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            <title>Daba Finance | Latest Learn Articles on Business, Finance, and Technology</title>
            <description>Stay updated with Daba Finance's latest blog posts, investor updates, and case studies. Explore in-depth insights on business, finance, and technology across Africa and emerging markets. Subscribe to our RSS feed for regular updates on new content and analyses.</description>
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            <copyright>Copyright 2026 Dabafinance</copyright>
            <pubDate>Fri, 30 May 2025 17:00:04 +0000</pubDate>

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                <url>https://dabafinance.com/images/daba-logo.png</url>
                <title>Daba Finance | Latest Learn Articles on Business, Finance, and Technology</title>
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                    <item>
                        <title>Weekly Investor Update (May-WeekFive-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/may-weekfive-2025</link>
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                        <description><![CDATA[Monday BRVM Listed Filtisac to Pay Record Dividend After Strong 2024 Results Filtisac said it will distribute 28 2 billion FCFA 48 7 million to shareholders comprising 18 6 billion FCFA 32 2 million in dividends and 9 6 billion FCFA 16 6 million from merger premium distribution The payment is set for September 30 2025 representing 2 000 67 FCFA 3 46 per share at a current dividend yield of 41 57 The Ivorian packaging company BRVM FTSC reported net profit of 18 6 billion FCFA 32 1 million for 2024 up from 3 1 billion FCFA 5 4 million in 2023 Revenue reached 30 7 billion FCFA 53 million versus 38 2 billion FCFA 66 1 million the prior year First quarter 2025 showed mixed results Revenue grew 7 to 5 7 billion FCFA 9 9 million from 5]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 30 May 2025 17:00:04 +0000</pubDate>
                        
                        
                    </item>
                

                    <item>
                        <title>Weekly Investor Update (May-WeekFour-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/may-weekfour-2025</link>
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                        <description><![CDATA[Monday Nigeria s Inflation Slows to 23 7 in April as Core Pressures Ease Nigeria s headline inflation slowed to 23 71 in April 2025 from 24 23 in March according to data from the National Bureau of Statistics The moderation was driven by easing food and core inflation alongside a decline in monthly inflation to 1 86 down sharply from 3 90 in March Food inflation fell to 21 26 year on year significantly lower than the 40 53 recorded in April 2024 due to improved supply softer demand and statistical base effects Core inflation which excludes food and energy also cooled to 23 39 from 26 84 in April 2024 with monthly core inflation slowing to 1 34 Despite the moderation analysts note that elevated energy telecom and import costs fueled by past naira]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 23 May 2025 17:00:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (May-WeekThree-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/may-weekthree-2025</link>
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                        <description><![CDATA[Monday Egypt s Nawy Raises 75M Series A to Scale Proptech Platform Cairo based proptech startup Nawy has raised 75 million in Series A funding 52 million in equity and 23 million in debt to expand its real estate platform across North Africa and the Middle East The round was led by Partech Africa and includes participation from e amp Capital Nclude Fund Endeavor Catalyst and other regional and global investors Founded in 2019 by Mostafa El Beltagy and four co founders Nawy digitizes the process of buying selling and financing real estate in Egypt combining a listings platform with in house brokerage and financial services The startup has recorded over 1 4 billion in GMV in 2024 up from 38 million in 2020 The platform s growth has come despite Egypt s e]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 16 May 2025 17:00:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (May-WeekTwo-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/may-weektwo-2025</link>
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                        <description><![CDATA[Monday Weekly Markets Pulse BRVM Shines as Global Stock Markets Rally Global stock markets rallied this week on strong tech earnings improving U S China trade sentiment and resilient labor data in the U SBRVM Composite Index BRVM CI moved up 2 45 0 85 points to close at 289 52 representing a 1 week gain of 0 57 Despite lingering concerns over inflation and economic slowdown markets are betting on diplomacy tech strength and labor resilience Despite lingering concerns over inflation and economic slowdown markets are betting on diplomacy tech strength and labor resilience With central banks holding steady and trade optimism back on the table investors are embracing risk once more A strong U S labor market and improving tone in trade]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 09 May 2025 17:00:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (May-WeekOne-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/may-weekone-2025</link>
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                        <description><![CDATA[Monday OmniRetail Raises 20M to Expand FMCG Distribution Across West Africa OmniRetail a Nigerian B2B commerce platform targeting the informal retail sector has raised 20 million in a Series A equity round to accelerate expansion in Nigeria Ghana and Ivory Coast The round was co led by Norfund and Timon Capital with participation from Ventures Platform Aruwa Capital Goodwell Investments and Flour Mills of Nigeria Founded in 2019 OmniRetail digitizes supply chain operations for over 150 000 informal retailers providing inventory management embedded credit and digital payments The company which became EBITDA positive in 2023 and net profitable in 2024 operates an asset light model leveraging a network of 1 100 vehicles and 85 logistics partners The fund]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 02 May 2025 17:00:06 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (April-WeekFour-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/april-weekfour-2025</link>
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                        <description><![CDATA[Wednesday Unilever Share Price Hits 6 Year High Amid BRVM Stock Market Rebound The BRVM stock market rebounded sharply led by a 6 01 gain inOrange which closed at 14 900 FCFA The stock added 127 3 billion FCFA in market capitalization helping lift all major indices The BRVM Composite rose 1 57 to 285 94 points the BRVM 30 climbed 1 73 to 143 74 points and the BRVM Prestige advanced 1 51 to 121 33 points Unileverjumped 7 48 to 9 560 FCFA reaching its highest level since 2018 Palmrose 7 05 to 6 150 FCFA boosted by Q1 2025 results Air Liquidegained 6 45 to 495 FCFA In contrast Tractafric Motorsfell 5 96 to 1 815 FCFA Servair AbidjanandTotaldropped 3 65 and 2 78 respectively Trading volume surged to 1 8 billion FCFA nearly five times higher than Friday]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 25 Apr 2025 17:00:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (April-WeekThree-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/april-weekthree-2025</link>
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                        <description><![CDATA[Monday BRVM Posts Strong Gains as Total Cote dIvoire Rises 171 The BRVM stock market closed last week in positive territory with the Composite index gaining 0 71 to 290 79 points and the BRVM 30 rising 0 85 to 146 70 points Market activity showed 16 stocks up 28 stocks down and 3 unchanged Total Cote dIvoire led gainers with a 16 81 increase to 3 960 FCFA 6 70 Unilever followed with a 15 44 gain to 7 590 FCFA 12 83 Other notable risers included SIB 8 89 BOA Mali 8 13 and Filtisac 5 47 Setao led decliners dropping 14 41 to 475 FCFA 0 80 followed by Nei ceda 13 89 and TRACTAFRIC MOTORS 13 67 Trading volumes were particularly strong for FILTISAC 173 244 shares and TOTAL CI 116 871 shares indicating significa]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 18 Apr 2025 17:00:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (April-WeekTwo-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/april-weektwo-2025</link>
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                        <description><![CDATA[Monday Trump Tariff Hike Threatens 8B in African Duty Free Exports to U S Africa faces new trade uncertainty following U S President Donald Trump s decision to impose sweeping tariff increases on imports affecting countries previously covered under the African Growth and Opportunity Act AGOA The move could undermine duty free access for 32 sub Saharan African countries and hit key exporters like South Africa Nigeria and Madagascar AGOA enabled African nations to export 8 billion in goods to the U S in 2024 But under the new tariffs African exports will now face a baseline 10 duty with higher rates for some countries up to 50 for Lesotho and 47 for Madagascar The hardest hit sectors include apparel agriculture and automotive manufacturing Exemptions]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 11 Apr 2025 17:00:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (April-WeekOne-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/april-weekone-2025</link>
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                        <description><![CDATA[Monday Ecobank Posts Record Profit in 2024 Despite Nigeria Setback Ecobank Group BRVM ETIT reported a pre tax profit of 658 million in FY2024 up 13 year on year driven by growth in fee based services and tighter cost control Net profit attributable to ETI shareholders rose 16 to 333 million while earnings per share reached 1 36 US cents Return on tangible equity ROTE jumped to 32 7 one of the highest among African banks Revenue totaled 2 1 billion with net interest income making up 56 and non interest income 44 The Corporate and Investment Banking CIB segment accounted for nearly half of group revenue and 498 million in pre tax profit Thegroupincreased deposits by 17 and held cost to income ratio at 53 Gross loans declined 5 while Stage 1 l]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 04 Apr 2025 17:00:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (March-WeekFour-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/march-weekfour-2025</link>
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                        <description><![CDATA[Monday BOA Benin to Tap Reserves for Dividends Despite Profit Drop Bank of Africa BOA Benin plans to draw from its reserves to maintain dividend payouts despite reporting an 8 74 decline in 2024 net profit The proposal will be voted on at the General Meeting on April 2 in Cotonou Net income fell from 21 53 billion FCFA 35 49 million in 2023 to 19 65 billion FCFA 32 39 million in 2024 impacted by regional pressures such as the devaluation of the Nigerian naira border closures with Niger and a 300 basis point rise in WAEMU refinancing costs The bank had already reported a 12 82 drop in first half profits Despite this the BRVM listed lender BRVM BOAB will propose a dividend of 468 FCFA 0 77 per share up 32 6 from 353 FCFA 0 58 in 2023 The tota]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 28 Mar 2025 17:00:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (March-WeekThree-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/march-weekthree-2025</link>
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                        <description><![CDATA[Tuesday Kenyas Leta Raises 5M to Scale AI Powered Logistics Platform Leta a Nairobi based logistics software startup has raised 5 million in seed funding to expand its AI powered platform that optimizes delivery routes tracks shipments in real time and helps businesses streamline logistics operations The funding round was led by European VC firm Speedinvest with additional backing from Google s Africa Investment Fund and Equator an Africa focused climate tech fund Leta s platform is designed to reduce costs and improve efficiency in logistics which currently accounts for a significant portion of product prices in Africa By integrating with businesses ERP POS and OMS systems it automates tasks such as manifest creation and dispatch planning]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 21 Mar 2025 17:00:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (March-WeekTwo-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/march-weektwo-2025</link>
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                        <description><![CDATA[Monday Egypt s Inflation Drops to Two Year Low as Currency Crisis Eases Egypt s inflation rate fell sharply to 12 8 in February down from 24 in January as the impact of the foreign currency shortage and black market dollar speculation diminished the state statistics agency CAPMAS reported Monday The decline marks the lowest inflation rate since March 2022 when Egypt entered a financial crisis Inflation had peaked at 38 in September 2023 before gradually easing Analysts had forecast a drop to 14 5 with some expecting a monthly increase due to Ramadan related spending The slowdown follows a 24 billion investment deal from Abu Dhabi in 2024 and an 8 billion IMF support package signed in March 2024 which helped stabilize Egypt s economy Money supply M2 gro]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 14 Mar 2025 17:00:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (March-WeekOne-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/march-weekone-2025</link>
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                        <description><![CDATA[Monday South Africa s Agricultural Exports Hit Record 13 7B in 2024 South Africa s agricultural exports rose 3 to a record 13 7 billion in 2024 marking the sixth consecutive year of growth according to a report by the Agricultural Business Chamber of South Africa Agbiz Citrus fruit and grapes led exports with strong demand across key markets African countries accounted for 44 of South Africa s agricultural trade followed by Asia and the Middle East 21 the European Union 19 and the Americas 6 The United States received 4 of total shipments with key exports including citrus grapes wine and fruit juices Despite the export growth agricultural imports increased by 8 to 7 6 billion driven by higher prices for wheat palm oil and rice As a r]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 07 Mar 2025 17:00:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (February-WeekFour-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/february-weekfour-2025</link>
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                        <description><![CDATA[Tuesday Niger Junta Proposes Delaying Elections Five More Years Until 2030 Niger s military rulers have proposed delaying democratic elections until at least 2030 extending their transition to civilian rule from three to five years according to recommendations from a national conference broadcast on state television Thursday The proposal awaiting junta leader Brigadier General Abdourahamane Tchiani s approval includes abolishing all political parties and allowing no more than five new parties under a revised charter It also permits Tchiani to run in the eventual election The move solidifies military control in Niger following similar transitions in Mali and Burkina Faso which expelled French troops and turned to Russian security forces Violence in the Sahel has]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 28 Feb 2025 17:00:16 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (February-WeekThree-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/february-weekthree-2025</link>
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                        <description><![CDATA[Monday Togos ruling party wins senatorial elections despite opposition criticism Togos ruling Union for the Republic Unir party won 34 of the 41 contested senatorial seats in Saturdays elections the Electoral Commission announced The results will be submitted to the Constitutional Court for final validation The election was the final step in the implementation of the new constitution which President Faure Gnassingb signed into law in May 2024 The reform replaces presidential elections with a parliamentary system in which the president of the republic plays a ceremonial role while executive power passes to the president of the Council who is expected to be Faure Gnassingb given Unirs dominance in parliament The Senate comp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 21 Feb 2025 17:00:15 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (February-WeekOne-2025)</title>
                        <link>https://dabafinance.com/en/learn/updates/february-weekone-2025</link>
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                        <description><![CDATA[Monday Kenya s Inflation Stays Below 5 in Boost for Rate Cut Prospects Kenya s inflation rate remained below the central bank s 5 midpoint target for the eighth consecutive month rising to 3 3 in January from 3 in December according to the Kenya National Bureau of Statistics The increase driven by food and transport prices was slightly above the 2 8 forecast in a Bloomberg survey With inflation contained and the Kenyan shilling relatively stable the Central Bank of Kenya CBK may cut interest rates for a fourth straight meeting on February 5 In December the CBK lowered the benchmark rate by 75 basis points to 11 25 exceeding market expectations The Kenya Bankers Association has called for another rate cut to boost borrowing and economic growth Kenya s]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 07 Feb 2025 17:00:06 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (December-WeekFour-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/december-weekfour-2024</link>
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                        <description><![CDATA[Monday Nigerias PBR Life Sciences Raises 1M to Expand Healthcare Analytics PBR Life Sciences a healthcare data analytics company has raised 1 million in pre seed funding to enhance its AI infrastructure and expand operations into Ghana and Kenya Backed by investors including Launch Africa Microtraction and Techstars the funds will support its mission to provide data driven insights for Africa s pharmaceutical sector Founded in 2015 by Ayodeji Alaran PBR pivoted to healthcare analytics in 2021 The company aggregates anonymized data on drug quantities prices and purchase frequencies from pharmacies helping pharmaceutical giants like Sanofi optimize production pricing and demand forecasting PBR s AI powered dashboards offer insights on market share a]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 27 Dec 2024 17:00:06 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (December-WeekThree-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/december-weekthree-2024</link>
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                        <description><![CDATA[Monday Juicyway Emerges from Stealth with 3M for Cross Border Payments African fintech startup Juicyway specializing in stablecoin powered cross border payments has raised 3 million in a pre seed round led by P1 Ventures The three year old startup which previously operated in stealth has processed over 1 3 billion in transactions from 4 000 users without a public app or marketing Juicyway enables businesses and individuals to send receive and process global payments in fiat currencies and stablecoins Its platform provides liquidity pools for local and international currencies like Nigerias naira USD and GBP offering transparent market driven pricing that reduces costs and speeds up settlements Key customers include corporates like Bolt and fintech]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 20 Dec 2024 17:00:14 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (December-WeekTwo-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/december-weektwo-2024</link>
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                        <description><![CDATA[Monday Libya s Oil Output Hits 11 Year High as Industry Recovers Libya s oil production reached 1 422 million barrels per day bpd on Thursday surpassing the National Oil Corp NOC target by 22 000 barrels This marks the country s highest daily output since 2013 and a sharp recovery following an August political crisis that halved production The surge follows a resolution of disputes between Libyas rival governments and signals renewed activity in the energy sector Recent developments include Italy s Eni Spa and BP Plc resuming drilling after a decade long pause and Libya preparing its first energy exploration tender since the 2011 civil war November crude output stood at 1 14 million bpd showcasing steady growth for Africa s largest oil reserves]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 13 Dec 2024 17:00:09 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (December-WeekOne-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/december-weekone-2024</link>
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                        <description><![CDATA[Tuesday Nigeria Secures 2 2B in First Eurobond Issue Since 2022 Nigeria has raised 2 2 billion in its latest Eurobond auction the first since March 2022 to address its widening fiscal deficit The offering included 700 million in 6 5 year bonds at 9 625 and 1 5 billion in 10 year bonds at 10 375 While oversubscribed with 9 billion in total bids only 2 2 billion was allocated The bonds issued under the Regulation S 144A structure attracted investors from regions including the UK North America Europe and Asia Proceeds will fund Nigeria s 2024 budget strained by declining oil revenues and rising public spending Analysts noted the high yields signal investor concerns about Nigeria s debt sustainability and economic outlook Despite these challenges offi]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 06 Dec 2024 17:00:08 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (November-WeekFive-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/november-weekfive-2024</link>
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                        <description><![CDATA[Monday Sylndr Secures 7 5M Asset Backed Facility via EFG Hermes EFG Hermes part of EFG Holding has advised Sylndr Egypts online used car marketplace on a 7 5 million working capital facility The transaction marks Egypts first asset backed working capital solution tailored to Sylndrs business model reflecting innovation in startup financing The facility will enable Sylndr to scale operations improve efficiency and expand its offerings in Egypts used car market The structured transaction ensures ring fenced financing to provide security for lenders while supporting Sylndr s growth EFG Hermes collaborated with EFG Corp Solutions Bank NXT and EG Bank as lenders with Adsero and Sarie Eldin amp Partners offering legal support Mai]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 29 Nov 2024 17:00:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (November-WeekFour-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/november-weekfour-2024</link>
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                        <description><![CDATA[Wednesday Gabons New Constitution Extends Presidential Terms to Seven Years Gabonese voters have approved a new constitution extending presidential terms to seven years from five with 92 backing the measure in a referendum according to Interior Minister Hermann Immongault Voter turnout was reported at 54 The new constitution is seen as a key step toward a return to civilian rule following the military coup that ousted President Ali Bongo in 2023 The new framework abolishes the prime minister s role introduces a vice president position and limits presidential terms to two seven year terms It also sets an age cap of 70 for presidential candidates and requires candidates to have both parents of Gabonese nationality The constitutional ref]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 22 Nov 2024 17:00:11 +0000</pubDate>
                        
