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News & Updates of Funding, Investment Sources and Opportunities in Africa and Beyond

Diagnostics firm gets Sh75.8m funding

Nairobi-based healthcare diagnostics company Ilara Health has raised Sh75.8 million in seed funding from local and foreign venture capital firms for local expansion. Founded last year, Ilara Health says it sources tech-powered diagnostic equipment at “affordable prices” for use to identify diseases by medical clinics. Doctors under its model pay …

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Victoria Bank gets Sh1bn funding

Victoria Commercial Bank has secured a Sh1 billion five-year loan from Swedish Investment Fund for Emerging Markets (SIFEM) as it intensifies debt-funded growth. The lender—which posted flat growth for the first half of the year at Sh300 million net profit from Sh299 million in a similar period last year—has a …

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Alternative funding becomes norm

In a month when South Africa’s unemployment rate has hit its worst level in a decade (jumping to 29%), there’s a strong trend bubbling, which is tracing the explosive global growth of alternative financing for SMEs. In fact, in the US, they’ve dropped the word ‘alternative’. It has become the norm where …

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FinTech funding for SMEs can help build SA

In a week where SA’s unemployment rate has hit its worst level in a decade (jumping to 29%), there’s a strong trend bubbling in South Africa, which is tracing the explosive global growth of alternative financing for SMEs. In fact, in the US – they’ve dropped the word ‘alternative’. It …

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