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Arrest of Binance Executives Shakes up Nigeria’s Crypto Ecosystem, Again
The arrest, first reported by the Financial Times on Wednesday, follows a move last week that saw telecom providers shut off user access to the websites of Binance.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- cryptocurrency, fintech
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African Data Center Firm Teraco to Build Out Giant Power Plant
Teraco raised $104 million with Absa Bank for renewables.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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COMESA, World Bank Announce $50 Million Energy Access Initiative
The program will engage specialized local and international firms and private investors to provide technical services.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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AFC and d.light Achieve Off-Grid Solar Industry Milestone with Full Repayment of Senior Debt for $110 Million Securitization Facility
AFC’s groundbreaking USD$110 million securitization vehicle, BLK1, the first securitization instrument for Pay-As-You-Go solar home systems, has achieved a full exit for its senior lenders months ahead of schedule.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Analysis: Swedfund Invests $5 Million in Bridge Bank Microfinance to Enhance Financial Inclusion in Côte D’Ivoire
BBM has expressed its intention to narrow the market gap by tailoring its offerings specifically to women entrepreneurs and MSMEs led by women.
- Region
- Sub-Saharan Africa
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South Africa’s Hohm Energy Raises $8 Million to Drive Solar Revolution
Hohm Energy will accelerate the adoption of rooftop solar in South Africa by investing in its new cutting-edge climate fintech strategy.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Afdb Grants $7 Million Trade Finance Guarantee to Access Bank DRC to Support SMEs
The African Development Bank will now be able to provide up to a 100% guarantee to confirming banks for the non-payment risk from the confirmation of letters of credit.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- international trade, lending, MSMEs
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Varaha Raises $8.7 Million to Help Smallholders in Asia & Africa Transition to Climate-Friendly Farming Methods
India-based Varaha has raised $8.7 million in Series A funding for its full-stack climate tech that measures and quantifies carbon sequestration and emissions reduction for regenerative agriculture, afforestation and biochar projects.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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