                        
                    </item>
                

                    <item>
                        <title>Weekly Investor Update (November-WeekThree-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/november-weekthree-2024</link>
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                        <description><![CDATA[Monday Orange BICICI Share Prices Hit Record Highs as BRVM Stays Bullish The West African BRVM stock exchange closed last week on a bullish note marking its fourth straight session of gains Key indices saw positive movement with the benchmark composite index rising 0 42 to 271 33 points the BRVM 30 up 0 45 to 135 64 points and the BRVM Prestige gaining 0 64 to reach 113 18 points This upward trend was fueled by strong performances from shares of Sonatel SNTS up 0 44 at 23 705 FCFA and Orange ORAC advancing 0 47 to 16 175 FCFA BICICI BICC led the market in capitalization gains rising 3 to 12 000 FCFA Orange and BICICI stocks have reached their all time highs Top performers includedSMB 5 72 at 11 000 FCFA SOGB 4 29 at 4 500 FCFA andCIE 3 10]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 15 Nov 2024 17:00:09 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (November-WeekTwo-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/november-weektwo-2024</link>
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                        <description><![CDATA[Monday WAEMUs Largest Bank Soci t G n rale Sees 12 Profit Jump Soci t G n rale C te dIvoire SGBC the largest bank in francophone West Africa by assets reported a 12 increase in profit for the first nine months of 2024 totaling 74 5 billion FCFA This growth is attributed to effective management of general expenses driving pre tax profit up by 14 to 92 9 billion FCFA year on year The bank s strong commercial performance is evident in a 9 increase in outstanding loans reaching 2 481 billion FCFA despite a 3 dip in customer deposits to 2 580 billion FCFA SGBC s net banking income also rose by 6 to 196 billion FCFA showcasing the strength of its core activities Bloomfield Investment Corporationrecently upgraded SGBC s ratingfrom AA to AAA]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 08 Nov 2024 17:00:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (November-WeekOne-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/november-weekone-2024</link>
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                        <description><![CDATA[Monday Starlink Terminals Sell Out in Zimbabwe Driving ISP Price Cuts Elon Musks Starlink has sold out its internet terminals in Harare Zimbabwes capital less than two months after receiving regulatory approval to operate in the country Harare joins five Nigerian cities Abuja Kano Lagos Port Harcourt and Warri where the service is unavailable for new orders due to high demand according to Starlinks website Zimbabwe and Nigeria are the only African nations experiencing such Starlink shortages Demand surged following Starlinks entry in September with customers ordering terminals directly from its website bypassing street markets that previously sold kits at marked up prices The secondary market has since collapsed]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 01 Nov 2024 17:00:08 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (October-WeekFour-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/october-weekfour-2024</link>
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                        <description><![CDATA[Monday Dangote s Wealth Doubles to 28B After Nigeria Refinery Launch Aliko Dangote Africa s wealthiest man has seen his fortune surge to 27 8 billion thanks to the launch of his long awaited oil refinery in Nigeria The Dangote Refinery located outside Lagos is the largest single train refinery globally and aims to make Nigeria self reliant for fuel but faced difficulties during its construction The project took 11 years and 20 billion to complete far longer and more expensive than initially planned Operational since January the refinery has sparked disagreements with the government and Nigeria s state oil company as well as concerns over its environmental and local impacts The refinery is the most ambitious project in Dangote s 46 year ca]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 25 Oct 2024 17:00:08 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (October-WeekTwo-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/october-weektwo-2024</link>
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                        <description><![CDATA[Monday Uganda Delivers Second Rate Cut Amid Improved Inflation Outlook Uganda s central bank lowered its benchmark interest rate to 9 75 from 10 marking its first consecutive rate cut in four years as inflation pressures ease The move follows a similar reduction in August signaling confidence in theimproved inflation outlook Deputy Governor Michael Atingi Ego stated that risks to inflation are balanced but emphasized a cautious monetary policy stance The bank aims to maintain inflation control while supporting Uganda s socio economic transformation Annual inflation slowed to 3 in September while core inflation dropped to 3 7 both below the central banks 5 target Ugandas central bank is maintaining a cautious approach to mone]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 11 Oct 2024 17:00:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (October-WeekOne-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/october-weekone-2024</link>
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                        <description><![CDATA[Monday Zimbabwe Devalues Currency Raises Interest Rates to Curb Inflation Zimbabwe s Reserve Bank has devalued its gold backed currency the ZiG by 43 and raised the benchmark interest rate to 35 from 20 amid skepticism over the currency s viability The central bank s websiteshowed theZiGtrading at 24 4 per U S dollar down from 14 per dollar earlier in the day While the central bank did not explicitly confirm the devaluation Governor John Mushayavanhu announced measures to increase exchange rate flexibility and address inflation Monthly inflation surged to 5 8 in September from 1 4 in August reflecting pressures on the ZiG due to rising food import prices and declining dollar revenues from mineral exports The ZiG introduced in April as]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 04 Oct 2024 17:00:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (September-WeekFour-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/september-weekfour-2024</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/september-weekfour-2024" rel="alternate"/>
                        <description><![CDATA[Monday Algerian Edtech Startup LabLabee Secures 3 4M Seed Funding LabLabee an Algerian edtech startup focused on 5G cloud and AI technologies has raised 3 4 million in seed funding to accelerate adoption across the telecommunications and industrial sectors The round was led byReach Capital with support fromClassera Brighteye Ventures ande amp capital Prominent business angels Cedric Sellin and Mohammed Husamaddin also participated Founded in 2021 LabLabee provides hands on learning experiences in network technologies The startup plans to expand its footprint in the EMEA region and enter the U S market through partnerships with major cloud providers like AWS Azure and GCP LabLabee s seed round underscores the rising demand for practical]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 27 Sep 2024 17:00:06 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (September-WeekThree-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/september-weekthree-2024</link>
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                        <description><![CDATA[Monday BRVM Stock Market Maintains Upward Momentum to Reach Seven Year High The benchmark BRVM Composite index continued its upward trend for the fourth consecutive week increasing by 0 76 to reach 261 24 points marking its first return to the 260 point level since July 2017 This growth was largely driven by the performance of Sonatel SNTS the largest company on the BRVM which saw a valuation increase of 4 58 reaching 24 000 FCFA and adding 105 billion FCFA to its market capitalization to hit 2 4 trillion FCFA 4 07 billion The BRVM 30indexrose by 0 88 to 131 15 points and the BRVM Prestigeindexedged up 0 07 to 126 56 points Despite a balance of 13 stock increases against 25 decreases the markets overall momentum remained positive]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 20 Sep 2024 17:00:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (September-WeekTwo-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/september-weektwo-2024</link>
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                        <description><![CDATA[Monday BRVM Stock Market Sees Continued Growth in First Week September The BRVM stock market continued its upward trend for the third consecutive week driven by the strong performances of Sonatel SNTS Ecobank CI ECOC and Orange CI ORAC adding 45 billion FCFA 41 01 billion FCFA and 30 13 billion FCFA in market capitalization respectively This positive momentum saw key indices rise with the benchmark BRVM Composite up 2 21 to 259 27 points BRVM 30 increasing 2 18 to 130 01 points and BRVM Prestige up slightly by 0 52 to 114 63 points Unilever CI UNLC reported a 2023 profit of 640 34 million FCFA a sharp reversal from its 2022 loss of 6 38 billion FCFA Tractafric Motors CI PRSC saw a significant drop in its first quarter 2024 profit down 90 40]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 13 Sep 2024 17:00:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (September-WeekOne-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/september-weekone-2024</link>
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                        <description><![CDATA[Monday BOA Mali Leads Weekly Gains Amid Capital Increase Process BRVM listed Bank of Africa Mali BOAM share price surged by 22 68 to 1 650 FCFA attracting renewed investor interest through a capital increase process BOAMs increase included the issuance of one new share for every two old ones listed on the BRVM excluding allocation rights at 675 FCFA BOA Burkina Faso BOABF experienced significant gains with its share price rising by 17 65 to 4 000 FCFA involving a capital increase through reserves at a ratio of one new share per old one listed at 3 400 FCFA The week saw strong performances from several key stocks led by BOA Mali and BOA Burkina Faso both of which benefited from capital increase processes that boosted investor conf]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 06 Sep 2024 17:00:08 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (August-WeekFive-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/august-weekfive-2024</link>
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                        <description><![CDATA[Monday Emerging Markets Stocks Rally as US Signals Imminent Rate Cuts Emerging stocks advanced on Monday led by Chinese tech giants after Federal Reserve Chairman Jerome Powell indicated that USinterest rateswould be cut starting next month TheMSCI Emerging Markets EM indexrose 0 6 marking its highest level in five weeks buoyed by gains inTencent HoldingsandAlibaba Group Developing currencies showed mixed performance against the dollar with the Thai baht and Malaysian ringgit leading the gains Powell s signal of impending US rate cuts has reignited interest in emerging markets particularly in tech heavy stocks like Tencent and Alibaba This anticipated monetary easing could enhance the appeal of riskier assets potentially narrowing the gap b]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 30 Aug 2024 17:00:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (August-WeekFour-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/august-weekfour-2024</link>
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                        <description><![CDATA[Monday BRVM stock market rally halts on Nestle SIB dip The benchmark BRVM Composite index experienced a slight decline of 0 16 to close at 248 13 points last week following a robust rally in July that saw the index gain 3 90 andsurpass the 9 trillion FCFA markearlier in August This modest correction was driven by significant losses in the market capitalizations ofSIB 6 69 to 6 000 FCFA andNestl CI 6 84 to 7 150 FCFA which saw their values drop by 21 50 billion FCFA and 11 59 billion FCFA respectively The BRVM 30indexalso fell by 0 23 to 124 45 points ending a two week winning streak while the Prestige index decreased by 1 20 to 111 44 points wiping out the gains made in the previous week In just four trading sessions the total tra]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 23 Aug 2024 17:00:06 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (August-WeekThree-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/august-weekthree-2024</link>
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                        <description><![CDATA[Tuesday Kenyan lender Equity Group half year profit up 12 5 to 229m Equity Group Kenya s largest bank by market capitalization reported a 12 5 increase in net profit for the first half of 2024 at 229 million KES29 6 billion Thats up from 203 4 million KES26 3 billion in the same period in 2023 This growth occurred despite challenging macroeconomic conditions leading to higher loan defaults The banks robust performance was driven by a 22 rise in interest income totaling 656 million KES84 8 billion against a backdrop of high inflation and interest rates Equity Groups success highlights its strategic focus on regional expansion which has compensated for slower growth in Kenya s economy The double digit growth from its regional ope]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 16 Aug 2024 17:00:06 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (August-WeekTwo-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/august-weektwo-2024</link>
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                        <description><![CDATA[Monday Ecobank Groups profit before tax jumps to 324m in half year 2024 Despite facing macroeconomic challenges in some of its operating markets pan African banking group Ecobank Transnational Incorporated ETIT increased its net revenues to 994 million and its profit before tax by 5 to 324 million in the six months ending June Thats according to the Togo headquartered bank s latest financial statement which also shows that its after tax profit rose to a nine year high of 227 million in H1 from 216 million in the same period in 2023 Excluding the impact of foreign currency translation due to US dollar strength the profit before tax increased by 23 The return on tangible shareholder s equity ROTE was 34 7 compared to 27 in the previous yea]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 09 Aug 2024 17:00:08 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (August-WeekOne-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/august-weekone-2024</link>
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                        <description><![CDATA[Monday Ethiopian birr dips 30 as central bank floats currency for IMF loan Ethiopias central bank floated the countrys birr currency on Monday a move aimed at securing support from the International Monetary Fund IMF and advancing a long delayed debt restructuring Following the float the birrs value against the U S dollar plummeted by 30 to 74 73 per dollar per theCommercial Bank of Ethiopia the countrys largest lender The currency had been trading at 57 48 birr to the dollar on Friday The central bank announced that banks are now permitted to buy and sell foreign currencies to their clients and among themselves at freely negotiated rates The regulator also stated it would only make limited interventions in the forei]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 02 Aug 2024 17:00:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (July-WeekFour-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/july-weekfour-2024</link>
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                        <description><![CDATA[Monday Societe Ivoirienne de Banque to pay 45 6m in dividends Societe Ivoirienne de Banque SIBC the Ivorian subsidiary of theAttijariwafagroup is paying dividends scheduled for July 31 2024 Shareholders can look forward to receiving a total of 27 41 billion FCFA 45 6 million which represents a distribution rate of 63 Despite an increase in the net cost of risk and overheads the bank achieved a net profit of 43 51 billion FCFA in 2023 compared to 40 1 billion FCFA a year earlier marking a 9 increase This profit underscores the solidity and resilience of SIB in navigating the competitive banking sector In addition the banks net banking income saw a 14 rise reaching 95 6 billion FCFA compared to 83 5 billion FCFA the previous year thanks to impr]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 26 Jul 2024 17:00:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (July-WeekFour-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/july-weekfour-2024-2</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/july-weekfour-2024-2</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/july-weekfour-2024-2" rel="alternate"/>
                        <description><![CDATA[Monday Egyptian fintech unicorn MNT Halan gets 157 5m for global expansion Months after announcing a 400 million funding injection to become Egypts first unicorn fintech startup MNT Halan has secured an additional 157 5 million in a recent funding round to expand its operations beyond Egypt This funding round was led by the International Finance Corporation IFC which provided 40 million and included participation from existing investors such asDevelopment Partners InternationalandLorax Capital Partners along with funds managed byApis Partners LLP Lunate andGB Corp Founded in 2018 by Mountie Nakhla MNT Halan digitizes banking services and replaces traditional cash transactions with electronic payment solutions The company offers a range of services i]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 26 Jul 2024 17:00:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (July-WeekThree-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/july-weekthree-2024</link>
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                        <description><![CDATA[Monday Kenyan skincare startup Uncover gets 1 4m for Ghana Uganda expansion Uncover a Kenyan marketplace for skin care products has raised 1 4 million in seed funding to expand into the US Ghana and Uganda Launched in 2021 bySneha MehtaandJade Oyateru Uncover uses data provided by users on its app through quizzes and other interactions to create personalized skin care products with labs in South Korea The company distributes these products through its e commerce platform and retail partnerships with pharmaceutical chains likeGoodlifeandMedplusin Kenya and Nigeria This is Uncover s third funding round It raised 100 000 in a 2021 pre seed round fromAntler VCand a 1 million seed round in 2022 In its latest funding round Uncover provided exits for early inves]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 19 Jul 2024 17:00:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (July-WeekTwo-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/july-weektwo-2024</link>
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                        <description><![CDATA[Monday BRVM stock market posts second straight weekly decline The regional BRVM stock market posted its second straight weekly decline Friday despite positive turnout from large cap stocksSoci t G n rale CI 2 55 at 19 500 FCFA Nestl CI 4 00 at 7 800 FCFA Orange CI 1 69 at 12 000 FCFA andSonatel 0 08 at 19 395 FCFA Benchmark BRVM Composite index fell 0 10 to 229 48 points while the BRVM 30 0 21 to 114 86 points and the BRVM Prestige 0 51 to 108 71 points both rose erasing their declines from the previous week The market contraction was mainly driven by investors taking profits with 24 stocks posting losses for the week including TG Bicici and Oragroup Market capitalization stands at 8 53 trillion FCFA 14 083 billion down from 8 54 tri]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 12 Jul 2024 17:00:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (July-WeekOne-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/july-weekone-2024</link>
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                        <description><![CDATA[Monday BRVM historic rally ends as profit taking on bellwether stocks deepens The BRVM closed last week negative on profit taking by investors after a bullish rally that lasted nearly two months sent the market to its highest levels in the last six years Soci t G n rale CI the 3rd largest stock by capitalization led the general market decline which occurred despite 24 stocks gaining compared to 11 decreases Major telecom operatorSonatel 0 62 at 19 380 FCFA also posted a notable loss in value of 12 billion FCFA The benchmark BRVM Compositeindexfell 0 15 to 229 70 points alongside the BRVM 30 0 19 at 114 62 and the BRVM Prestiges 0 95 at 108 16 while overall market capitalization fell to 8 5 trillion FCFA around 14 billion The bes]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 05 Jul 2024 17:00:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (June-WeekFour-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/june-weekfour-2024</link>
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                        <description><![CDATA[Tuesday Egypts Connect Money gets 8m to enable businesses issue cards Egyptian Banking as a Service startupConnect Moneyhas closed an 8 million seed funding round led byDisruptech VenturesandAlgebra Venturesto launch five new business verticals in North African markets Connect Money offers a white label card issuing platform that enables businesses to provide their customers with debit and credit cards without the need to develop fintech infrastructure or obtain regulatory licensing The embedded finance package encompasses digital payments instant financing and access to a network of over 20 000 marketplace partners Support services include white labeled card issuance distribution KYC customer support and mobile banking app development]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 28 Jun 2024 17:00:08 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (June-WeekThree-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/june-weekthree-2024</link>
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                        <description><![CDATA[Tuesday Benin exports first locally produced clothes to Europe Benin a leading cotton supplier in West Africa alongside Mali and Burkina Faso has made strides in industrializing its textile sector to boost local production On June 14 theGlo Djigb Industrial Zone GDIZ shipped 80 000 locally made childrens leggings to the French ready to wear chainKIABI This milestone marks the first shipment of made in Benin clothing to Europe L tondji Beheton director of the Investment and Promotion Company of Industry SIPI BENIN SA which oversees GDIZ development confirmed that this shipment is part of a supply agreement with KIABI In recent years Benin has emerged as Africa s leading cotton producer with an annual production of 728 000 tonnes]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 21 Jun 2024 17:00:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (June-WeekTwo-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/june-weektwo-2024</link>
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                        <description><![CDATA[Monday Egypts Sahl raises 6m to digitize household utility payments Cairo based fintechSahlhas secured 6 million in Series A and seed funding rounds led byAyady for Investment and Development with participation from existing investors Egypt Pay Delta Electronic Systems andeFinance Founded in 2020 by Ahmed Othman Ibrahim Assal and Abdullah Assal Sahl is a bill payment platform enabling users to recharge prepaid cards and is among the few Egyptian companies directly integrated with multiple government entities The newly raised funds will be utilized to enhance and expand Sahls services with plans to extend its operations to Saudi Arabia following its regional launch in the UAE Sahls strategic vision is to dominate Egypt]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 14 Jun 2024 17:00:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (June-WeekOne-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/june-weekone-2024</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/june-weekone-2024" rel="alternate"/>
                        <description><![CDATA[Monday Kenyan climate data startup Gro Intelligence shuts down Gro Intelligence an agri data platform based in New York and Nairobi has reportedly shut down after months of capital shortages leadership changes and a controversial restructuring earlier this year In March the company laid off 60 of its staff a move currently under investigation by the SEC for alleged labor law violations as former employees claimed they were not given prior notice The companys founder Sara Menker was replaced as CEO by James Cariello in February Despite securing some funding in March it only provided temporary relief Gro Intelligence raised 85 million in Series B funding in 2021 from investors such asAfrica Internet VenturesandIntel Capital and 117 million througho]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 07 Jun 2024 17:00:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (May-WeekFive-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/may-weekfive-2024</link>
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                        <description><![CDATA[Monday BRVM main index hits six year high on Sonatel Coris Bank rally TheBRVMequity market continued its upward trend with the benchmark Composite index rising 1 96 to 224 44 points last week a level not seen in six years The surge was driven by gains inSonatel 3 37 to 19 000 FCFA andCoris Bank International 7 07 to 10 600 FCFA along with a positive balance of 27 increases against 11 decreases The BRVM 30 index also increased by 2 16 to 112 50 points the highest level since 2023 and the BRVM Prestige index rose by 2 30 to 104 34 points Market capitalization grew by 1 96 to 8 4 trillion FCFA c 14 billion a historic high for the BRVM The BRVM has been on an upward trajectory for two weeks with the markets posi]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 31 May 2024 17:00:06 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (May-WeekFour-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/may-weekfour-2024</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/may-weekfour-2024" rel="alternate"/>
                        <description><![CDATA[Tuesday Ivory Coast overtakes SA to become best rated in sub Saharan Africa Ivory Coast has risen to the top spot as the highest rated sovereign in sub Saharan Africa for foreign debt surpassing South Africa according toS amp P Global Ratings Both countries maintained their BB ratings but Ivory Coasts outlook shifted to positive due to its improving debt profile contrasting with South Africas stable outlook This development underscores Ivory Coasts growing fiscal strength propelled by its recent issuance of 2 6 billion in Eurobondsin January This not only bolstered the countrys finances but also marked sub Saharan Africas return to the international capital markets after nearly two years Ivory Coasts]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 24 May 2024 17:00:08 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (May-WeekThree-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/may-weekthree-2024</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/may-weekthree-2024" rel="alternate"/>
                        <description><![CDATA[Monday Pan African lender Ecobank tops 2bn revenue mark Ecobank Transnational Incorporateds release of the 2023 results marked the first time since 2015 that the group has surpassed 2 billion in net income representing an impressive 11 increase Profit after tax surged by 11 year on year reaching 407 million in 2023 compared to 367 million in the previous year In addition theTogo based and BRVM listedgroups profit before tax experienced an 8 growth in 2023 or 34 when adjusted for foreign currency translation effects reaching 581 million The pan African banking group said that the growth was primarily due to revenue growth outpacing expense growth which resulted in positive operating leverage These financial outcomes highlightEcobank]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 17 May 2024 17:00:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (May-WeekTwo-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/may-weektwo-2024</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/may-weektwo-2024" rel="alternate"/>
                        <description><![CDATA[Monday Google opens applications for new cohort of Africa AI accelerator Google Africahas unveiled the commencement of applications for the eighth iteration of its Google for Startups Accelerator Africa program This year the program is placing a special emphasis on startups leveraging artificial intelligence AI and machine learning ML to address significant challenges and unlock new opportunities across the continent The Accelerator is a three month virtual program that does not require equity and provides African startups with mentorship technical support and access to a global network of experts and investors Applications are openhereuntil May 20 AI has the potential to be transformative in Africa and could add as much as 1 3 trillion to]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 10 May 2024 17:00:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (May-WeekOne-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/may-weekone-2024</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/may-weekone-2024" rel="alternate"/>
                        <description><![CDATA[Monday Servair Abidjan to pay shareholders 4 1m in market best dividend After experiencing a loss of 985 million FCFA in 2020 Servair which operates in refueling provision of meals and cleaning services for airlines at Abidjan airport reported a 5 28 increase in profit to 1 34 billion FCFA in 2023 Servairis offering part of its reserves as dividends to shareholders along with its entire net profit The total allocation amounts to 2 5 billion FCFA over 4 million After factoring in the 10 securities income tax IRVM the net dividend per share stands at 206 FCFA more than double the previous years level of 82 8 FCFA This dividend when reported against the share price of 1 295 FCFA as of April 26 2024 yields 15 92 making it the highest yield on t]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 03 May 2024 17:00:05 +0000</pubDate>
                        
