Tag: Tech News
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Convergence Partners Eyes $20 Million Investment in Anzana to Expand Energy Infrastructure Across Africa
Convergence Partners Energy Finance (CPEF) has agreed indicative terms for a proposed $20 million structured capital investment in Anzana Electric Group, a move aimed at accelerating the expansion of hydropower and electricity distribution infrastructure across Africa.
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Spiro Secures $55 Million Investment From NewTrails Capital, Bringing Total Funding Round to $270 Million
African electric mobility company Spiro has secured a fresh $55 million investment from Chinese growth-stage investment firm NewTrails Capital, taking the value of its latest funding round to $270 million.
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Mercy Corps Ventures Invests in Logidoo to Expand Cross-Border Logistics Across Francophone Africa
Mercy Corps Ventures has invested in Logidoo, a technology-driven logistics platform focused on improving the movement of goods across French-speaking North and West Africa.
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IFC, AfDB and Partners Launch $176 Million Zafiri Platform, Appoint Inspired Evolution as Manager
A coalition of development finance institutions, philanthropic organizations, and private-sector investors has commercially launched Zafiri, a $176 million blended-finance platform designed to expand electricity access across sub-Saharan Africa through long-term investment in distributed renewable energy businesses.
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Norfund and FEI Provide $90 Million Debt Facility to Expand Telecom Energy Infrastructure in Africa
Norfund and the Facility for Energy Inclusion (FEI), a debt fund managed by Cygnum Capital, have completed a $90 million long-term financing package for CREI, the telecom energy services and asset management subsidiary of two33 Group.
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FMO to Back Solarcentury Africa with $80 Million for Southern Africa Solar Expansion
The Dutch Entrepreneurial Development Bank (FMO) is preparing to provide up to $80 million in financing to Solarcentury Africa Limited to expand solar energy projects across Zambia, Namibia, and Botswana, in a move expected to strengthen electricity supply and accelerate the region’s clean energy transition.
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Flutterwave Reaches $3.25 Billion Valuation After New Investment From Ripple
African payments company Flutterwave has secured fresh funding from Ripple, the U.S.-based blockchain payments firm, in a deal that values the fintech giant at $3.25 billion.
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EBRD Discloses Proposed €40 Million Investment in Amethis MENA Fund III Targeting North African SMEs
The European Bank for Reconstruction and Development (EBRD) is considering an investment of up to €40 million in Amethis MENA Fund III, a new private equity vehicle focused on supporting the growth of small and medium-sized businesses across North Africa and parts of the Middle East.
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Africa Finance Corporation Secures Record $2 Billion Loan to Accelerate Infrastructure and Industrial Growth Across Africa
Africa Finance Corporation (AFC) has secured its largest syndicated loan facility to date, raising $2 billion from a consortium of international lenders in a strong vote of confidence for the institution’s infrastructure-led development strategy across the continent.