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    LeapFrog Commits $500 Million to Drive Climate Innovation in Africa

    LeapFrog Investments, a distinguished firm known for merging profit with social purpose, has successfully secured a $500 million investment to advance its bold climate investment initiative in Africa and emerging Asia. This significant funding is provided by Temasek and has received backing from the European Investment Bank, with final approval pending from its decision-making bodies. […] More

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    Waspito Secures $2.5 Million Seed Extension to Expand Reach and Serve Offline Patient

    The Cameroonian health tech startup Waspito recently raised an additional $2.5 million seed funding. This round was led by DP World through Newtown Partners, alongside contributions from Saviu Ventures, AAIC Investment, Axian Ventures, and CFAO’s Health54. This funding is aimed at accelerating Waspito’s expansion in Francophone countries. Waspito operates as a health-centric social network, offering […] More

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    Smart Geyser Devices: A High-Tech Solution for South Africa’s Energy Crisis”

    SA innovation offers high-tech solution to energy crisis: smart geyser devices integrated into household solar systems could significantly decrease residential load on Eskom, with potential to reduce household electricity bills by 80% Based on the data provided by a successful 12-month case study, Sensor Networks smart geyser devices integrated into household solar systems can store […] More

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    The Rise of Deglobalisation in Payments

    In the evolving landscape of global payments, a notable trend towards deglobalisation has taken center stage. This phenomenon, gaining momentum alongside the BRICS countries’ departure from SWIFT, is the transformative rise of Universal Payment Systems (UPS). This paradigm shift is fundamentally reshaping the fintech landscape. While geopolitical discussions have dominated the narrative, the subtle yet […] More

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    UM6P Ventures Backs Moroccan B2B E-Commerce Startup Chari with Funding Boost

    Morocco-based B2B e-commerce startup Chari, which offers embedded financing solutions for the FMCG sector, has secured funding from UM6P Ventures, the investment arm of Mohammed VI Polytechnic University. UM6P Ventures, the investment fund of Université Mohammed VI Polytechnique (UM6P), is dedicated to fostering scientific innovation and entrepreneurship in Morocco and across Africa. The fund oversees […] More

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    Ivory Coast’s StarNews Mobile Secures $3 Million Investment for Expansion

    StarNews Mobile, a leading mobile video network in Africa headquartered in Ivory Coast, recently secured $3 million in a funding round. Janngo Capital spearheaded this round, notably including investments from three French professional footballers. The athletes involved are Aurelien Tchouameni, Jules Kounde, and Mike Maignan from Excellence Sports Nation, who are associated with top clubs […] More

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    South African Insurtech Startup Pineapple Secures $21.3 Million in Series B Funding Round

    South African insurantech Pineapple recently completed a Series B funding round, securing ZAR400 million (approximately US$21.3 million). New investors led this round, including Futuregrowth, Talent10, and MIC. The company also received continued financial backing from its existing investors, such as Old Mutual ESD, Lireas Holdings, ASISA ESD Fund, and E4E Africa. Founded in 2017, Pineapple […] More

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