Tag: Investment News
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IFC and MIGA Back Morocco’s Tanger Med Port Expansion with $433 Million Sustainability-Linked Financing
The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both part of the World Bank Group, have joined forces with Morocco’s Tanger Med Port Complex in a significant expansion project for its truck and passenger terminal.
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Ghana’s Wahu Mobility and Letshego Partner to Make EV Ownership More Accessible in Africa
Ghanaian electric vehicle (EV) startup Wahu Mobility and financial service provider Letshego have partnered to make EV ownership more affordable and accessible in Africa.
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African Startups Invited to Apply for Harvard’s New Venture Competition
African startups have been invited to apply for the prestigious New Venture Competition organized by Harvard Business School’s Africa Business Club.
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Beacon Power Services Secures Series A Funding to Expand to Eastern and Southern Africa
Beacon Power Services (BPS), an innovative energy technology company, has successfully secured funding through a Series A financing round.
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Mastercard and Diamond Trust Bank (DTB) Partner to Enhance Digital Payments in East Africa
Mastercard and Diamond Trust Bank (DTB) have entered into a significant 10-year agreement aimed at expanding digital payment solutions across Kenya, Uganda, and Tanzania.
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Visa Strengthens African Digital Economy with Investments in Four Fintech Startups
Visa has announced investments in four fintech startups that recently graduated from its Africa Fintech Accelerator program.
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Nigeria Partners with Moroccan Firm to Boost Local Electric Vehicle Production
Nigeria is advancing its electric vehicle (EV) industry through a strategic partnership with a Moroccan company, aiming to drive local manufacturing and reduce dependence on imported vehicles.
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Egypt Launches $30 Million Deloitte Innovation Hub to Boost Digital Exports and Job Creation
Egypt’s Minister of Communications and Information Technology, Amr Talaat, has inaugurated the Deloitte Innovation Hub, a new venture established with an investment of $30 million over three years.
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British International Investment and Absa Group Announce $150 Million Trade Facility to Support African SMEs
British International Investment (BII), the UK’s development finance institution, has unveiled a $150 million trade facility with Absa Group.