Tag: Investment News
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EIB Global Commits $80 Million to RMBV Fund Targeting Egypt’s Private Sector
The development-focused arm of the European Investment Bank (EIB Global) has agreed to contribute $80 million to the RMBV North Africa Fund III, reinforcing efforts to strengthen the private sector in Egypt and the broader North African region.
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DEG Commits $20 Million to REGMIFA to Expand MSME Lending Across Sub-Saharan Africa
German development finance institution DEG has reported a $20 million commitment to the Regional MSME Investment Fund for sub-Saharan Africa (REGMIFA), adding fresh capital to a vehicle that finances smaller businesses indirectly by lending to local financial institutions.
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Nigeria Launches $2 Billion Climate Fund to Accelerate Energy Transition and Unlock Green Investment
Nigeria has placed green finance at the centre of its strategy to accelerate its energy transition, with President Bola Ahmed Tinubu unveiling plans for a $2 billion climate fund at the Abu Dhabi Sustainability Week summit.
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Rwanda Launches $15 Million Global Crop Biotechnology Initiative to Boost Food Security
A new five-year international initiative backed by the Bill & Melinda Gates Foundation has been launched to advance crop biotechnology and bolster food security in Rwanda.
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PIDG Backs Sanivation’s Naivasha Expansion With $3.3 Million to Scale Waste-to-Energy Solutions in Kenya
The Private Infrastructure Development Group (PIDG) has committed $3.3 million in equity financing to scale Sanivation’s waste-to-value operations in Kenya, specifically backing the expansion of its facility in Naivasha.
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European Investment Bank to Channel Over €2 Billion Into Renewable Energy Projects Across Africa
The European Investment Bank (EIB) has unveiled a major financing initiative that will direct over €2 billion (about $2.3 billion) into renewable energy development across Africa within the next two years, reinforcing its role as a key financier of sustainable infrastructure on the continent.
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Sahel Capital Secures $29 Million First Close for West Africa Agribusiness Fund II
Sahel Capital has secured $29 million in initial commitments for its newest agribusiness investment vehicle, the Sahel Capital Agribusiness Fund II (SCAF II), marking the first fundraising milestone for the firm’s latest growth equity effort.
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Nigeria’s MAX Raises $24 Million to Scale Electric Mobility Financing
Metro Africa Xpress (MAX), a Lagos-based mobility financing firm, has secured $24 million in a combined equity and debt investment, reinforcing its shift to electric vehicle (EV) financing across West and Central Africa while building on recent profitability in its home market.
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Impact Fund Denmark Commits $15m to Verdant Capital Hybrid Fund to Expand Small Business Financing Across Africa
Impact Fund Denmark has declared a new $15 million investment in the Verdant Capital Hybrid Fund (VCHF) to expand financing for small businesses and entrepreneurs across Africa.