Tag: Investment News
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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.
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Pan-African Talent Cloud Tech Company Gebeya Partners with NVIDIA to Upskill 50,000 Developers in Africa
Gebeya, a leading Pan-African talent cloud technology company, has joined forces with NVIDIA, a global powerhouse in graphics and AI technology, to establish a network of 50,000 NVIDIA-certified developers in Africa.
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African VC Janngo Capital Closes Second Fund at $78 Million to Back African Entrepreneurs
Janngo Capital, an African venture capital firm, has successfully closed its second fund at $78 million, exceeding its initial goal of $63 million by 20%.