                        
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                        <title>Weekly Investor Update (April-WeekFour-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/april-weekfour-2024</link>
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                        <description><![CDATA[Monday BRVM sees second weekly gain on Bernabe Bicici BOA rally Trading on the regional stock exchange BRVM concluded on a positive note last week despite more stocks falling than rising Key performers includedBicici 5 71 to 7 400 FCFA BOA Benin 3 72 at 7 240 FCFA andSIBC 1 40 at 5 780 FCFA contributing to the markets favorable trend Notably Bernab sstock witnessed a fluctuating trajectory rising by 4 02 to 1 295 FCFA in the prior week dipping by 5 41 to 1 225 FCFA the following week and rebounding by 6 12 to 1 300 FCFA This volatility is attributed to speculative anticipation of the companys 2023 annual results In addition Bicici secured second place in the top rankings The stock has maintained strong performance since the]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 26 Apr 2024 17:00:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (April-WeekThree-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/april-weekthree-2024</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/april-weekthree-2024" rel="alternate"/>
                        <description><![CDATA[Monday Nigerias inflation rose 33 2 in March despite currency gains Despite the nairas recent strength Nigerias inflation has surged to a 28 year high surpassing analysts expectations The National Bureau of Statistics reported a 33 2 annual increase in consumer prices in March up from31 7 in February This unexpected rise contrasts with predictions based on thenairas robust performance which has made it the top performing currency in April so far Despite recent interest rate hikes aimed at curbing inflation including a 600 basis points increase in March headline inflation continues to rise Food prices in particular remain a significant driver with food inflation accelerating to 40 01 These developments underscore the pe]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 19 Apr 2024 17:00:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (April-WeekTwo-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/april-weektwo-2024</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/april-weektwo-2024" rel="alternate"/>
                        <description><![CDATA[Monday Dividend yield hunt lures BRVM investors to Onatel stock Burgeoning demand for high dividend yields drove an investor frenzy over Onatel shares on Friday with the stock price soaring by 7 24 to 2 445 FCFA 4 04 This surge comes afterOnateldelivered the highest return on theBRVM marketat 11 69 over the past year attracting investors with the highest dividend yield despite low valuation and the companys recent decline in performance Onatels robust performance led the session withSoci t G n rale CI 1 45 to 17 500 FCFA SIB 1 05 to 5 760 FCFA andBOA Niger 0 75 to 6 045 FCFA also posting gains Conversely Palmci 7 50 to 7 400 FCFA Sodeci 5 51 to 4 205 FCFA andSOGB 5 01 to 3 700 FCFA experienced the most significant declines amo]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 12 Apr 2024 17:00:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Weekly Investor Update (April-WeekOne-2024)</title>
                        <link>https://dabafinance.com/en/learn/updates/april-weekone-2024</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/april-weekone-2024" rel="alternate"/>
                        <description><![CDATA[Tuesday World Bank to provide 1 2bn budget funding for Kenya TheWorld Bankis set to greenlight 1 2 billion in budget financing forKenyaby the end of April per a Bloomberg report providing crucial funding for the East African nations efforts to reduce its dependency on commercial debt This allocation falls slightly short of the 1 5 billion initially expected by Kenyan authorities It complements previous disbursements from institutions like the International Monetary Fund and the Trade and Development Bank an African lender Kenya had designated the World Bank funds to support its budget for the fiscal year ending on June 30 amid efforts to diversify funding sources and strengthen economic stability Kenyas utilization of the develo]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 05 Apr 2024 17:00:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>i3 Program backs 29 African healthcare startups</title>
                        <link>https://dabafinance.com/en/learn/updates/i3-program-backs-29-african-healthcare-startups-fixing-the-pharma-supply-chain</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/i3-program-backs-29-african-healthcare-startups-fixing-the-pharma-supply-chain" rel="alternate"/>
                        <description><![CDATA[Highlights Investing in Innovation Africa i3 a pan African initiative for startups building the future of healthcare supply chains has announced its second cohort of 29 companies nbsp Funded by the Bill amp Melinda Gates Foundation and sponsored by Cencora Merck Sharpe amp Dohme MSD Microsoft and Chemonics i3 helps commercialize promising early and growth stage companies nbsp Selected startups receive introductions to leading potential customers in industry donor agencies and governments a 50 000 grant and tailored investment readiness support from leading accelerators Villgro Africa IMPACT Lab Startupbootcamp Afritech and CcHUB Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 22 Sep 2023 11:24:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Nigeria&amp;#8217;s currency crashes to record low</title>
                        <link>https://dabafinance.com/en/learn/updates/nigerias-currency-crashes-to-record-low</link>
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                        <description><![CDATA[Highlights The Nigerian naira plunged to a record low on the parallel market as shrinking dollar supply from the central bank forced buyers to the street for hard currency The naira was changing hands at 983 per dollar on Wednesday from 962 the previous day and 903 naira at the start of this month That s more than 20 weaker than the official rate of 776 60 naira per dollar as reported by FMDQ a Lagos based platform Source Punch Our Takeaway The new Bola Tinubu administration aimed to stabilize the exchange rate supported by the central banks]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 21 Sep 2023 11:30:40 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Ghana&amp;#8217;s economic growth slows to 1-year low</title>
                        <link>https://dabafinance.com/en/learn/updates/ghanas-economic-growth-slows-to-1-year-low</link>
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                        <description><![CDATA[Highlights Ghana s economy expanded at the slowest pace in almost a year in the second quarter as fiscal tightening and high inflation crimped output Gross domestic product grew 3 2 in the three months through June from a year earlier compared with a downwardly revised expansion of 3 3 in the previous quarter per official figures Growth in the quarter was driven by the mining agriculture health transport and information technology sectors Source Bloomberg Our Takeaway Ghana known for it]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 21 Sep 2023 11:17:37 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Fixit45 raises $1.9m for East Africa expansion</title>
                        <link>https://dabafinance.com/en/learn/updates/fixit45-raises-1-9m-for-east-africa-expansion</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/fixit45-raises-1-9m-for-east-africa-expansion" rel="alternate"/>
                        <description><![CDATA[Highlights Fixit45 a Nigerian startup that provides automotive spare parts vehicle repairs and maintenance services has secured 1 9 million in pre seed funding A mix of equity and working capital the round was backed by Launch Africa Ventures and saw participation from a diverse group of angel investors The startup plans to use the investment to scale its business in Nigeria and expand into East Africa particularly Kenya and Uganda Source Nairametrics Our Takeaway In Nigeria a country with an approximate population]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 21 Sep 2023 11:13:31 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Nigeria&amp;#8217;s crypto deals volume hit $56bn</title>
                        <link>https://dabafinance.com/en/learn/updates/nigerias-crypto-deals-volume-hit-56bn</link>
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                        <description><![CDATA[Highlights Nigeria s volume of crypto transactions experienced a 9 year over year growth surging to a total of 56 7 billion during the period spanning July 2022 to June 2023 That s according to a report by the New York based blockchain research firm Chainalysis which finds that the adoption of cryptocurrencies in Nigeria is on the rise This trend is occurring amidst the challenges faced by Africa s largest economy which include a depreciating currency and soaring inflation Source Reuters Our Takeaway In Nigeria the adop]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 20 Sep 2023 12:01:53 +0000</pubDate>
                        
