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The Fund for Export Development in Africa (FEDA) Announces Its First Close of US $670 Million Across Four Fund Strategies
FEDA, the impact investment arm of the Afreximbank has been set up to support intra-African trade growth, value-add export development and industrialization.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Islamic Bank, Africa Development Bank, Others Invest $618 Million in Nigeria’s I-DICE
“Today, Nigeria has five of the seven unicorns in Africa and raised almost $1.4 billion of the total of $4 billion raised by fintech companies across Africa in 2021.”
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Kenyan Insurtech Firm Turaco Secures $10 Million Series A Round Fundraise
Turaco, the leading insurtech driving mass market insurance adoption, has announced the close of a $10 million Series A equity round led by AfricInvest.
- Categories
- Finance, Health Care, Technology
- Region
- Sub-Saharan Africa
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Press Release: AIDS Healthcare Foundation Pledges $10 Million to the Global Fund to Fight AIDS, Tuberculosis and Malaria
This announcement comes ahead of the Seventh Replenishment of the Global Fund to Fight AIDS, Tuberculosis, and Malaria in New York City on Sept. 21.
- Categories
- Finance, Health Care
- Region
- Global
- Tags
- public health
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Southeast Asia’s Fintech Fazz Finalizes $100 Million Series C Round Led by Tiger Global
Southeast Asia’s Fintech platform Fazz, a business account for companies of all sizes, recently secured $100 million via Series C funding.
- Categories
- Finance, Technology
- Region
- South Asia
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From One Crisis to Another: Using Data from COVID to Meet the Looming Challenge of Food Insecurity
Due to a tragic combination of events, countries around the world are facing a widespread and serious food shortage, with the number of severely hungry people projected to swell to 323 million over the course of 2022. Scott Graham, Andree Simon and Anahit Tevosyan at FINCA share data – initially gathered to inform FINCA's COVID-19 response – that shows the impact of this crisis on low-income customers. They explore how financial inclusion organizations can adapt their support to help customers stave off the worst effects of the escalating food crisis.
- Categories
- Agriculture, Coronavirus, Environment, Finance
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AVPA, UNDP Partner to Grow Sustainable Finance in Africa
The African Venture Philanthropy Alliance and the United Nations Development Programme have partnered to promote sustainable finance in Africa.
- Categories
- Finance
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Globacom’s Payment Service Bank Primed to Boost MSME Ecosystem in Nigeria
Central Bank of Nigeria has proposed Payment Service Banks aimed at deepening financial inclusion in Nigeria.
- Categories
- Finance, Technology
- Tags
- financial inclusion, MSMEs
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