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OPEC Fund Invests $30 Million in Egypt’s Largest Onshore Wind Farm
World Bank Forecasts Nigeria’s GDP to Climb: 3.5% Growth in 2025, 3.7% by 2026
FARO Raises $6M to Transform Affordable Fashion and Tackle Textile Waste in Africa
United States and Nigeria Agree to Transfer $52.88M in Forfeited Corruption Proceeds for Nigerian Development Projects
Historic Milestone: Nandi-Ndaitwah Becomes Namibia’s First Female President
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STARTUPS
MoneyHash Raises $5.2M to Transform Fintech in MENA Region
South Africa’s Naked Raises $38M to Revolutionize Insurance with AI and Automation
SeamlessHR Secures $9M Series-A Extension to Power Bold African Growth
Ilara Health Secures $1 Million DFC Loan to Transform Kenya’s Healthcare Sector
South African Conservio Raises $1M to Redefine Nature-Based Travel Experiences
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PUBLIC SECTOR
Nigeria’s Public Debt Hits N142.3 Trillion in Q3 2024, Soaring by N8.02 Trillion
OPEC Fund Invests $30 Million in Egypt’s Largest Onshore Wind Farm
DOB Equity Invests in Spouts International, a Ugandan Water Filter Company
United States and Nigeria Agree to Transfer $52.88M in Forfeited Corruption Proceeds for Nigerian Development Projects
Amazon Web Services Adopts Naira for Seamless Nigerian Transactions
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OTHER NEWS
The EU raises its humanitarian assistance for Gaza by an additional €25 million.
Emerging Africa Infrastructure Fund Allocates XOF $48m to Launch Asset-Backed Security in West Africa
Egypt’s MNT-Halan has secured a securitization of $130 million, bringing its total funding for 2023 to more than $400 million.
Interswitch has incurred losses of $38m due to chargeback fraud
Black business owners have been given $25,000 grants to help expand their enterprises.
The co-founders of Skype and Flutterwave support a $205 million tech fund for Africa.
The e-commerce earnings in Africa are projected to reach $59.18 billion by 2027, with an annual growth rate of 10.4%.
list of African nations that are set to benefit from the IMF’s $1 billion financial assistance program
In July 2023, African startups secured funding totaling $123.4 million.
The African Development Fund has given its approval for a grant of $102.59 million to support Ghana’s Fiscal Consolidation and Economic Recovery Program.
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