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Tag: Tech News
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Twenty African Tech Ventures Set to Pitch at Angel Fair Africa in Nairobi
Twenty African tech ventures—comprising 10 startups and 10 scale-ups—are set to pitch their innovations to potential investors at the upcoming Angel Fair Africa event in Nairobi, Kenya, on November 7-8.
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Nigerian Fintech Moniepoint Becomes Africa’s 8th Unicorn After Securing $110 Million Series C Funding
British private equity firm Development Partners International (DPI) has led a $110 million investment in Nigerian fintech Moniepoint, elevating the company to unicorn status.
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SA Investment Firm Edge Growth Secures $2.1 Million to Boost South African SMEs
South African investment firm Edge Growth has successfully raised $2.1 million through the ASISA Enterprise and Supplier Development (ESD) Fund to further empower growth-stage small and medium enterprises (SMEs).
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BURN Secures $15 Million EIB Investment to Expand Clean Cooking Solutions in East Africa
Kenyan clean cooking appliance manufacturer BURN has announced a $15 million investment deal with the European Investment Bank (EIB) to support the distribution of its ECOA Electric Induction Cooker across East Africa.
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South African Logistics Startup Pargo Secures $4 Million to Expand E-Commerce Logistics Network into Egypt
South African e-commerce logistics firm Pargo has secured $4 million in funding to fuel its expansion into Egypt, where it has introduced over 500 “Pargo Points” to enhance delivery options.
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BasiGo Raises $42 Million in Funding to Drive Public Transport Electrification in Sub-Saharan Africa
BasiGo, a prominent provider of electric bus solutions in sub-Saharan Africa, has successfully secured $42 million in new capital.
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AfDB Approves $100 Million Loan to Boost Youth and Women-Led Enterprises in Nigeria Through YEIB Initiative
The African Development Bank (AfDB) has approved a $100 million loan to support youth and women-led micro, small, and medium enterprises (MSMEs) in Nigeria through the Youth Entrepreneurship Investment Bank (YEIB) initiative.
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Ghanaian AI Startup Aya Data Secures Seed Funding to Expand AI Solutions
Aya Data, a Ghanaian artificial intelligence (AI) startup, has successfully raised $900,000 in a seed funding round led by 54 Collective, with additional contributions from several angel investors.
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Grid Africa Secures $2.8 Million Investment to Boost Renewable Energy Projects in South Africa
Grid Africa has secured a significant equity investment of $2.8 million from Rifuwo Energy Partners to accelerate its renewable energy projects across South Africa.