Telecoms company NuRAN Wireless secures US$15m loan facility for its project expenditures

DRC – NuRAN Wireless Inc., a specialist rural telecommunications company, has announced that it has secured US$15 million in senior secured credit facility with a development finance institution (DFI). The purpose of the Loan Facility is to finance a portion of NuRAN’s planned US$30 million of expenditures linked to the installation of network infrastructure roll-out promoted by NuRAN in 120…

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Fintech company IMFact secures US$4m investment from FSD Africa Investments

KENYA – IMFact, a FinTech company that uses supply chain financing to provide working capital to microbusinesses and small- to medium-sized businesses (SMBs), has received an investment from FSD Africa Investments in the amount of 3 million British pounds (US$4 million). The IMFact business model is a “pooled receivables” factoring platform, which means it buys bulk invoices from microbusinesses and…

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Fintech company Bfree raises US$1.7m pre-Series A funding to expand globally

NIGERIA – Bfree, a Nigerian credit management fintech, has raised US$1.7 million in a pre-Series A investment to expand globally and take advantage of the prospects in emerging economies, where digital lending apps have recently sprung up in droves. 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures, and several other angel investors joined in the new round, bringing the…

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