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Tag: Investment News
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Accion Launches $152.5 Million Fund to Drive Digital Transformation for Financial Inclusion in Africa
Accion, a non-profit focused on financial inclusion, has announced the launch of the Accion Digital Transformation Fund, a $152.5 million initiative designed to empower traditional financial institutions in serving underserved small businesses.
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Senegalese Retail Tech Startup Maad Secures $3.2 Million in Seed Funding to Fuel Expansion and Innovation
Maad, a Senegalese logistics platform catering to informal retailers, has secured $3.2 million in seed funding.
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Admaius Capital Partners Invests in Rwanda Telco TRES Infrastructure to Boost Connectivity
Africa-focused private equity firm Admaius Capital Partners (“Admaius”) has announced a majority equity investment in TRES Infrastructure Limited (“TRES”), the sole Rwandan company licensed to own, operate, and develop shared telecommunications infrastructure.
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Egyptian Fintech Startup MNZL Secures $3.5 Million in Seed Funding to Revolutionize Asset-Backed Lending
Egyptian fintech startup MNZL has secured $3.5 million in seed funding to improve its technology and expand its operations.
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Egyptian Startup Swypex Launches All-in-One Financial Platform for Businesses After $4 Million Seed Round
Egyptian startup Swypex has unveiled its one-stop financial management platform designed to streamline business operations.
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British Investment and Nordic Fund Inject $29.5 Million into Climate Insurance Technologies for Africa
The British International Investment (BII) and the Nordic Development Fund (NDF) have pledged $29.5 million towards climate insurance technologies.
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South Africa Launches First Military-Focused AI Hub in Africa
South Africa took a significant step towards integrating Artificial Intelligence (AI) into its national defense and security with the launch of the Defence Artificial Intelligence Research Unit (DAIRU).
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South African Fintech Giant Adumo Acquired by Lesaka in $85 Million Deal
South Africa’s leading independent payments processor, Adumo, has been acquired by fellow fintech company Lesaka in a deal valued at ZAR 1.59 billion (US$85.9 million), subject to approvals.
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Milken-Motsepe Prize Awards African Innovators in Off-Grid Energy Solutions $2 Million
A UK-Malawian venture, Aftrak, has emerged victorious in the Milken-Motsepe Prize in Green Energy, a competition aimed at boosting access to sustainable electricity in Africa.