Tag: Investment News
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GoSwap Secures Azur Innovation Fund Backing to Scale Electric Mobility Network in Morocco
Moroccan electric mobility startup GoSwap has secured its first external investment, raising funds from the Azur Innovation Fund as it looks to scale its battery-swapping infrastructure and expand the use of electric two-wheelers across the country.
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Scale Teams up With Mastercard to Ease Card Issuance for African Businesses
A South African fintech startup, Scale, has entered into a strategic partnership with global payments firm Mastercard to simplify how businesses issue payment cards across parts of Africa.
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DEG Commits €15 Million to Adenia Fund Targeting Growth of African SMEs
German development finance institution DEG has committed €15 million to the Adenia Entrepreneurial Fund I (AEF I), a pan-African private equity vehicle managed by Adenia Partners.
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PIDG Invests €4.3 Million to Scale Afreenergy Solar’s Clean Energy Expansion in Senegal
The Private Infrastructure Development Group (PIDG) has announced a €4.3 million investment in Afreenergy Solar to support the expansion of clean energy solutions for businesses in Senegal.
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IFC Invests $45 Million in IPT PowerTech to Expand Clean Energy for Telecom Networks in Ethiopia, Liberia, and Sierra Leone
The International Finance Corporation (IFC) has committed $45 million to support the expansion of clean energy solutions for telecom infrastructure in Ethiopia, Liberia, and Sierra Leone.
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RMBV, Proparco Invest $90 Million in Morocco’s Africa Feed & Food to Boost Agri-Food Growth
RMBV’s North Africa Fund has committed MAD 850 million (approximately $90 million) to Africa Feed & Food (AFF), a Moroccan agro-industrial company, in a deal that also brings in French development finance institution Proparco.
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Littlefish Raises $9.5 Million Series A to Expand Merchant Infrastructure for African Banks
South African fintech startup Littlefish has secured $9.5 million in Series A funding to accelerate the growth of its merchant services platform across Africa, as demand rises for better digital tools to support small businesses.
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BII and Deutsche Bank Launch $150 Million Trade Finance Initiative to Unlock Capital in Africa’s Frontier Markets
British International Investment (BII) has announced a $150 million risk-sharing agreement with Deutsche Bank, marking the first collaboration between the UK development finance institution and the German lender.
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Adenia Secures $180 Million First Close for SME-Focused Africa Fund
Africa-focused private equity firm Adenia Partners has secured $180 million at the first close of its Adenia Entrepreneurial Fund I (AEF), hitting its maximum fundraising limit in under a year.