Tag: Tech News
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Codar Raises $1.5 Million to Expand AI and Digital Skills Training Across Africa
Codar, an African edtech company backed by KWE4 Africa Venture Studio, has secured USD 1.5 million in a funding round that will accelerate the expansion of its AI and digital skills training programs across the continent.
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Knife Capital and FAM Investments Co-Lead US$5 Million Investment in AI Startup Cue
AI-powered customer service software company Cue has secured a US$5 million primary funding round co-led by South African venture capital firm Knife Capital and FAM Investments.
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Maia Capital Invests $9 Million in Nesa Power to Expand South Africa’s Commercial Solar Market
Maia Capital Partners has committed R150 million (US$9.12 million) in mezzanine debt financing to South African renewable energy company Nesa Power, providing growth capital to expand its commercial and industrial (C&I) solar business and increase its portfolio of long-term power purchase agreements (PPAs).
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Catalyst Fund Reaches $30 Million Second Close to Scale Climate Tech Startups Across Africa
Catalyst Fund has completed the second close of its debut pan-African climate venture capital fund, bringing total commitments to $30 million as it expands backing for early-stage startups developing climate resilience solutions across Africa.
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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.