Tag: Startup News
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FSD Africa and ZEP-RE Anchor $12 Million First Close for 3IF Ventures Insurtech Fund
3IF Ventures, a venture capital fund focused exclusively on Africa’s insurance technology sector, has announced the first close of its Inclusive Insurance Investment Fund at $12 million.
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Proparco Backs Kenyan Healthtech Startup Tibu Health to Expand Affordable Care
French development finance institution Proparco has extended a new financing facility to Kenyan healthtech company Tibu Health, providing fresh capital to support the expansion of its primary healthcare network.
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South Africa’s Aions Ventures Launches $6.1 Million Seed Fund to Help Startups Scale
South African venture capital firm Aions Ventures has unveiled a new ZAR100 million (US$6.1 million) investment vehicle aimed at supporting early-stage technology startups as they move from initial market traction to larger growth-stage funding rounds.
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Nigerian Entrepreneurs Secure Over $5 Million in Funding at Cascador Pitch Day 2026
BluePeak Private Capital has committed $16 million to Groupe Centaures, one of Côte d’Ivoire’s leading indigenous logistics companies, in a deal designed to support both business expansion and environmental sustainability.
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BluePeak Provides $16 Million Financing to Côte d’Ivoire Logistics Firm Groupe Centaures
BluePeak Private Capital has committed $16 million to Groupe Centaures, one of Côte d’Ivoire’s leading indigenous logistics companies, in a deal designed to support both business expansion and environmental sustainability.
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Spiro Secures $215 Million to Expand Electric Mobility Network Across Africa
African electric mobility company Spiro has raised $215 million in fresh funding to accelerate the expansion of its electric vehicle ecosystem and battery-swapping infrastructure across the continent.
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AfDB Backs Zambia’s SME Trade Growth with $20 Million Guarantee for Access Bank
The African Development Bank (AfDB) has approved a $20 million trade finance guarantee for Access Bank Zambia, a move expected to strengthen small and medium-sized enterprises’ (SMEs) ability to participate in cross-border trade and access critical imports.
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Anzana Secures $20 Million BII Financing to Expand Small Hydropower Projects Across Africa
Anzana Electric Group has secured a $20 million debt facility from British International Investment (BII), the UK government’s development finance institution, to accelerate the rollout of small-scale hydropower projects across several African markets.
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Tanzania-Born Fintech Nala Raises $50 Million Credit Line to Expand Stablecoin Payment Network
Tanzanian-founded fintech company Nala has secured up to $50 million in credit financing from global private credit firm Liquidity, as the company moves to strengthen its cross-border payment infrastructure amid growing demand for faster international transactions.