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Tag: Investment News
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Africa50 Names Sérgio Pimenta CEO of its $275 Million Infrastructure Acceleration Fund
Africa50, the leading pan-African infrastructure investor and multi-vehicle asset manager, has announced the appointment of Sérgio Pimenta as Chief Executive Officer of its Infrastructure Acceleration Fund (IAF).
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Avanz Capital Egypt Joins Algebra Ventures Fund II in Landmark Secondary LP Deal
Avanz Capital Egypt has joined Algebra Ventures’ second fund as a limited partner through a secondary transaction executed by its investment arm, Avanz Manara.
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Smile ID Expands Mastercard Partnership to Drive Secure Digital Identity Across Africa
Nigerian identity verification firm Smile ID has deepened its alliance with Mastercard in a move poised to hasten the deployment of secure digital identity systems across Africa.
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Norfund Backs SIPRA With €20 Million Funding to Expand Poultry Production Across Côte d’Ivoire
The Norwegian development finance institution Norfund has committed €20 million into Société Ivoirienne de Productions Animales (SIPRA), one of West Africa’s biggest domestically owned poultry enterprises.
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ALCB Fund Secures $45 Million from FMO to Expand Access to Local Currency Finance in Africa
The African Local Currency Bond Fund (ALCB Fund), managed by Cygnum Capital, has received a $45 million investment from Dutch development bank FMO, with co-funding from its asset management arm, FMO Investment Management (FMO IM).
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Nedbank Invests $28m in New GX Capital’s Fund for Clean Energy and Infrastructure in Africa
New GX Capital has revealed that Nedbank’s Corporate and Investment Banking arm has pledged $28 million to the firm’s Airnergize Capital Fund I, pushing total committed capital to $161 million as the fund nears its $200 million target.
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Norfund and KLP Commit $86 Million to Launch Major Renewable Energy Platform in South Africa
Norfund’s Climate Investment Fund, together with the country’s largest pension company KLP, will commit NOK 850 million (approximately USD 86 million) to establish a new renewable energy vehicle in South Africa called Anthem.
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Econet Founder Strive Masiyiwa Unveils $720M Plan to Build Africa’s First AI Factory Network by 2026
At the Unstoppable Africa 2025 forum, held alongside the 80th United Nations General Assembly, Zimbabwean tycoon Strive Masiyiwa, founder of Econet Global and Cassava Technologies, announced an ambitious plan to build Africa’s first pan-continental network of AI factories.
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Kenyan Fintech Zanifu Secures Fresh Backing from Yango Ventures to Expand SME Lending
Kenyan fintech Zanifu has secured fresh backing from Yango Ventures, the US$20 million corporate venture capital arm of global tech group Yango.