Tag: Investment News
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AfriLabs Joins Forces with ITU to Boost African Tech
Fifty promising entrepreneurs from across Africa have been selected as finalists for the fifth edition of the Africa’s Business Heroes (ABH) initiative.
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Founders Factory Africa Rebrands as 54 Collective, Plans to Invest in 105 Early-Stage African Startups
South African startup accelerator, Founders Factory Africa, has undergone a significant transformation, rebranding as 54 Collective.
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Egyptian Fintech Lucky ONE Secures $3 Million to Expand Credit Platform and Regional Footprint
Lucky ONE, an Egyptian fintech specializing in consumer credit, has successfully raised $3 million in a convertible bond funding round.
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African Infrastructure Investment Managers Raise $748 Million for Fourth Pan-African Infrastructure Fund
African Infrastructure Investment Managers (AIIM), Africa’s largest dedicated sustainable infrastructure equity manager, has successfully closed its fourth pan-African infrastructure fund, African Infrastructure Investment Fund 4 (AIIF4), with a total of USD748 million raised.
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Egyptian Fintech Qardy Secures Pre-Seed Investment to Boost Lending Platform
Egyptian fintech startup Qardy has announced a significant boost to its operations after securing a seven-figure US dollar pre-seed investment.
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50 Entrepreneurs Make Final Cut for Africa’s Business Heroes
Fifty promising entrepreneurs from across Africa have been selected as finalists for the fifth edition of the Africa’s Business Heroes (ABH) initiative.
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VC Firm HAVAÍC Secures $15 Million for Third African Innovation Fund
Venture Capital firm HAVAÍC has successfully raised $15 million in commitments for its third African Innovation Fund, marking the first close of the $50 million fund.
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Egyptian Fintech MNT-Halan Expands into Turkey with Acquisition of Tam Finans
Egyptian fintech giant MNT-Halan has announced its entry into the Turkish market through the acquisition of Tam Finans, a leading commercial finance company in the country.
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IFC, Proparco, and Helios Partner to Invest in Africa’s Sports and Entertainment Industry
The International Finance Corporation (IFC), Proparco, and Helios Sports and Entertainment Group have announced a strategic partnership to drive growth in Africa’s sports and entertainment sector.