Funding
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What Africell’s $99.6 Million EXIM Loan Reveals About America’s Telecoms Strategy in Africa
The US Export-Import Bank has approved a $99.6 million direct loan to Africell, the only American owned mobile network operator active in Africa, to fund…
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How Proparco’s Investment in Capitalworks IV Supports South Africa’s Mid-Market Growth
Proparco has committed $15 million to Capitalworks Private Equity Fund IV, the fourth flagship vehicle from South African investment firm Capitalworks. This adds to another…
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ChipMango Raises $1.9 Million for African Semiconductor Talent
ChipMango, a California headquartered semiconductor technology company with major engineering operations in Lagos, Nigeria, has closed a $1.9 million seed round to expand its commercial…
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WIOCC Group Secures $300 Million Investment from AFC and Vision Invest to Expand Africa’s Digital Infrastructure
WIOCC Group has signed a Shareholder Subscription Agreement with Africa Finance Corporation and Saudi Arabia’s Vision International Investment Company, through which the two investors will…
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CardinalStone Secures $76 Million in First Close for Second West African Growth Fund
CardinalStone Capital Advisers has reached a $76 million first close for its second SME focused private equity vehicle, CardinalStone Capital Advisers Growth Fund II, bringing…
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Why Convergence Partners Is Doubling Down on Yellow’s Asset-Backed Credit Model Across Africa
Convergence Partners has led a new Series C funding round in Yellow, an African fintech that finances smartphones and off-grid solar systems for low income…
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How Jumia’s $50 Million Raise and Strong Q2 Results Point Toward 2027 Profitability
Jumia Technologies reported second quarter 2026 results on August 12 that showed revenue climbing 14 percent year on year to 52 million dollars, alongside a…
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Will Social Trade Finance Unlock Africa’s Next Wave of Telecoms Infrastructure Investment?
Will Social Trade Finance Unlock Africa’s Next Wave of Telecoms Infrastructure Investment?
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TLG Capital Announces $120 Million Second Close for Africa SME Impact Fund
TLG Capital has announced the successful second close of its TLG Africa Growth Impact Fund II (AGIF II), bringing total commitments to $120 million. The…
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How IFC’s $80 Million Loan Will Transform Sheraton Addis and Create Jobs in Ethiopia
The International Finance Corporation (IFC), a member of the World Bank Group, has announced an $80 million long-term loan to MIDROC Ethiopia PLC (MEP), the…
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