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Tag: Startup News
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South Africa Gets $300 Million Support From the African Development Bank for Energy Transition and Climate Resilience
The African Development Bank (AfDB) has approved a $300 million facility for South Africa to support its Energy Governance and Climate Resilience Programme.
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Goodwell Investments, Oikocredit, and GP SVF Inject $8.5M in Good Nature Agro to Empower 30,000 Farmers in Zambia
Zambian social enterprise Good Nature Agro (GNA) has secured $8.5 million in equity funding from Goodwell Investments, Oikocredit, and Global Partnerships/Eleos Social Venture Fund (GP SVF).
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South African Recruitment Startup JOBJACK Secures $2.5M Funding to Transform Entry-Level Employment Landscape
South African recruitment startup JOBJACK has announced securing S$2.5 million in pre-Series A funding to revolutionize the entry-level recruitment process in the country.
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Maisha Meds Receives $5 Million in Funding From USAID to Expand Access to Affordable Malaria Care in Africa
Maisha Meds, a leading digital health organization in Africa, has received US$5.25 million in scale-up stage 3 funding from the United States Agency for International Development (USAID) Development Innovation Ventures (DIV).
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BURN Manufacturing Issues Africa’s First Green Bond of $10 Million for Clean Cooking
BURN Manufacturing (BURN), a leading clean cookstove manufacturer, distributor, and carbon-offset project developer, has announced the issuance of Sub-Saharan Africa’s first-ever green bond designated for clean cooking financing of USD $10 Million.
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SA’s Inclusivity Solutions Secures $1.5 Million Series A Extension Round to Fuel Pan-African Expansion
South African insurtech startup Inclusivity Solutions has announced the closing of a $1.5 million Series A extension round led by impact investment firm Goodwell Investments.
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Norrsken22 Closes $205 Million Fund From More Than 30 Investors to Back Growth-Stage African Startups
Norrsken22, an Africa-focused venture capital firm, has closed its first African technology growth fund at $205 million, surpassing its target of $200 million.
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AFEX Raises $26.5 Million From British International Investment to Boost Africa’s Agricultural Sector
AFEX, a Nigeria-based commodities platform, has raised $26.5 million in funding from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor.
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SBI Holdings Commits $80M to Fuel African Startups Through New Partnership With Novastar Ventures
Japanese VC firm SBI Holdings and Africa’s Novastar Ventures have announced a strategic partnership, with SBI Holdings committing $40 million to anchor Novastar’s future funds.