Tag: Startup News
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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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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.
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DEG Backs Cygnum Capital’s Africa Go Green Fund with €30m to Scale Climate Solutions in Africa
DEG, Germany’s development finance institution, has agreed to provide a €30 million loan to the Africa Go Green Fund (AGG), a debt fund managed by Cygnum Capital, to support the expansion of climate-oriented businesses across the African continent.
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IFC Proposes $30 Million Equity Investment in Adenia’s Pan-African SME Fund
The International Finance Corporation (IFC) has announced plans to invest up to $30 million in equity in the Adenia Entrepreneurial Fund I, a private equity vehicle that focuses on supporting small and medium-sized enterprises (SMEs) and small-cap companies across Africa.
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Nigerian Drone Startup Terra Industries Secures $11.75m to Expand Homegrown Defence Technology Across Africa
Nigerian defence technology startup Terra Industries has successfully secured $11.75 million in new capital in a funding round spearheaded by 8VC, the venture capital firm co-founded by Palantir’s Joe Lonsdale.
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Acumen’s Hardest-to-Reach Initiative Hits $250 Million to Broaden Clean Energy in Africa
Impact investment firm Acumen has confirmed that its flagship Hardest-to-Reach Initiative (H2R) has successfully raised $250 million in blended finance to expand access to clean and affordable energy across underserved regions in sub-Saharan Africa.
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German DFI DEG Commits $50 Million to DPI’s Fourth Africa-Focused Private Equity Fund
German development finance institution DEG (Deutsche Investitions- und Entwicklungsgesellschaft) has confirmed it will commit $50 million to African Development Partners IV (ADP IV), the latest private equity vehicle managed by Development Partners International (DPI).