Tag: Startup News
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Sahel Capital Backs Uganda’s Sukuma Commodities to Accelerate Coffee Export Growth
Ugandan coffee exporter Sukuma Commodities has secured an expanded financial commitment of $1.8 million from Sahel Capital’s Social Enterprise Fund for Agriculture in Africa (SEFAA).
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LoftyInc Capital Co-Leads $4 Million Seed Round in Moroccan Fintech WafR Through New Alpha Fund
Moroccan fintech startup WafR has successfully raised $4 million in a seed funding round that drew strong interest from investors, marking one of the first deals from LoftyInc Capital’s new Alpha Fund.
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Spiro Secures $50 Million Debt Financing to Expand Electric Mobility Network Across Africa
Spiro, a leading African electric mobility company, has secured $50 million in debt financing in a new funding round that will accelerate the expansion of its battery-swapping infrastructure and related clean mobility technologies across the continent.
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Swedfund Invests €15 Million in Hummingbirds Gondwana to Scale Nature Projects in Africa
Swedfund has committed €15 million to a new climate-focused financing platform called Hummingbirds Gondwana, aimed at backing nature-based solutions around the world.
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Proparco Commits $42 Million to DPI’s Fourth Africa-Focused Private Equity Fund
Proparco, the French development finance institution, has pledged $42 million toward the initial closing of African Development Partners IV (ADP IV), the newest investment fund managed by London-based private equity firm Development Partners International (DPI).
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DPI Closes $190 Million Investment in Egypt’s Alameda Healthcare, Marking Country’s Largest Private Healthcare Deal
Development Partners International (DPI), the London-based private equity firm focused on African markets, has closed a $190 million funding deal with Alameda Healthcare, a leading private hospital group based in Egypt.
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Egypt’s Flextock Raises $12.6 Million Series A to Scale E-Commerce Infrastructure
Egypt-based e-commerce enablement startup Flextock has secured $12.6 million in a Series A funding round as it looks to deepen its footprint in the Middle East and North Africa’s fast-growing online retail market.
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Egypt’s Breadfast Secures $50 Million Pre-Series C Funding to Drive Expansion Across Africa
Egypt’s Breadfast, a Cairo-based e-commerce and quick-commerce platform, has raised $50 million in a pre-Series C funding round from a group of prominent regional and international investors as it gears up for broader expansion and a larger financing round expected in the first half of 2026.
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IFC Proposes $5 Million Investment in Kenya’s Arc Ride to Support East Africa Expansion Plans
Kenyan clean-transport startup Arc Ride has secured a $5 million equity commitment from the International Finance Corporation (IFC), the private investment arm of the World Bank Group, to support its plans to expand across East Africa.