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Tag: Investment News
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African Union Unveils $170 Billion Annual Infrastructure Drive, Earmarks $30 Billion for Aviation Modernization
This week in Luanda, Angola, the African Union (AU) held its third high-level summit, uniting African transport ministers, airline CEOs, and representatives from the World Bank and European Commission.
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Mediterrania Capital Partners Backs Coris Holding with €100 Million to Boost Financial Inclusion in West Africa
Private equity firm Mediterrania Capital Partners has announced a €100 million co-investment into Coris Holding, the second-largest banking group in the West African Economic and Monetary Union (WAEMU) region.
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DEG Invests $25 Million in Helios Fund V to Support Growth of African Enterprises
Germany’s development finance institution DEG has announced a US$25 million commitment to Helios Fund V, the fifth private-equity vehicle managed by London-based Helios Investment Partners.
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AfDB Approves $75 Million for Nyanza Light Metals to Advance South Africa’s Titanium Processing Industry
The African Development Bank (AfDB) has pledged US$75 million in financing to Nyanza Light Metals, a South Africa–based company, to help establish a titanium-dioxide pigment production facility in the Richards Bay Industrial Development Zone (RBIDZ), KwaZulu-Natal.
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Green Climate Fund commits to $40 million investment in Novastar Ventures Fund III
The global climate finance body, the Green Climate Fund (GCF), has pledged up to US$40 million to the third fund of Novastar Ventures in Africa — the Africa People and Planet Fund III (NVIII).
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Ivory Coast E-Commerce Platform ANKA Acquired by US Retail Technology Company Global Shop Group
Ivorian-based e-commerce company, ANKA, has been acquired by US-firm Global Shop Group, marking the latter’s entry into Africa’s fashion and commerce infrastructure marketplace.
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Nvidia Invests in Cassava Technologies to Power Africa’s AI Infrastructure Expansion
Cassava Technologies, the pan-African digital-infrastructure group founded by Strive Masiyiwa, has announced that it has secured a strategic investment from global chip manufacturer NVIDIA.
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Egypt-Born AI Startup Velents.ai Raises $1.5 Million to Launch the First Arabic-Speaking AI Employee
Enterprise-AI startup Velents.ai has raised US $1.5 million in a new funding round as it launches Agent.sa, which it describes as the first fully integrated Arabic-speaking AI employee tailored for organisations across the Middle East.
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FinDev Canada Grants $100 Million Loan to AFC to Boost Climate-Resilient Infrastructure Across Africa
Canada’s development finance institution, FinDev Canada, has committed a USD 100 million loan to the Africa Finance Corporation (AFC), a major infrastructure financier in Africa.