Tag: Investment News
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Proparco Commits $17.25 Million to Alterra’s Pan-African Growth Fund
Proparco, the private sector arm of the French Development Agency, has invested $17.25 million in the Alterra Africa Accelerator Fund (AAA Fund).
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Terra Industries to Establish Africa’s Largest Drone Factory in Ghana
Nigerian defence technology company Terra Industries has unveiled plans to build what will be Africa’s largest drone manufacturing facility, marking a major expansion of its operations beyond Nigeria.
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East Africa-Born Lua secures $5.8 million to Scale Platform for Human–AI Collaboration
Lua, a startup building software that allows businesses to work alongside artificial intelligence agents, has raised $5.8 million in a new funding round led by Norrsken22.
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AfDB Approves $2.8 Million Grant to Boost Private Sector Competitiveness in West Africa’s WAEMU Bloc
The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has approved a grant of 1.7 billion CFA francs (about $2.8 million) to support private sector growth in West Africa’s monetary union.
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Acumen Backs Ugandan Agribusiness Omia to Expand Support for Smallholder Farmers
Acumen has announced a new investment in Omia Agribusiness Development Group, a Northern Uganda-based enterprise working with smallholder farmers, including those in refugee-hosting communities, to improve access to agricultural inputs, training, and markets.
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South Africa’s AI Diagnostics Raises $5.2M to Expand AI-Powered TB Screening Tools
Cape Town-based health technology company, AI Diagnostics, has secured ZAR85 million (about US$5.2 million) in new funding to expand the reach of its artificial intelligence-driven tools aimed at improving tuberculosis (TB) detection.
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Zazu and Visa Partner to Roll Out Morocco’s First Fully Online Business Account for SMEs
Pan-African fintech startup Zazu has entered a new phase of its expansion with the launch of a fully digital business banking solution in Morocco, developed in partnership with global payments company Visa.
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African Startups Raise $705 Million in Q1 2026 as Investment Expands Beyond Traditional Hubs
African startups attracted an estimated $705 million in funding during the first quarter of 2026, spread across 59 disclosed deals in 14 countries.
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PowerLabs Secures Pre-Seed Funding to Tackle Nigeria’s Persistent Energy Challenges
PowerLabs, a Nigerian energy and climate technology startup, has raised pre-seed funding in a round led by venture firm Breega, with additional backing from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures.