AfDB’s Facility for Energy Inclusion Reaches USD160m First Close

The African Development Bank’s Facility for Energy Inclusion fund has reached a USD160m first close. The African Development Bank provided USD90m, the European Commission and the German Development Bank KfW each committed USD25m, while Norfund invested USD23m. The fund, targeting USD400m, aims to improve energy access… Read More

Arzan VC Reaches USD20m First Close for Second Fund

Kuwait-based Arzan Venture Capital has announced a USD20m first close for its second fund targeting Middle Eastern and North African startups. Investors include Saudi Public Investment Fund’s Jada, an additional sovereign wealth fund, international wealth managers, and Arzan Financial Group. The fund has already invested in 13 startups… Read More



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