African Startup Funding Hits $1.66 Billion as Debt Drives EV and Energy Deals
African startups and growth companies raised $224 million in July, lifting total funding for the first seven months of 2026 to $1.66 billion.
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AfDB and Italy’s CDP Approve $35 Million Investment in RMBV North Africa Fund III
The African Development Bank Group and Cassa Depositi e Prestiti, Italy’s national promotional institution and development finance institution, have approved a combined $35 million equity investment in RMBV North Africa Fund III.
Genser Energy Secures $529 Million Credit Package for West African Energy Projects
Genser Energy has secured term and revolving credit facilities worth approximately $529 million (€456 million) to complete gas and power infrastructure in Ghana, strengthen its balance sheet, and support expansion into Côte d’Ivoire and other West African markets.
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