Tag: Investment News
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Microsoft to Train 3 Million Africans in AI skills by 2026
Microsoft has announced plans to train three million people across Africa in artificial intelligence (AI) skills in 2026, marking a significant expansion of its efforts to grow its presence on the continent and respond to rising competition from alternative AI platforms.
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Standard Bank Backs Enko Education with $22 Million to Expand Pan-African School Network
Standard Bank has arranged a $22 million debt facility for Enko Education, providing fresh capital to support the school network’s expansion across Africa.
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South Africa’s Happy Pay Raises $5 Million to Expand Ad-Supported BNPL Model in Africa
South African fintech startup Happy Pay has secured $5 million in seed funding as it looks to expand a new approach to buy-now-pay-later (BNPL) services built around advertising rather than consumer fees.
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Starsight Secures $15 Million from BII to Scale Solar Energy Projects in West Africa
Starsight Energy Africa Group has raised $15 million in mezzanine debt financing from British International Investment (BII), in a move aimed at scaling its clean energy operations across West Africa, particularly in Nigeria.
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Aqua-Spark Secures $48 Million First Close for Africa Aquaculture Fund Targeting Sustainable Food Systems
Aqua-Spark has secured an initial $48 million for its Aqua-Spark Africa fund, marking the first funding milestone for an investment vehicle designed to support the growth of sustainable aquaculture across sub-Saharan Africa.
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IFC Proposes $20 Million Commitment to Lightrock’s New Africa-Focused Fund
The International Finance Corporation (IFC) has announced plans to invest up to $20 million in the Lightrock Africa Fund II (LRAF II), a new private equity vehicle focused on backing high-growth companies across Africa.
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EIB Global Commits €40 Million to Speedinvest Fund Targeting African Tech Startups
EIB Global has committed €40 million to a Speedinvest-managed fund that will invest in African technology startups across key and emerging markets.
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Proparco Commits $15 Million to AIIM Climate Fund to Accelerate Early-Stage Climate Infrastructure in Africa
French development finance institution Proparco has pledged $15 million to the African Transition Acceleration Fund (ATAF), a pan-African investment vehicle designed to support climate-related infrastructure projects at the earliest stages of development.
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iSAT Africa Secures $15 Million from Mirova to Deploy Solar-Powered Telecom Towers in Liberia and Zambia
Impact investment firm Mirova has committed a $15 million senior secured loan to iSAT Africa Mauritius Limited to support the rollout of solar-powered telecommunications towers in Liberia and Zambia.