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Tanzanian fintech startup NALA has secured $40 million in a Series A funding round, one of the largest of its kind in Africa according to TechCrunch.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
Oyster Agribusiness, a pioneering agricultural technology startup based in Ghana, has raised $310,000 in funding in its latest investment round.
Ecobank, a pan-African financial services group, has named Daba Finance, an Ivorian fintech company, as the Grand Winner of the 2024 Ecobank Fintech Challenge.
SPE Capital Partners, through its AIF I Fund, has invested MAD 350 million (approximately $35 million) in Moroccan consumer goods company Dislog Group.