Tag: Investment News
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Egyptian Startup Nowlun Secures $1.7 Million in Seed Funding to Transform Logistics Industry
Egypt-based logistics platform Nowlun has raised $1.7 million in a seed funding round led by Nama Ventures and A15, with additional contributions from Sanabil 500 Global and prominent angel investors.
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President Biden Announces Over $1 Billion in Support to Tackle Food Insecurity in Africa
President Joseph R. Biden has announced more than $1 billion in additional humanitarian assistance to address urgent needs arising from food insecurity and crises affecting refugees, internally displaced persons (IDPs), and vulnerable communities in 31 African countries.
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Moroccan Startup Enakl Secures $1.4 Million pre-Seed Funding to Revolutionize Urban Mobility
Moroccan urban mobility startup Enakl has raised $1.4 million in pre-seed funding to advance its mission of offering safer, smarter, and sustainable collective transport solutions for daily commutes, both locally and internationally.
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SIFEM Commits $15 Million to Ninety One’s Africa Credit Opportunities Fund 3
Swiss development finance institution, SIFEM, has committed $15 million to the first close of Ninety One’s Africa Credit Opportunities Fund 3, which targets a total fundraising of $500 million.
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SPE Capital Partners Invests $35 Million in Morocco’s Dislog Group
SPE Capital Partners, through its AIF I Fund, has invested MAD 350 million (approximately $35 million) in Moroccan consumer goods company Dislog Group.
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Ghana’s Oyster Agribusiness Gets Funding From Sahel Capital to Boost Smallholder Farmer Market Access
Sahel Capital, the fund manager for the Social Enterprise Fund for Agriculture in Africa (SEFAA), has approved a term and working capital loan of approximately $610,000 to support Ghanaian-based Oyster Agribusiness.
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WTO Reappoints Nigeria’s Dr. Ngozi Okonjo-Iweala for Second Term as Director-General
The World Trade Organization (WTO) General Council has unanimously reappointed Dr. Ngozi Okonjo-Iweala for a second four-year term as Director-General.
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15 Startups, Organizations, and Individuals Feted at the African Leg of Global Startup Awards
Fifteen innovative startups, organizations, and individuals have emerged as winners in the African segment of the prestigious Global Startup Awards (GSA).
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Kenyan Startup Keep IT Cool Secures Funding for Pan-African Expansion
Kenyan startup Keep IT Cool, known for its innovative and sustainable refrigeration solutions, has received funding from global impact investor Acumen to support its ambitious expansion across Africa.