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This African Neobank Just Raised $18.5 Million to Expand Financial Access for SMEs in Kenya, Uganda
4G Capital, a notable African neobank with headquarters in Mauritius, announced today that it has finalised a Series C funding round of $18.5 million.
- Region
- Sub-Saharan Africa
- Tags
- impact investing
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Investments Flood into Africa’s B2B E-Commerce Startups
A new crop of business-to-business e-commerce startups are trying to connect informal retailers to manufacturers and large wholesalers.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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AfricaGoGreen Fund Receives $31.5 Million to Promote Private Sector Efficiency Investments
Development finance institution (DFI) the African Development Bank (AfDB) and its Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20-million in the AfricaGoGreen Fund (AGGF) debt fund.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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Baobab+ Launches Pay-As-You-Go Solar in Nigeria
Baobab+, the leader in rural electrification in West Africa and Madagascar, has launched its Pay-As-You-Go solar power service in Nigeria.
- Region
- Sub-Saharan Africa
- Tags
- off-grid energy, solar
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Press Release: DFC and USADF Launch New Initiative to Help Accelerate Small Businesses in Africa
The ASBC seeks to support SMEs in four countries – Ivory Coast, Nigeria, Senegal and Uganda – focused in key sectors including agriculture and food security, education, healthcare, and water, sanitation, and hygiene (WASH).
- Categories
- Agriculture, WASH
- Region
- Sub-Saharan Africa
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Press Release: DFC Approves 11 Values-Based Investments Totaling Nearly $364 Million to Address Climate Change, Promote Gender Equity, and Improve Healthcare throughout the Developing World
The U.S. International Development Finance Corporation (DFC) Board of Directors has approved $245 million in investments this quarter that address the climate crisis through innovation and climate-smart urban infrastructure and elevate businesses with loans and professional business management practices throughout Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Stax Gets $2.2M for Its App That Lets Africans Make Transactions via Automated USSD Codes
Stax, a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes, has raised a $2.2 million seed extension round.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Actis Energy 5 secures $1.2 Billion Impact-Linked Financing
Actis has secured an impact-linked revolving subscription credit facility for its latest energy fund, Actis Energy 5.
- Region
- Sub-Saharan Africa
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