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Historic Milestone: Nandi-Ndaitwah Becomes Namibia’s First Female President
Apple Pledges $1 Billion to Overcome iPhone 16 Ban in Indonesia
SIFEM Invests $15M in Africa’s Thriving Credit Market with Ninety One’s Opportunities Fund 3
SPE Capital Injects $35M into Morocco’s Dislog Group to Drive Consumer Goods Expansion
Holcim Exits Nigeria with $1 Billion Deal: Sells 84% Lafarge Africa Stake to Huaxin Cement
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STARTUPS
Apple Pledges $1 Billion to Overcome iPhone 16 Ban in Indonesia
SIFEM Invests $15M in Africa’s Thriving Credit Market with Ninety One’s Opportunities Fund 3
SPE Capital Injects $35M into Morocco’s Dislog Group to Drive Consumer Goods Expansion
M-KOPA Eyes $400M Revenue Milestone, Cementing Leadership in Africa’s Pay-As-You-Go Fintech Revolution
Breega Unveils $75M Fund to Support African Startups, Highlighting Vast Opportunities
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PUBLIC SECTOR
Holcim Exits Nigeria with $1 Billion Deal: Sells 84% Lafarge Africa Stake to Huaxin Cement
Dr. Ngozi Okonjo-Iweala Secures Historic Second Term as WTO Director-General
MTN Nigeria’s $120M 5G rollout sets a new benchmark for internet speeds in West and Central Africa!
Ninety One Raises $260 Million in Initial Close for Africa and Emerging Markets Credit Fund
PepsiCo Commits R746 Million to Expand Operations in South Africa
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Year:
2023
Aquarech, a startup in Kenya focused on fish farming, has successfully secured $1.7 million in funding.
FrontEdge, a Nigerian trade finance startup, has successfully raised $10 million in funding to expand its operations.
Aduna Capital has introduced a $20 million fund to support the growth of technology startups in Africa.
The African Development Bank has granted a $10 million investment for Dhamana Guarantee Company Limited in East Africa.
The World Bank anticipates providing Kenya with a support package totaling $12 billion in the coming three years.
Reportedly, companies in British Columbia have secured $888 million in venture capital funding in 2023.
The African Development Bank (AfDB) aims to provide $1 billion in financing to support the expansion of agro-industrial processing in Nigeria.
InDrive, the ride-hailing platform, has recently introduced a new venture and mergers and acquisitions (M&A), allocate investments of up to $100 million
Afreximbank Introduces $1 Billion Fund to Enhance Africa’s Film Sector.
The 2023 downturn in venture capital, quantified through statistical analysis, highlights a challenging and competitive environment in the industry.
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