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.
Kenya’s push for green transportation has received a significant boost with a $307 million investment from Norwegian investment fund Norfund.
South African freight platform Linebooker has secured $3.5 million (R67 million) in investment from ARC Investments, a leading African investment firm.
The investment was made by Alta Semper Capital LLP , a dedicated frontier-markets private equity firm investing in flexible and strategic capital in healthcare and consumer opportunities.
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