Tag: Tech News
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East Africa-Born Lua secures $5.8 million to Scale Platform for Human–AI Collaboration
Lua, a startup building software that allows businesses to work alongside artificial intelligence agents, has raised $5.8 million in a new funding round led by Norrsken22.
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Acumen Backs Ugandan Agribusiness Omia to Expand Support for Smallholder Farmers
Acumen has announced a new investment in Omia Agribusiness Development Group, a Northern Uganda-based enterprise working with smallholder farmers, including those in refugee-hosting communities, to improve access to agricultural inputs, training, and markets.
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South Africa’s AI Diagnostics Raises $5.2M to Expand AI-Powered TB Screening Tools
Cape Town-based health technology company, AI Diagnostics, has secured ZAR85 million (about US$5.2 million) in new funding to expand the reach of its artificial intelligence-driven tools aimed at improving tuberculosis (TB) detection.
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PowerLabs Secures Pre-Seed Funding to Tackle Nigeria’s Persistent Energy Challenges
PowerLabs, a Nigerian energy and climate technology startup, has raised pre-seed funding in a round led by venture firm Breega, with additional backing from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures.
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South Africa’s Refiant AI Raises $5 Million to Tackle the Rising Energy Cost of Artificial Intelligence
South Africa-founded startup, Refiant AI, has secured $5 million in seed funding as it looks to reshape how artificial intelligence systems are built and deployed.
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Endeavor South Africa Secures $13.6 Million Fund Backed by FirstRand, Standard Bank and Allan Gray to Scale Tech Startups
Endeavor South Africa has secured R230 million (approximately $13.6 million) for its third Harvest Fund aimed at supporting fast-growing technology companies in the country.
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Egypt’s Lucky Raises $23 Million Series B to Scale Digital Credit and Expand Across North Africa
Egyptian fintech startup Lucky has secured $23 million in fresh funding as it accelerates its push to expand credit services and enter new markets across North Africa.
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Sawa Energy Secures $10 Million from Oikocredit and GCPF to Expand Solar Power Solutions in East Africa
Oikocredit has joined forces with the Global Climate Partnership Fund (GCPF) to extend a $10 million debt facility to Sawa Energy, a fast-growing provider of solar and battery systems for businesses in East Africa.
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AfDB Commits $15 Million to SPE Capital Fund to Back Growth-Stage Businesses in Africa
The African Development Bank (AfDB) has committed $15 million to a private equity fund managed by SPE Capital, in a move aimed at expanding financing for growing businesses across the continent.