                        
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                    <item>
                        <title>South Africa&amp;#8217;s inflation quickened in August</title>
                        <link>https://dabafinance.com/en/learn/updates/south-africas-inflation-quickened-in-august</link>
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                        <description><![CDATA[Highlights South Africa s inflation rate climbed in line with analysts expectations of higher water and electricity prices providing impetus for the central bank to keep interest rates high for longer The headline consumer price index for August rose 4 8 from a year earlier compared to 4 7 the prior month per data from Pretoria based Statistics South Africa That matched the median estimate of 23 economists in a Bloomberg survey and marks a reversal after slowing to the lowest level in two years in the previous month Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 20 Sep 2023 11:56:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Ghana&amp;#8217;s Complete Farmer raises $10m to scale</title>
                        <link>https://dabafinance.com/en/learn/updates/ghanas-complete-farmer-raises-10m-to-scale</link>
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                        <description><![CDATA[Highlights Agritech Complete Farmer has raised a recently concluded 10 4 million pre Series A funding round 7 million equity and 3 4 million debt nbsp The Ghanaian startup provides an end to end agricultural marketplace that connects African producers and global industries to competitive markets resources data and each other The funding involving names like Acumen Alitheia Goodwell Proparco and more will be used to scale its products forge strategic partnerships with key stakeholders bolster its team and expand domestic operations Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 20 Sep 2023 11:51:09 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Oil rally gathers momentum as Brent rises above $95 a barrel</title>
                        <link>https://dabafinance.com/en/learn/updates/oil-rally-gathers-momentum-as-brent-rises-above-95-a-barrel</link>
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                        <description><![CDATA[Highlights Oil surged to a 10 month high on Tuesday as supply cuts from OPEC tightened the market with Saudi Arabia s energy minister shying away from any change in course Global benchmark Brent topped 95 a barrel for the first time since November before paring gains The tighter market has ignited a flurry of predictions that 100 oil could soon return While this comes as good news for energy commodities dependent economies in Africa like Nigeria the extended powerful rally may rekindle inflation according to analysts Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 19 Sep 2023 11:25:14 +0000</pubDate>
                        
