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Tag: Investment News
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Grid Africa Secures $2.8 Million Investment to Boost Renewable Energy Projects in South Africa
Grid Africa has secured a significant equity investment of $2.8 million from Rifuwo Energy Partners to accelerate its renewable energy projects across South Africa.
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Lapaire Secures Funding from AfricInvest and Proparco to Expand Optical Care Across Africa
Lapaire, a fast-growing African eyewear startup, has secured significant financial backing from AfricInvest and Proparco to expand its optical care services across the continent.
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Yellow Card Secures $33 Million Series C Funding to Drive Expansion in Africa
Yellow Card, a leading fintech company in Africa, has raised $33 million in a Series C funding round aimed at enhancing its operations and driving expansion across the continent.
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Kenya’s Octavia Carbon Secures $5 Million in Seed Funding to Advance Carbon Removal from Air
Kenyan startup Octavia Carbon has successfully raised $5 million in seed funding to advance its innovative direct air capture (DAC) technology, which aims to remove carbon dioxide (CO2) from the atmosphere using geothermal resources, particularly waste heat.
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Egypt-Based Micromobility Startup Rabbit Mobility Raises $1.3 Million to Drive Expansion in North Africa
Egypt-based micromobility startup Rabbit Mobility has successfully secured $1.3 million in a fresh investment round aimed at accelerating its expansion across Egypt and North Africa.
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IFC Invests $25 Million in Acumen’s Fund to Enhance Energy Access in Sub-Saharan Africa
The International Finance Corporation (IFC) has committed up to $25 million to Acumen’s Hardest-to-Reach (H2R) Fund, a $200 million initiative aimed at improving energy access in underserved regions of Sub-Saharan Africa.
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JPMorgan Chase Granted Approval to Establish Representative Office in Kenya
JPMorgan Chase, the largest bank in the U.S. by market capitalization, has been granted approval by the Central Bank of Kenya (CBK) to open a representative office in Kenya.
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Ivorian Fintech Waribei Secures Pre-Seed Funding to Empower Small Traders in Africa Through Inventory Financing
Waribei, a fintech startup based in Ivory Coast, has successfully secured €750,000 ($820,462) in pre-seed funding to advance its innovative inventory financing solution designed for small traders across Africa.
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AfricInvest Closes its Transform Health Fund at $111 Million to Improve Healthcare Across Africa
AfricInvest, a prominent pan-African investment platform, has successfully closed its Transform Health Fund (THF) at $111 million, surpassing its original target.