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South Africa’s Payments Startup Stitch Raises $55 Million Series B Funding
The funding will help Stitch invest in infrastructure that enable the flow of money including payment processing networks, etc.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Nigerian Fintech Bets on UK Diaspora With Remittance Push
The MonieWorld service enables money transfers from the UK to Nigeria, the latest in a growing number of remittance products from Africa targeting the $100 billion that flows annually from immigrants in the diaspora to the continent.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigeria’s Arnergy Raises $18 Million to Scale Solar Lease Plans as Fuel and Grid Costs Soar
The capital injection will be deployed to support Arnergy’s ambitions to install more than 12,000 additional solar energy systems by 2029.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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IFC Invests ZAR 1 Billion in Balwin Properties to Support Quality Housing in South Africa
IFC’s investment is expected to promote job creation and economic growth through its impact on the local community and surrounding areas.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- employment, housing, supply chains
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Global Off-Grid Solar Investment Falls 30% Year-On-Year to US $300 Million
This project is a US$750 million investment from the World Bank to improve Nigeria’s energy gap, with US$300 million earmarked for off-grid solar in particular.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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$40 Billion Africa Energy Fund to Boost Clean Cooking Access and Energy Transition
The fund focuses not only on expanding electrification but also on addressing the urgent need for clean cooking solutions.
- Region
- Sub-Saharan Africa
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African Development Bank, AU Partner to Launch $300 Million Innovation Fund for Africa’s Tech Future
"The announcement of the innovation fund comes at a time when African countries are seeking sustainable ways to recover from the economic setbacks caused by the COVID-19 pandemic and ongoing global financial uncertainties."
- Categories
- Education, Investing, Technology
- Region
- Sub-Saharan Africa
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Verdant Capital Expands Investment in LOLC Africa to $13.5 Million, Boosting MSME Financing Across the Continent
"Recognised as one of the world’s leading microfinance groups, LOLC targets customers at the “bottom of the pyramid” by improving access to financial services and increasing customer deposits across underserved communities."
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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