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Tag: Startup News
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Proparco and Equity Group Sign €1 Million Deal to Boost Climate-Smart Farming in Kenya
Proparco has signed a new partnership with Equity Group to support sustainable agriculture in Kenya.
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Finnfund Invests €2 Million More in Fibertime to Expand Internet Access in South African Townships
Finnfund has announced an additional €2 million investment in Fibertime Group to help the company expand fibre internet access in South Africa.
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Kenyan Startup Leta Raises $5 Million to Boost AI-Powered Logistics Platform in Africa
Nairobi-based logistics technology company Leta has secured $5 million in seed funding to enhance its artificial intelligence (AI)-powered platform.
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Mirova Funds KOKO to Expand Clean Cooking Solutions in Africa
Mirova, an affiliate of Natixis Investment Managers, has announced financial support for KOKO, a company offering clean cooking solutions in Africa.
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Alterra Capital Partners Secures $20 Million Investment from British International Investment
Alterra Capital Partners, a private equity firm focused on Africa, has received a $20 million investment from British International Investment (BII) to support its Alterra Accelerator Africa Fund (AAA Fund).
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Ethiopian Airlines and AfDB Sign $7.8 Billion Deal to Build Africa’s Largest Airport
Ethiopian Airlines has signed a landmark agreement with the African Development Bank (AfDB) to develop Africa’s largest airport—the Bishoftu International Airport in Ethiopia.
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Norfund’s Climate Fund Invests $32 Million in South Africa’s Renewable Energy Push
The Climate Investment Fund, managed by Norfund, has announced a major investment in South Africa’s renewable energy sector.
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NSIA, SEforALL, ISA, and Africa50 Launch $500 Million Renewable Energy Fund for Nigeria
The Nigeria Sovereign Investment Authority (NSIA), together with Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA), and Africa50, has launched a new initiative to boost access to clean energy in Nigeria.
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IFC Grants $30 Million Facility to Egyptian Retail Chain Kazyon for Expansion
The International Finance Corporation (IFC) has given a $30 million loan to Kazyon, a major Egyptian retail company, to support its growth in Morocco.