Tag: Startup News
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Digital Africa Unveils €30 Million Seed Fund to Support Africa’s Emerging Tech Startups
Digital Africa has unveiled a new investment vehicle aimed at helping African startups navigate one of the toughest stages in their growth journey.
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Kaleidofin, Apollo Agriculture and IDH Farmfit Fund Close Kenya’s First Private-Sector Agriculture Securitization Deal
Kenya has recorded a major milestone in agricultural finance after fintech company Kaleidofin completed the country’s first private-sector local currency securitization focused on smallholder farmers, unlocking fresh capital for rural lending.
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Namibia’s Bellatrix Unveils $10 Million Seed Fund for Early-Stage Startups
Namibia-based alternative investment firm Bellatrix Investment Managers has launched a new $10 million venture capital fund aimed at backing early-stage startups across Southern Africa.
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BFREE Raises New Funding to Scale Purchases of Non-Performing Loans in Africa
Pan-African debt recovery and distressed credit investor BFREE has secured a new growth investment round aimed at expanding its ability to purchase bad loan portfolios from banks and digital lenders across Africa.
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Village Capital Makes First Africa Ecosystem Fund Investments in Ghana
Village Capital has made its first investments through the Africa Ecosystem Catalysts Facility (AECF), deploying $350,000 into two startups in Ghana as the nonprofit deepens its push to support early-stage African businesses tackling essential everyday challenges.
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Sabou Capital Secures Backing From Mastercard Foundation Fund to Finance African SMEs
Sabou Capital, a Nigerian impact investment firm focused on technology-driven small and medium-sized businesses, has received an undisclosed anchor investment from the Mastercard Foundation Africa Growth Fund.
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IFC Plans $120 Million Investment in Zafiri Renewable Energy Platform Targeting 30 Million Africans
The International Finance Corporation (IFC) is planning to invest up to $120 million in a new renewable energy-focused investment platform, Zafiri Investment Vehicle, which will be headquartered in Mauritius and aimed at expanding energy access across Sub-Saharan Africa.
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Inspired Evolution Backs CrossBoundary Energy with $40 Million to Scale Clean Power for African Businesses
Inspired Evolution has committed $40 million to CrossBoundary Energy in a move aimed at accelerating the rollout of clean power solutions for businesses across sub-Saharan Africa, as demand grows for reliable alternatives to unstable grid electricity.
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South Africa’s Shiprazor Secures $2.65 Million to Tackle Africa’s E-Commerce Delivery Challenges
Cape Town-based logistics startup Shiprazor has secured $2.65 million in seed funding as it looks to address one of the biggest bottlenecks facing Africa’s fast-growing e-commerce sector: the high cost and complexity of deliveries.