Tag: Tech News
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AfricaWorks Investment Partners Closes $25 Million Fund for West African Real Estate
AfricaWorks Investment Partners (AWIP), the real estate investment arm of flexible workspace operator AfricaWorks, has closed its second fund with $25 million in equity and debt to acquire and develop mixed-use properties in West Africa.
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ALCB Fund Invests $7 Million in Swami Agri’s $52.2 Million Green Bond in Senegal
The African Local Currency Bond Fund, managed by Cygnum Capital, has invested approximately $7 million in Senegalese agricultural producer Swami Agri’s debut green bond, valued at approximately $52.2 million.
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Kenyan-Founded Satlyt Raises $8 Million to Expand AI Software for Satellites
Kenyan-founded space technology startup Satlyt has raised $8 million in seed funding to expand software that enables satellites to process data and run artificial intelligence applications in orbit.
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Finance Earth and FSD Africa Launch Africa Nature Impact Fund With $100 Million Target
Finance Earth, FSD Africa and its investment arm, FSD Africa Investments (FSDAi), have launched the Africa Nature Impact Fund, targeting $100 million to finance early-stage conservation and nature-based carbon projects across Africa.
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Nigerian Fintech OPay Plans New York Listing as Standard Bank Commits Up to $200 Million
OPay, the fintech company focused primarily on Nigeria, has filed for an initial public offering on the New York Stock Exchange, alongside a proposed investment of up to $200 million from Standard Bank Group.
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Infinite Partners Closes $169.8 Million Fund for South African Mid-Market Businesses
South African private equity firm Infinite Partners has completed fundraising for its Core Equity Fund II, securing approximately $169.8 million to finance growth and ownership transactions in established mid-market businesses.
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Tanzania’s East Africa Foods Raises About $40 Million to Expand Food Logistics and Enter Kenya
East Africa Foods (EAF), a Dar es Salaam-based agritech and food distribution company, has raised approximately $40 million to expand its processing, storage, transport, and digital infrastructure.
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Lighthouse Capital is Raising $50 Million Fund for Mid-Market Businesses in South Africa and Kenya
Lighthouse Capital is raising a $50 million private equity fund to invest in growing mid-market companies in South Africa and Kenya, combining equity financing with hands-on support for business operations.
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BII Commits $65 Million to Sustainable Finance in Zambia and Agriculture Lending in Zimbabwe
British International Investment (BII), the UK’s development finance institution, has announced $65 million in commitments to expand financing for sustainable projects in Zambia and agricultural businesses in Zimbabwe.