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Tag: Startup News
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Africa Finance Corporation Raises $1.16 Billion, Its Largest Ever Syndicated Loan, to Close Africa’s Infrastructure Gap
Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider in Africa, has announced the successful close of its largest ever debt facility, a $1.16 billion syndicated loan, attracting new lenders from the Middle East, Europe and Asia.
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AfDB Approves $20 Million Grant to Boost Food Security and Water Access in Senegal
The African Development Bank (AfDB) has pledged $20 million to bolster food security and water access for vulnerable communities in Senegal.
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Janngo Capital Raises $4.3 Million From ANAVA to Back Francophone African Startups and Women-Led Businesses
The Janngo Capital Startup Fund (JCSF), a venture capital fund focused on Africa, has secured €4 million (US$4.3 million) in equity investments from ANAVA, Tunisia’s first euro-denominated fund of funds.
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Climate-Focused VC Firm Satgana Secures €8 Million for Early-Stage Startups in Africa and Europe
Satgana, a venture capital (VC) firm specializing in climate solutions, announced the final close of its first fund.
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IFC Invests $10.5 Million in 4DX Ventures to Boost African Tech Startups
The International Finance Corporation (IFC) has announced a $10.5 million investment in 4DX Ventures, a venture capital firm supporting early-stage tech companies in Africa.
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Egyptian Edtech Startup Sprints Secures $3 Million to Fuel Global Expansion
Sprints, a leading Egyptian provider of AI-powered education technology (edtech), has secured $3 million in a bridge funding round.
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Kenyan Electric Bus Startup BasiGo Secures $3 Million Funding for East Africa Expansion
BasiGo, a Kenyan electric mobility company, has secured KSh396 million ($3 million) in equity funding from CFAO Group.
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Egyptian Digital Marketplace Pharmacy Marts Secures Funding for Growth and Expansion
Pharmacy Marts, a leading digital marketplace for pharmacies in Egypt, has secured a six-figure bridge round of funding from Acasia Ventures, an early-stage venture capital firm.
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Tunisian AI Startup ClusterLab Secures Pre-Seed Funding Led by Instadeep CEO
ClusterLab, a Tunisian-born artificial intelligence (AI) startup headquartered in the United Arab Emirates (UAE), has secured $600,000 in a pre-seed funding round.