African venture capital firm, has raised $55 million for its first fund aimed at supporting early-stage climate tech startups across the continent.
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Microsoft Commits Over $285 Million to Expand Cloud and AI Infrastructure in South Africa
Tech giant Microsoft has unveiled plans to invest approximately USD 285 million (ZAR 5.4 billion) by the end of 2027 to enhance its hyperscale cloud and artificial intelligence (AI) infrastructure in South Africa.
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Everlectric Secures Funding from Edge Growth’s Vumela Fund to Accelerate EV Adoption in South Africa
Pretoria-based electric vehicle (EV) startup Everlectric has secured venture debt funding from FNB South Africa’s Vumela Fund, managed by Edge Growth.
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BasiGo Expands Electric Bus Operations in Rwanda with 28 New Buses
Electric bus provider BasiGo is set to enhance Rwanda’s public transport sector with the arrival of 28 new electric buses.
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Emerging Africa & Asia Infrastructure Fund Invests $45 Million in CrossBoundary Energy
The Emerging Africa & Asia Infrastructure Fund (EAAIF), under the management of Ninety One, has committed $45 million in funding to CrossBoundary Energy.
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Sahel Capital Invests in MM LEKKER to Boost Benin’s Agricultural Sector
Sahel Capital has provided a $400,000 working capital loan to MM LEKKER through its Social Enterprise Fund for Agriculture in Africa (SEFAA), aiming to strengthen agricultural trade and smallholder farmer support in Benin.
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South African Agri-Tech Startup Khula Secures $6.8 Million to Drive Expansion
South African agri-tech company Khula has successfully raised $6.8 million in its ongoing Series A funding round, with backing from notable investors including Absa Bank and PepsiCo.
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EIB Joins AFC in $750 Million Infrastructure Climate Resilient Fund to Boost Africa’s Climate Adaptation
The European Investment Bank (EIB) has officially joined forces with the Africa Finance Corporation (AFC) in financing the $750 million Infrastructure Climate Resilient Fund (ICRF), a major initiative aimed at accelerating climate adaptation and sustainable infrastructure development across Africa.