Technology startup Afropolitan raises US$2.1m pre-seed funds to bring Web3 to African diaspora

AFRICA – Afropolitan, a startup that wants to build a digital nation for African, has raised US$2.1 million in pre-seed funding to advance its vision of a digital nation for the African Diaspora. Participants in the raise include #Hashed, Cultur3 Capital, and ex-Coinbase CTO Balaji Srinivasan, who in 2021 wrote what would become the basis for Afropolitan’s plans for a…

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Fintech Fido raises US$30m equity investment for continental expansion

GHANA – Fido, a fintech company that has been extending credit to thousands of customers via mobile phones since 2015, has raised a US$30 million equity investment and some undisclosed debt funding in a Series A round. The round was led by Israel-based private equity fund Fortissimo Capital, with participation from Yard Ventures, a VC fund founded by Harvard alumni.…

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Land Degradation Neutrality acquires minority stake in Morocco’s Atlas Fruits Company

MOROCCO – Atlas Fruits Company, the Moroccan company specializing in citrus cultivation, has sold a minority stake to the Land Degradation Neutrality (LDN) investment fund managed by Mirova, the affiliate of Natixis investment managers, dedicated to sustainable investment. The deal follows the closing for the fund’s US$200 million, dedicated to sustainable land use in 2021. Mirova has been developing a…

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AfDB appoints Simon Mizrahi and Jacques as new Vice presidents

AFRICA – The African Development Bank (AfDB) has appointed Mr. Simon Mizrahi and Mr. Jacques Edjangue new Vice presidents. Mr. Simon Mizrahi has been appointed as Acting Vice President, Technology and Corporate Services Complex, effective 20 June 2022 and Mr. Jacques Edjangue as Acting Vice President, People and Talent Management Complex. Mizrahi, a British national, is currently the Director for…

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