Tag: Investment News
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Egyptian Fintech Startup Khazna Secures $16 Million Pre-Series B to Drive Growth
Egyptian fintech company Khazna has successfully raised $16 million in a pre-Series B funding round to strengthen its presence in Egypt and expand operations into Saudi Arabia.
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IFC Proposes $6 Million Investment in Flat6Labs’ New African Startup Fund
Flat6Labs, a leading venture capital firm and startup accelerator in the MENA region, is set to receive a proposed equity investment of up to $6 million in its newly launched fund from the International Finance Corporation (IFC).
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Foundation Ventures Secures First Close of $25M Fund to Back Egyptian Startups
Cairo-based venture capital firm Foundation Ventures has announced the first close of its new $25 million fund, FVFII, marking a significant step toward strengthening Egypt’s entrepreneurial ecosystem.
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African Leaders Unite to Power 300 Million People With Energy Access in $50 Billion Plan
Thirty African Heads of State and Government have endorsed the Dar es Salaam Energy Declaration, a landmark commitment to increasing access to reliable, affordable, and sustainable electricity across the continent.
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Microsoft to Train One Million South Africans in AI and Cybersecurity by 2026
Microsoft has announced a new initiative to train one million South Africans in artificial intelligence (AI) and cybersecurity by 2026.
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Bayer and Pula Foundation Partner to Insure 10 Million Smallholder Farmers in Africa
Bayer and Pula Foundation have partnered to offer insurance coverage to 10 million smallholder farmers across Sub-Saharan Africa and South Asia by 2030.
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Swedfund Commits €40 Million For Green Projects in Africa, Others
Sweden’s development finance institution, Swedfund, has pledged €40 million to improve infrastructure in Africa, the Levant, and South and Southeast Asia.
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Eyouth and EDT&Partners Launch $6M Initiative to Empower 1 Million Youth in MENA with Digital Skills
Egyptian skills development startup Eyouth has announced a significant partnership with global education consultancy EDT&Partners, launching a $6 million initiative to equip one million young people across Africa and the Middle East with essential digital skills.
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Proparco Commits €10 Million to AfricInvest’s SME Fund to Drive Growth Across Africa
Proparco, a French development finance institution, has announced a €10 million investment in AfricInvest’s latest fund to support small and medium-sized enterprises (SMEs) across Africa.