Tag: Investment News
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Mobility Fintech GoCab Raises $45m to Scale Driver Ownership and Electric Vehicles Across African Cities
London–headquartered mobility and financial services startup GoCab has announced a $45 million financing package to accelerate its growth across Africa and other emerging markets.
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EIB Commits $80 Million to Apis Growth Fund III to Expand Financial Services in Africa and Asia
The European Investment Bank (EIB) has confirmed an $80 million equity commitment to the Apis Growth Fund III, a major private equity vehicle led by Apis Partners that focuses on scaling financial services companies in emerging markets.
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Africa Forecast to Grow by 4.0% in 2026 Amid Debt Pressure and Global Uncertainty
Africa’s economy is projected to grow by 4.0% in 2026, according to the United Nations’ World Economic Situation and Prospects 2026 report.
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XSML Capital Closes $142 Million African Rivers Fund IV Above Target to Expand SME Financing in Frontier Markets
XSML Capital has closed its latest financing vehicle, African Rivers Fund IV (ARF IV), with total commitments of $142 million, surpassing the fund’s original $135 million cap.
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Gates Foundation and OpenAI Launch $50 Million AI Initiative to Strengthen Primary Healthcare in Africa
The Bill & Melinda Gates Foundation and OpenAI have launched a new $50 million artificial intelligence program aimed at strengthening basic health services in Africa, with initial deployment set to begin in Rwanda.
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Morocco’s Enakl Raises $2.3 Million to Expand Bus-Sharing Services and Launch Mobility Software
Morocco-based shared mobility startup Enakl has successfully secured $2.3 million in seed funding to accelerate the rollout of its collective transport services and unveil a new software product for transit operators and planners.
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Sahel Capital Renews $2.4 Million Working Capital Facility for Ghana’s Kuapa Kokoo to Support Cocoa Farmers
Sahel Capital has provided a new $2.4 million working capital loan to Kuapa Kokoo Limited (KKL) through its Social Enterprise Fund for Agriculture in Africa (SEFAA), reinforcing its earlier credit support for the Ghanaian cocoa firm.
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Development Partners International Invests $50 Million to Support Kazyon’s Expansion Across MENA
Development Partners International (DPI), the London-based private equity firm, has committed an additional $50 million in follow-on funding to support Kazyon, the fast-growing Egyptian discount retail chain, as it scales operations across the Middle East and North Africa.
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Mirova Invests $19 Million in Kenya’s Cold Solutions Kiambu to Scale Climate-Smart Cold Chain in East Africa
Mirova has committed $19 million to Cold Solutions Kiambu SEZ Limited, supporting the expansion of climate-aligned temperature-controlled logistics infrastructure in Kenya.