Tag: Investment News
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TowerCo Tanzania Secures $30 Million to Expand Rural Connectivity
TowerCo of Africa Tanzania (TOA Tanzania), a telecommunications infrastructure provider, has signed a $30 million financing agreement with British International Investment (BII) to bolster its network across the country.
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Egyptian VC Firm Glint Closes First Round of New $3 Million Fund for Early-Stage Startups
Glint, a prominent Egyptian venture capital firm, has secured an initial $3 million for its second fund, targeting early-stage startups.
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South Africa Secures $234M For the World’s First Solar-Powered EV Charging Network
South Africa’s Free State province is taking a major leap towards electric mobility with a $234 million investment in the world’s first network of solar-powered electric vehicle charging stations.
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GOGO Electric Secures $1.6 Million Investment to Electrify East African Transport
The Electrification Financing Initiative (ElectriFI), funded by the European Union, has made its first investment in the African ecological mobility sector, committing $1.6 million to Ugandan startup Gogo Electric (formerly Bodawerk).
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16 Startups Selected to Join Visa’s Diverse Second Cohort for Africa Fintech Accelerator Program
Visa has unveiled the African startups selected to join the second round of its continent-wide Fintech Accelerator program.
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Congo to Build Central Africa’s First Fibre Data Center for $72.8 Million
The Republic of Congo has embarked on a major project to construct a national data center in the Bacongo district of Brazzaville.
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Secha Capital Launches Training Initiative to Cultivate Business Leaders in Africa
African impact investor Secha Capital has announced the launch of the Junior Operator-Investor Network (JOIN) program.
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EV Company Spiro Revs Up Africa Expansion with $50 Million Afreximbank Loan
African electric vehicle (EV) leader Spiro announced a significant boost to its expansion plans with a $50 million debt financing agreement signed with Afreximbank, the pan-African multilateral financial institution.
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New VC Firm OpenseedVC Announces First Close of $10 Million Fund to Back Early-Stage African Operators
OpenseedVC, a recently launched venture capital firm, has secured an initial closing for its $10 million early-stage fund.