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CFAO Group Invests $3 Million in BasiGo to Boost East Africa’s Electric Bus Production
CFAO Group is building e-mobility ecosystem in East Africa by investing in green mobility startups through Mobility54.
- Categories
- Energy, Environment, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, scale, startups, venture capital
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African VC Firm P1 Ventures Completes 2nd $35 Million Close of Fund II
Founded in 2020, P1 Ventures is a high-conviction investor on a mission to back Africa’s best entrepreneurs.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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How Spotify Helped Turn Afrobeats into a Global Phenomenon
The Swedish music giant is pushing to make Africa’s biggest sound the world’s favorite sound.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Injaro Raises $17.5 Million Fund to Support SMEs in Ghana and Ivory Coast
The company plans to utilize the fund to invest in leading small and medium-scale businesses (SMEs) in Ghana and Cote d’Ivoire.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- MSMEs, venture capital
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Africa’s Ed-Tech Sector Has Unlimited Potential, but Lack of Funding Holds It Back
Sub-Saharan Africa has the highest rates of education exclusion of the six developing world regions, according to the World Bank.
- Categories
- Education, Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- edtech, scale, venture capital, youth
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Uganda-Based Electric Cooking Startup PowerUP Announces Successful Initial Close of its Seed Round
PowerUP is at the forefront of transforming cooking habits in Africa, introducing households to a new era of clean and efficient electric cooking.
- Categories
- Energy, Health Care, Technology
- Region
- Sub-Saharan Africa
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Should I Stay or Should I Go?: Why Latin American Entrepreneurs Should Stay in the Region — And How Corporate Venturing Can Power Their Growth
Many young entrepreneurs in Latin America are leaving the region to pursue their entrepreneurial journey abroad. International legal advisor Eugenia Di Marco explores the reasons behind this decision, and discusses a promising source of support that could convince them to stay: corporate venturing — i.e., investments and initiatives aimed at supporting external innovation and building a vibrant business ecosystem where startups can thrive.
- Categories
- Investing, Technology
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African Tech Startup Investment Falls 28% to $2.4 Billion in 2023 as Global “Funding Winter” Begins to Bite
This is the first time the sector, which has expanded so exponentially in the last few years, has declined since 2016.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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