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Nigerian Mobility-Tech Startup MAX Bags $31 Million in Series B Round, Set To Expand Across Africa, Build EV Infrastructure
Nigerian mobility tech startup Metro Africa Xpress Inc. (MAX) is planning to enter more markets across Africa as it races toward formalizing the continent’s transportation sector after securing $31 million in Series B funding.
- Categories
- Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
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All On and Katapult Invest $1.4 Million in NXT Grid’s Mini-Grids in Nigeria
Impact investors All On and Katapult Climate are investing $1.4 million in NXT Grid. In Nigeria, the company installs and operates small-scale solar power plants for productive use, powered by artificial intelligence.
- Region
- Sub-Saharan Africa
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Paylend, a Kenyan FinTech Company Raises $2 Million Seed Investment From Next Chymia Consulting HK Limited
Paylend, a Kenyan FinTech startup focused on providing access to finance and digitizing MSMEs in Kenya have today announced that it has raised a $2 million dollars seed investment from Next Chymia Consulting HK Limited.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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African Development Bank Pays $24 Million to Increase Investment in West African Development Bank
The AfDB also approved a line of credit to support businesses in the West African Economic and Monetary Union, particularly in job-creating sectors.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Family Bank Commits $53.1 Million to Finance Agribusiness
Family Bank has announced that it will release Ksh. 6 billion to be extended as affordable credit to agribusinesses across 17 counties through the USAID’s Pay for Performance initiative under the Kenya Investment Mechanism program.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Press Release: $75 Million Grant to Support Reforms and Mitigate Pandemic Impact in Sierra Leone
The World Bank Board today approved an International Development Association (IDA)* grant of $75 million to improve natural resources governance, enhance inclusiveness and promote sustainability of development financing.
- Categories
- Coronavirus, Health Care
- Region
- Sub-Saharan Africa
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Google’s Africa Investment Fund Makes First Investment in Uganda’s SafeBoda
Internet giant Google announced that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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African Development Bank Approves USD $170 Million for Investment in Nigeria’s Digital, Creative Start-Ups
The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of US$170 million to finance a digital and creative enterprises program in Nigeria.
- Categories
- Education
- Region
- Sub-Saharan Africa
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