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Finnfund Extends $4 Million Debt Support to Poa Internet to Bridge Kenya’s Digital Divide
Finnfund, a Finnish development finance institution, has committed a $4 million debt investment to Kenyan internet provider Poa Internet to accelerate the rollout of affordable, high-speed broadband across underserved and low-income communities in Kenya.
Japanese VC Firms Uncovered Fund and Monex Launch $20 Million Fund to Invest in African and MENA Startups
Uncovered Fund, a Tokyo-based venture capital firm, has teamed up with Japanese financial services group Monex Ventures to roll out the Uncovered Monex Africa Investment Partnership (UMAIP)—a $20 million fund designed to fuel early-stage innovation across Africa and the Middle East.
Ghana’s Complete Farmer Secures $5M Funding From Symbiotics to Strengthen Smallholder Farming
Swiss impact investor Symbiotics has provided a USD 5 million debt facility to Complete Farmer, the Ghanaian agritech startup focused on strengthening agricultural value chains in West Africa.
Japanese Bank SMBC Invests in Novastar’s Africa People & Planet Fund III
Sumitomo Mitsui Banking Corporation (SMBC), under its parent Sumitomo Mitsui Financial Group (SMFG), has agreed to invest in the Novastar Ventures Africa People and Planet Fund III, L.P., managed by Novastar Ventures Ltd.