                        
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                    <item>
                        <title>IFC leads $5m extension round in Ivorian e-commerce ANKA</title>
                        <link>https://dabafinance.com/en/learn/updates/ifc-leads-5m-extension-round-in-ivorian-e-commerce-anka</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/ifc-leads-5m-extension-round-in-ivorian-e-commerce-anka" rel="alternate"/>
                        <description><![CDATA[Highlights ANKA an Ivorian SaaS e commerce platform for African businesses has raised 5 million from the International Finance Corporation IFC Proparco and BPI France The pre Series A extension round is a mix of equity and debt last January ANKA formerly Afrikrea raised 6 2 million nbsp The seven year old startup has secured 13 5 million from investors since its inception and will use the fresh investment to strengthen product development and expand services in its key markets Nigeria Kenya and the US Source TechCrunch]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 19 Sep 2023 11:20:08 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Morocco to host IMF, World Bank annual meetings after quake</title>
                        <link>https://dabafinance.com/en/learn/updates/morocco-to-host-imf-world-bank-annual-meetings-after-quake</link>
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                        <description><![CDATA[Highlights The International Monetary Fund and World Bank will stick with plans to hold their annual meetings in Morocco in October despite a devastating earthquake earlier this month that claimed about 3 000 lives Both organizations said an assessment concluded that the meetings scheduled for October 9 15 in Marrakech wouldn t disrupt relief and reconstruction Rather it would provide an opportunity for the international community to stand by Morocco and its people who have once again shown resilience in the face of tragedy Source CNB]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 19 Sep 2023 11:16:40 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Intra-African passenger traffic to pass global average</title>
                        <link>https://dabafinance.com/en/learn/updates/intra-african-passenger-traffic-to-pass-global-average</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/intra-african-passenger-traffic-to-pass-global-average" rel="alternate"/>
                        <description><![CDATA[Highlights US aero maker giant Boeing projects that intra African passenger traffic will more than quadruple in the next twenty years placing the continent s growth among the highest globally To support this 1 025 new airplanes will be needed over the next two decades Overall African air traffic growth is forecast at 7 4 the third highest region and above the global average growth of 6 1 Boeing included the data as part of its 2023 Commercial Market Outlook CMO the company s long term assessment of global demand for commercial airplanes and services Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 18 Sep 2023 11:11:30 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Zambia&amp;#8217;s Lupiya raises $8.25m to grow neobank business</title>
                        <link>https://dabafinance.com/en/learn/updates/zambias-lupiya-raises-8-25m-to-grow-neobank-business</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/zambias-lupiya-raises-8-25m-to-grow-neobank-business</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/zambias-lupiya-raises-8-25m-to-grow-neobank-business" rel="alternate"/>
                        <description><![CDATA[Highlights Zambian neobank Lupiya has successfully secured 8 25 million in a Series A funding round led by Alitheia IDF Fund with substantial participation from INOKS Capital SA and the German Investment Bank KfW DEG Founded in 2016 Lupiya works to bridge the financial inclusion gap by offering easy to use technology driven financial solutions to the unbanked and underbanked populations in Zambia nbsp The funding will be channeled into enhancing Lupiya s technological infrastructure expanding its range of financial products and scaling its operations to reach more customers Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 18 Sep 2023 11:07:42 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Nigeria close to getting new central bank governor</title>
                        <link>https://dabafinance.com/en/learn/updates/nigeria-close-to-getting-new-central-bank-governor</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/nigeria-close-to-getting-new-central-bank-governor" rel="alternate"/>
                        <description><![CDATA[Highlights President Bola Tinubu has nominated the former head of Citibank in Nigeria Olayemi Cardoso to serve as the country s new central bank governor days before its next interest rate meeting Cardoso would replace Godwin Emefiele who was suspended by Tinubu in June and later detained by the country s state security agency It is not clear whether Emefiele has resigned Tinubu sent Cardoso s nomination to the Senate for confirmation alongside four new deputy governors presidential spokesperson Ajuri Ngelale said Source CNBC Africa]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 18 Sep 2023 11:05:18 +0000</pubDate>
                        
                        
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                    <item>
                        <title>BVAMC companies paid nearly $31m in 2022 dividends</title>
                        <link>https://dabafinance.com/en/learn/updates/bvamc-companies-paid-nearly-31m-in-2022-dividends</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/bvamc-companies-paid-nearly-31m-in-2022-dividends</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/bvamc-companies-paid-nearly-31m-in-2022-dividends" rel="alternate"/>
                        <description><![CDATA[Highlights For the 2022 financial year companies listed on the BVMAC paid a cumulative amount of 19 billion FCFA around 31 million in dividends to shareholders BVMAC La Bourse des valeurs mobili res de lAfrique centrale is the regional stock exchange common to the CEMAC The Economic and Monetary Community of Central Africa countries Of the six companies listed in the equity compartment five rewarded their shareholders as follows Bange Bank 4 694 billion FCFA Socapalm 9 163 billion Safacam 2 479 billion La Regionale 1 499 billion and SCG Re 981 4 million Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 15 Sep 2023 13:12:56 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Uganda&amp;#8217;s Emata raises $2.4m to scale agricultural lending</title>
                        <link>https://dabafinance.com/en/learn/updates/ugandas-emata-raises-2-4m-to-scale-agricultural-lending</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/ugandas-emata-raises-2-4m-to-scale-agricultural-lending</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/ugandas-emata-raises-2-4m-to-scale-agricultural-lending" rel="alternate"/>
                        <description><![CDATA[Highlights Ugandan agritech startup Emata has raised 2 4 million in seed funding comprising 800 000 in equity and 1 6 million in on lending capital Founded in 2020 Emata offers farmers affordable digital financing In place of collateral requirements the company creates alternative credit scores based on data points like a farmer s delivery history nbsp The startup plans to use this new investment to expand its agri loan offering across East Africa both within its debut market of Uganda and via international expansion focusing on its core dairy and coffee markets Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 15 Sep 2023 13:00:04 +0000</pubDate>
                        
                        
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                        <title>African central banks set to hold rates as currency risks weigh</title>
                        <link>https://dabafinance.com/en/learn/updates/african-central-banks-set-to-hold-rates-as-currency-risks-weigh</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/african-central-banks-set-to-hold-rates-as-currency-risks-weigh" rel="alternate"/>
                        <description><![CDATA[Highlights African central banks meeting in the next three weeks are mostly set to hold interest rates while leaving hikes on the table This according to Bloomberg comes amid risks to their currencies from higher borrowing costs in advanced economies and their own domestic challenges The flurry of decisions from the monetary authorities will likely see South Africa Egypt Morocco and Ghana keep rates steady Nigeria Angola and Kenya are expected to confront currency weakness by lifting borrowing costs Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 15 Sep 2023 12:57:17 +0000</pubDate>
                        
                        
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                        <title>IFC backs fund investing in West, Central African SMEs</title>
                        <link>https://dabafinance.com/en/learn/updates/ifc-backs-fund-investing-in-west-central-african-smes</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/ifc-backs-fund-investing-in-west-central-african-smes</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/ifc-backs-fund-investing-in-west-central-african-smes" rel="alternate"/>
                        <description><![CDATA[Highlights The International Finance Corporation has made an equity investment of up to 16 million in Joliba Fund I managed by Abidjan based private equity firm Joliba Capital The investment is meant to support the growth of small and medium sized enterprises in Francophone West and Central Africa one of the most underserved private equity markets in the world The support includes an equity investment from IFCs SME Ventures program and funding from the Blended Finance Facility of the International Development Associations Private Sector Window which helps de risk investments in low income countries Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 14 Sep 2023 10:59:00 +0000</pubDate>
                        
                        
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                        <title>Nigeria-based Mecho Autotech raises $2.4m pre-Series A</title>
                        <link>https://dabafinance.com/en/learn/updates/nigeria-based-mecho-autotech-raises-2-4m-pre-series-a</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/nigeria-based-mecho-autotech-raises-2-4m-pre-series-a</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/nigeria-based-mecho-autotech-raises-2-4m-pre-series-a" rel="alternate"/>
                        <description><![CDATA[Highlights Mecho Autotech a startup offering automotive spare parts vehicle repairs and maintenance services has raised a 2 4 million pre Series A round nbsp The firm targets the Nigerian market where 90 of the country s more than 12 million registered cars mainly used require regular maintenance to avoid recurring breakdowns With the latest funding the startup plans to double down on the wholesale distribution of its after sales spare parts value chain with its current pre Series A investment Source TechCrunch]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 14 Sep 2023 10:54:11 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Ghana inflation&amp;#8217;s slowdown eases pressure for rate hike</title>
                        <link>https://dabafinance.com/en/learn/updates/ghana-inflations-slowdown-eases-pressure-for-rate-hike</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/ghana-inflations-slowdown-eases-pressure-for-rate-hike</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/ghana-inflations-slowdown-eases-pressure-for-rate-hike" rel="alternate"/>
                        <description><![CDATA[Highlights Ghana s inflation rate declined unexpectedly in August to a 10 month low easing pressure on the central bank to keep raising borrowing costs Annual inflation moderated to 40 1 from 43 1 in July the slowest rate of change since October per Government Statistician Samuel Kobina Annim nbsp The apex bank has so far focused on keeping inflation under control In July it raised the key lending rate to 30 to combat surging inflation which stood at 42 5 at the time Source Bloomberg]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 14 Sep 2023 10:51:01 +0000</pubDate>
                        
                        
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                        <title>Kenyan fintech Lipa Later secures $5m debt funding for expansion</title>
                        <link>https://dabafinance.com/en/learn/updates/kenyan-fintech-lipa-later-secures-5m-debt-funding-for-expansion</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/kenyan-fintech-lipa-later-secures-5m-debt-funding-for-expansion</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/kenyan-fintech-lipa-later-secures-5m-debt-funding-for-expansion" rel="alternate"/>
                        <description><![CDATA[Highlights Lipa Later a Kenyan startup that provides buy now pay later services has secured 5 million in a privately placed debt issuance for its growth and expansion plans This raise was supported by Rubicon Landing a transaction advisory firm acting as the transaction advisor and KN Law as the Legal Advisors The fintech startup also disclosed that it plans to raise 20 million in both equity and debt to spur our growth further as we work towards unlocking a 500 billion financial inclusion opportunity in urban Africa Source BenjaminDada]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 13 Sep 2023 11:48:48 +0000</pubDate>
                        
                        
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                        <title>Regional bourse BRVM crosses historic level after market rally</title>
                        <link>https://dabafinance.com/en/learn/updates/regional-bourse-brvm-crosses-historic-level-after-market-rally</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/regional-bourse-brvm-crosses-historic-level-after-market-rally</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/regional-bourse-brvm-crosses-historic-level-after-market-rally" rel="alternate"/>
                        <description><![CDATA[Highlights One of Africa s two regional stock exchanges the Bourse R gionale des Valeurs Mobili res SA or BRVM crossed the threshold of 8 000 billion FCFA for the first time ever on Tuesday The positive rally was driven by impressive financial results posted by major firms listed on the bourse including Societe Generale CI and Ecobank CI both of whose share prices rose 5 71 and 7 32 respectively after the announcements In a similar fashion major market indices the BRVMComposite BRVM30 and BRVMPrestige all posted gains of 1 22 1 28 and 1 74 respectively Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 13 Sep 2023 11:45:50 +0000</pubDate>
                        
