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Tag: Investment News
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South Africa’s TymeBank Secures $77.8 Million in Pre-Series C Funding From Norrsken22 and Blue Earth Capital
South African digital banking leader TymeBank has secured $77.8 million in a pre-Series C funding round.
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Senegal and Global Green Growth Institute Partner to Enhance Urban Mobility
Senegal’s transportation authority, the Executive Council for Sustainable Urban Transport (Cetud), and the Global Green Growth Institute (GGGI) have joined forces to optimize urban mobility in Dakar and other Senegalese cities.
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Africa50 Pledges $100 Million to Boost Renewable Energy in Africa Through IRENA Initiative
The International Renewable Energy Agency (IRENA) has welcomed Africa50, a pan-African infrastructure and investment group, as a new partner in its Energy Transition Accelerator Financing (ETAF) platform.
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World Bank Agency MIGA Guarantees $50.3 Million for Nuru’s Solar Grids in Eastern DRC
The Democratic Republic of Congo (DRC)’s eastern region is set for a significant boost in electricity access thanks to a new project by Congo Energy Solutions (Nuru).
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Kenyan Identity Management Startups Peleza and Prembly Merge to Form Prembly Group
Kenyan identity management startup Peleza and Y Combinator-backed Prembly have joined forces to create a new entity, the Prembly Group.
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CityBlue Hotels Invests in Sustainable Agtech Startup Farm to Feed
CityBlue Hotels, a leading African hospitality chain, has announced a strategic investment in Farm to Feed, a B2B platform tackling food waste in Sub-Saharan Africa.
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Nigerian Digital Therapy Startup Blueroomcare Secures Funding to Expand Access to Mental Healthcare
Blueroomcare, a Nigerian startup offering insurance-covered online therapy services, has secured an undisclosed amount of pre-seed funding.
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Finnfund Provides $5 Million Loan to Improve Mobile Connectivity in South Sudan
Finnish development financier Finnfund has announced a $5 million mezzanine loan to Communication & Renewable Energy Infrastructure (CREI) to support the installation of hybrid power solutions for telecom sites in South Sudan.
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Vantage Capital Pumps $47.5 Million into Expansion of Kenyan Business Park Two Rivers
Two Rivers International & Innovation Centre (TRIFIC SEZ), a unique services-oriented business park within Nairobi’s diplomatic zone, has secured a $47.5 million investment from Vantage Capital, Africa’s largest mezzanine fund manager.