                        
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                        <title>Telcos, banks among the highest dividend-paying firms in Nigeria</title>
                        <link>https://dabafinance.com/en/learn/updates/telcos-banks-among-the-highest-dividend-paying-firms-in-nigeria</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/telcos-banks-among-the-highest-dividend-paying-firms-in-nigeria" rel="alternate"/>
                        <description><![CDATA[Highlights In 2022 71 companies in Nigeria from different industries like banking telecom and consumer goods gave out a total of over N1 5 trillion 1 6 billion as dividends Some of the top companies on this list were Dangote Cement MTN Nigeria Zenith Bank Plc and others This shows that investing in the Nigerian stock market can be a good way to make money as it offers both regular income and the potential for your investment to grow over time Source African Markets]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 13 Sep 2023 11:42:51 +0000</pubDate>
                        
                        
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                        <title>Egyptian fintech Yalla expand into Saudi Arabia</title>
                        <link>https://dabafinance.com/en/learn/updates/egyptian-fintech-yalla-expand-into-saudi-arabia</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/egyptian-fintech-yalla-expand-into-saudi-arabia</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/egyptian-fintech-yalla-expand-into-saudi-arabia" rel="alternate"/>
                        <description><![CDATA[Highlights Egyptian fintech startup Yalla has signed several agreements with major financial companies and institutions including Alinma Bank and Digital Pay which will see it expand operations into Saudi Arabia Yalla is a financial super app for all daily financial and non financial needs which allows users to send and receive money pay merchants online and offline and place orders The startup has so far garnered approximately two million users with over seven million transactions processed through the app Source Disrupt Africa]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 12 Sep 2023 11:16:07 +0000</pubDate>
                        
                        
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                        <title>Jay Z, Jack Dorsey-backed firm acquires Nigeria&amp;#8217;s Qala</title>
                        <link>https://dabafinance.com/en/learn/updates/jay-z-jack-dorsey-backed-firm-acquires-nigerias-qala</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/jay-z-jack-dorsey-backed-firm-acquires-nigerias-qala</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/jay-z-jack-dorsey-backed-firm-acquires-nigerias-qala" rel="alternate"/>
                        <description><![CDATA[Highlights trust a non profit organization funded by Block CEO Jack Dorsey and rapper Jay Z to decentralize the development of Bitcoin software has announced its acquisition of Qala Qala founded in 2021 sources trains and matches African software developers and engineers with leading Bitcoin companies from across the world The deal which was completed this month will see Qala rebrand as the trust Builders Programme to strengthen Trust s mission to drive the development and education of Bitcoin open source engineers from across the Global South nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 12 Sep 2023 11:13:52 +0000</pubDate>
                        
                        
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                        <title>Ghanaian equities rebound to become third best in Africa</title>
                        <link>https://dabafinance.com/en/learn/updates/ghanaian-equities-rebound-to-become-third-best-in-africa</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/ghanaian-equities-rebound-to-become-third-best-in-africa</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/ghanaian-equities-rebound-to-become-third-best-in-africa" rel="alternate"/>
                        <description><![CDATA[Highlights The Ghana Stock Exchange GSE has shown a remarkable improvement in its performance from the beginning of 2023 to the end of August ranking as the third best performing stock market in Africa The Composite Index GSE CI experienced a substantial rally reaching 3 084 79 points during this period marking a 26 22 surge The market capitalization surpassed GH 73billion 6 4 billion This places the GSE just behind Nigeria and Egypt and represents a significant shift from the situation at the close of 2022 when the local market was the worst performer in the region Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 12 Sep 2023 11:10:35 +0000</pubDate>
                        
                        
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                    <item>
                        <title>South Africa&amp;#8217;s inflation is anticipated to slow down</title>
                        <link>https://dabafinance.com/en/learn/updates/south-africas-inflation-is-anticipated-to-slow-down</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/south-africas-inflation-is-anticipated-to-slow-down</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/south-africas-inflation-is-anticipated-to-slow-down" rel="alternate"/>
                        <description><![CDATA[Highlights South African inflation expectations declined for the first time in two years suggesting price pressures have peaked and the central bank will be able to keep interest rates on hold Average inflation expectations for this year fell to 6 1 in the third quarter from 6 5 previously according to a survey released on Monday by the Stellenbosch based Bureau for Economic Research nbsp The rate of price growth for 2024 is now seen declining to 5 5 from 5 9 and to 5 3 from 5 6 in 2025 according to participants in the poll of analysts business people labor unions and households Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 11 Sep 2023 13:36:27 +0000</pubDate>
                        
                        
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                        <title>Africa&amp;#8217;s biggest startup Flutterwave expands to India</title>
                        <link>https://dabafinance.com/en/learn/updates/africas-biggest-startup-flutterwave-expands-to-india</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/africas-biggest-startup-flutterwave-expands-to-india</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/africas-biggest-startup-flutterwave-expands-to-india" rel="alternate"/>
                        <description><![CDATA[Highlights Flutterwave is expanding its remittance product Send App into India after partnering with IndusInd an Indian bank with around 35 million customers nbsp The partnership will allow Flutterwave which is present in 30 African countries to send money from the 5th largest economy in the world to the African continent nbsp The expansion comes weeks after the startup CEO said it would forge ahead with its IPO plans Since June it has onboarded several new international partners and widened its market base Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 11 Sep 2023 13:34:30 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Wetility raises $48m to expand solar energy product</title>
                        <link>https://dabafinance.com/en/learn/updates/wetility-raises-48m-to-expand-solar-energy-product</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/wetility-raises-48m-to-expand-solar-energy-product</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/wetility-raises-48m-to-expand-solar-energy-product" rel="alternate"/>
                        <description><![CDATA[Highlights South African solar energy startup Wetility has raised 48 million in a funding round comprising convertible debt and commercial loans from lenders including Sanlam large commercial and development banks and equity nbsp Founded in 2019 Wetility s flagship product is an all encompassing digital solar energy management system that allows users to remotely manage power usage The funds will reportedly be used to accelerate expansion plans and grow its customer base Wetility states that it aims to grow from a 1 5 million business to a 142 million business by 2026 Source Tec]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 11 Sep 2023 13:32:02 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Ethiopia edges closer to adopting digital national IDs</title>
                        <link>https://dabafinance.com/en/learn/updates/ethiopia-edges-closer-to-adopting-digital-national-ids</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/ethiopia-edges-closer-to-adopting-digital-national-ids</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/ethiopia-edges-closer-to-adopting-digital-national-ids" rel="alternate"/>
                        <description><![CDATA[Highlights Ethiopia has taken steps towards adopting digital IDs after it picked Madras Security Printers Private Limited as its partner for printing the documents nbsp The company presented a bid worth 300 000 and is set to produce 1 million digital IDs also known as Fayda The firm is set to produce pre customised cards as part of the contract nbsp These digital identity documents will include biometric information which will authenticate Ethiopians to access various public services and verify their identity when opening new bank accounts Source TechCabal]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 08 Sep 2023 13:33:22 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Nigeria&amp;#8217;s weaker reserves highlight external risk challenges</title>
                        <link>https://dabafinance.com/en/learn/updates/nigerias-weaker-reserves-highlight-external-risk-challenges</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/nigerias-weaker-reserves-highlight-external-risk-challenges" rel="alternate"/>
                        <description><![CDATA[Highlights New figures released by the Central Bank of Nigeria CBN showing the country s weaker net international reserve position points to external risks for Africas biggest economy according to global credit rating agency Fitch Ratings nbsp However recent reforms such as exchange rate liberalization and improvements in the overall monetary policy framework could strengthen Nigerias credit profile by easing foreign currency supply constraints Fitch also welcomed the increased transparency by the central bank which released its audited financial statements for the first time in seven years covering the period between 2016 2022 nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 08 Sep 2023 13:30:15 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Showmax battles Netflix and Amazon over African streamers</title>
                        <link>https://dabafinance.com/en/learn/updates/showmax-battles-netflix-and-amazon-over-african-streamers</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/showmax-battles-netflix-and-amazon-over-african-streamers</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/showmax-battles-netflix-and-amazon-over-african-streamers" rel="alternate"/>
                        <description><![CDATA[Highlights The battle for streaming in Africa is turning into a three horse race as key players ramp up investment in local content tap top talent and enhance viewer experiences Data from Digital TV Research puts Netflix in the lead with a projected 7 4 million subscribers In second place is MultiChoice owned Showmax with 4 4 million subscribers followed by Amazon Prime Video with 3 14 million viewers By 2029 Africa will add 10 million new subscribers pushing video on demand subscriptions to 18 million While Netflix is nearly doubling its subscriber base Showmax is expected to more than triple Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 08 Sep 2023 13:27:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>West Africa Central Bank raises rate following Niger coup</title>
                        <link>https://dabafinance.com/en/learn/updates/west-africa-central-bank-raises-rate-following-nige-coup</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/west-africa-central-bank-raises-rate-following-nige-coup</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/west-africa-central-bank-raises-rate-following-nige-coup" rel="alternate"/>
                        <description><![CDATA[Highlights West Africa s Central Bank BCEAO hiked its main lending rate on Wednesday in the wake of another military coup that has rocked the region and caused trade blocks between countries In Niger the central bank s member state a military junta seized power on July 26 in the seventh military takeover since 2020 in West and Central Africa The bank will raise the rate by 25 basis points to 3 25 from September 16 against a backdrop of growing regional uncertainty and persistent inflationary pressures Source CNBC]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 07 Sep 2023 13:09:48 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Catalyst marks initial close of $40m Africa climate fund</title>
                        <link>https://dabafinance.com/en/learn/updates/catalyst-marks-initial-close-of-40m-africa-climate-fund</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/catalyst-marks-initial-close-of-40m-africa-climate-fund</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/catalyst-marks-initial-close-of-40m-africa-climate-fund" rel="alternate"/>
                        <description><![CDATA[Highlights Catalyst Fund a pre seed VC fund and accelerator focused on driving climate resilience innovation in Africa has announced the successful first close of its targeted 40 million fund with over 20 committed The fund aims to support 40 pre seed startups building solutions that can enable communities to better prepare for and manage shocks adapt livelihoods to climate impacts and build long term resilience nbsp With support from JPMorgan Chase amp Co and the Global Environmental Facility Catalyst Fund also works to provide impact measurement and research support to climate innovators and enable partnerships via its Ecosystem Hub Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 07 Sep 2023 13:06:55 +0000</pubDate>
                        
                        
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                    <item>
                        <title>G20 agrees to grant permanent membership to African Union</title>
                        <link>https://dabafinance.com/en/learn/updates/g20-agrees-to-grant-permanent-membership-to-african-union</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/g20-agrees-to-grant-permanent-membership-to-african-union" rel="alternate"/>
                        <description><![CDATA[Highlights The G20 grouping of nations has agreed to grant permanent membership to the African Union Bloomberg News said on Thursday citing people familiar with the matter The move would give the African Union a continental body of 55 member states the same status as the EU from its current designation of invited international organization Countries like India Germany Brazil and Canada have also expressed their support for African Union membership to the G20 Source Bloomberg]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 07 Sep 2023 13:04:48 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Volvo Group to start exporting electric buses from Egypt</title>
                        <link>https://dabafinance.com/en/learn/updates/volvo-group-to-start-exporting-electric-buses-from-egypt</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/volvo-group-to-start-exporting-electric-buses-from-egypt</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/volvo-group-to-start-exporting-electric-buses-from-egypt" rel="alternate"/>
                        <description><![CDATA[Highlights Swedish transport solutions giant Volvo has signed an agreement with Egyptian bus manufacturer MCV to make electric buses in Egypt for export to Europe Nearly 50 of the components would be sourced locally the two companies said as part of efforts to enhance domestic assembly and manufacturing capabilities in the North African country nbsp The project is expected to contribute to the localization of the electric bus industry in Egypt and align with the government s auto industry development ambitions Source Zawy]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 06 Sep 2023 13:33:50 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Itana raises $2m to build Africas first digital zone</title>
                        <link>https://dabafinance.com/en/learn/updates/itana-raises-2m-to-build-africas-first-digital-zone</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/itana-raises-2m-to-build-africas-first-digital-zone</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/itana-raises-2m-to-build-africas-first-digital-zone" rel="alternate"/>
                        <description><![CDATA[Highlights Talent City now known as Itana a charter city being built in Nigeria has raised a 2 million pre seed money it intends to use to establish a digital free zone Itana envisioned as a fully online jurisdiction for the digital economy with the ideal policies business services and technology for businesses to remotely operate and scale with ease across Africa is primed to be the continent s first digital free zone The funding will support the startup s efforts to improve Nigeria s ease of doing business index drive foreign direct investment FDI and catalyze employment in Nigeria Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 06 Sep 2023 13:31:35 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Amazons new satallite internet to rival Starlink in Africa</title>
                        <link>https://dabafinance.com/en/learn/updates/amazons-new-satallite-internet-to-rival-starlink-in-africa</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/amazons-new-satallite-internet-to-rival-starlink-in-africa</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/amazons-new-satallite-internet-to-rival-starlink-in-africa" rel="alternate"/>
                        <description><![CDATA[Highlights Vodafone and Project Kuiper Amazon s Low Earth Orbit satellite LEO communications initiative have partnered to use Project Kuiper s network to extend the reach of 4G 5G services to more of their customers in Europe and Africa Project Kuiper claims to connect geographically dispersed cellular antennas back to the companies core telecom networks Both parties will begin deploying services in Africa and Europe as Amazons production satellites come online That means Vodafone and Vodacom will be able to offer 4G 5G services in more locations without the time and expense of building out fiber based or fixed wireless links back to the core networks Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 06 Sep 2023 13:29:26 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Nigerian benchmark stock index rises to more than 20-year high</title>
                        <link>https://dabafinance.com/en/learn/updates/nigerian-benchmark-stock-index-rises-to-more-than-20-year-high</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/nigerian-benchmark-stock-index-rises-to-more-than-20-year-high</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/nigerian-benchmark-stock-index-rises-to-more-than-20-year-high" rel="alternate"/>
                        <description><![CDATA[Highlights Nigerian stocks rose to a more than 20 year high on Monday owing to positive sentiments over new President Bola Tinubus reforms and after the government mooted joining the G20 bloc of major economies The All Share Index NGX ASI climbed 1 1 to close at 68 279 14 points taking gains this year to 31 76 and surpassing a 2008 peak of 66 286 58 points Sentiment has improved on the bourse after Tinubu initiated Nigerias boldest reforms in decades aimed at attracting foreign investors who fled due to currency controls introduced in 2016 to tackle shocks caused by previously low oil prices Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 05 Sep 2023 13:47:09 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Kotani gets $2m to help Africans send money home via crypto</title>
                        <link>https://dabafinance.com/en/learn/updates/kotani-gets-2m-to-help-africans-send-money-home-via-crypto</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/kotani-gets-2m-to-help-africans-send-money-home-via-crypto</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/kotani-gets-2m-to-help-africans-send-money-home-via-crypto" rel="alternate"/>
                        <description><![CDATA[Highlights Nairobi based Kotani Pay has closed a 2 million pre seed funding round led by P1 Ventures with participation from a nbsp number of investors The two year old crypto payments startup has a vision to make cross border remittances easier for the large underbanked populations in Africa Kotani is targeting a use case that concerns the livelihood of hundreds of millions of people including in Kenya Ghana Zambia and South Africa and plans further expansion into Rwanda Senegal Ivory Coast Tanzania and Nigeria Source TechCrunch]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 05 Sep 2023 13:44:55 +0000</pubDate>
                        
                        
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                    <item>
                        <title>UAE pledges $4.5bn to finance climate projects in Africa</title>
                        <link>https://dabafinance.com/en/learn/updates/uae-pledges-4-5bn-to-finance-climate-projects-in-africa</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/uae-pledges-4-5bn-to-finance-climate-projects-in-africa</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/uae-pledges-4-5bn-to-finance-climate-projects-in-africa" rel="alternate"/>
                        <description><![CDATA[Highlights The United Arab Emirates UAE the host of this year s United Nations climate summit has pledged 4 5 billion to help African nations accelerate clean energy projects The announcement came at the inaugural Africa Climate Summit held in Nairobi An initiative to boost Africa s carbon credit production 19 fold by 2030 also drew hundreds of millions of dollars of pledges In one of the reported deals the UAE committed to buying 450 million of carbon credits from the Africa Carbon Markets Initiative ACMI Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 05 Sep 2023 13:41:36 +0000</pubDate>
                        
                        
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                        <title>Airtel Uganda sweetens IPO with free shares offer</title>
                        <link>https://dabafinance.com/en/learn/updates/airtel-uganda-sweetens-ipo-with-free-shares-offer</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/airtel-uganda-sweetens-ipo-with-free-shares-offer</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/airtel-uganda-sweetens-ipo-with-free-shares-offer" rel="alternate"/>
                        <description><![CDATA[Highlights Airtel Uganda will offer free shares to investors participating in its 216 million initial public offer IPO which opened on Wednesday The firm is floating 8 billion shares The offer which is also open to Kenyan investors will see the incentive shares issued to qualifying investors on a pro rated basis with higher application volumes guaranteeing one more free share Retail investors in the IPO will receive between five and 20 free shares per 100 bought while professional investors will get between 10 and 37 5 units per 100 purchased The incentive shares effectively represent a discount on the purchase price which has been set at USh100 Sh3 91 per share So]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 04 Sep 2023 13:27:52 +0000</pubDate>
                        
                        
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                        <title>Anchor raises $2.4m to expand product offerings</title>
                        <link>https://dabafinance.com/en/learn/updates/anchor-raises-2-4m-to-expand-product-offerings</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/anchor-raises-2-4m-to-expand-product-offerings</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/anchor-raises-2-4m-to-expand-product-offerings" rel="alternate"/>
                        <description><![CDATA[Highlights Anchor a Nigerian banking as a service BaaS provider has raised 2 4 million in a seed investment round led by Justin Kan s Goat Capital The funding also saw participation from FoundersX Rebel Fund and some existing investors including Y Combinator and Byld Ventures nbsp The fintech emerged from stealth a year ago with over 1 million in pre seed funding and now plans to double down on its suite of product offerings Source TechCrunch Our Takeaway]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 04 Sep 2023 13:25:28 +0000</pubDate>
                        
                        
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                        <title>Nigerias crude oil, condensate output hit 1.67m bpd</title>
                        <link>https://dabafinance.com/en/learn/updates/nigerias-crude-oil-condensate-output-hit-1-67-bpd</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/nigerias-crude-oil-condensate-output-hit-1-67-bpd</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/nigerias-crude-oil-condensate-output-hit-1-67-bpd" rel="alternate"/>
                        <description><![CDATA[Highlights Total crude oil production including condensates in Nigeria rose to a notable 1 67 million barrels per day bpd as of August 30 the highest level in at least a year That s according to Mele Kyari the Group CEO of the Nigerian National Petroleum Company NNPC the state owned company in charge of managing the oil industry As of April Nigeria produced less than a million barrels losing its place as Africa s largest oil producer to Angola But the oil dependent economy has since seen a turnaround regaining its top spot in May with 1 184 million bpd produced before ramping up further to current levels Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 04 Sep 2023 13:22:39 +0000</pubDate>
                        
                        
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                        <title>Gabon military junta to swear in transitional leader after coup</title>
                        <link>https://dabafinance.com/en/learn/updates/gabon-military-junta-to-swear-in-transitional-leader-after-coup</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/gabon-military-junta-to-swear-in-transitional-leader-after-coup</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/gabon-military-junta-to-swear-in-transitional-leader-after-coup" rel="alternate"/>
                        <description><![CDATA[Highlights Gabon will swear in General Brice Nguema as transitional president on September 4 as the country s junta decided to re establish the Constitutional Court on a temporary basis The junta appointed the head of the republican guard as transitional president on Wednesday hours after seizing power in the OPEC member nbsp The process will lead to a gradual set up of transitional institutions a military spokesman said in the capital Libreville on Thursday evening Source Bloomberg]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 01 Sep 2023 13:26:46 +0000</pubDate>
                        
                        
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                    <item>
                        <title>European VC names new partner to back climate startups in Africa</title>
                        <link>https://dabafinance.com/en/learn/updates/european-vc-names-new-partner-to-back-climate-startups-in-africa</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/european-vc-names-new-partner-to-back-climate-startups-in-africa</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/european-vc-names-new-partner-to-back-climate-startups-in-africa" rel="alternate"/>
                        <description><![CDATA[Highlights Europe based climate tech VC Satgana has appointed Anil Maguru formerly an investment director at the firm as its newest partner Satgana which emerged out of stealth last year invests in climate startups in Europe and Africa Maguru joined the VC firm at inception three years ago and at 28 he becomes one of the youngest VC partners in Europe and among the less than 10 Black fund managers in the world nbsp He also previously worked at a Paris based family office where he was in charge of investing and managing a 20 million portfolio including private equity venture capital real assets and philanthropy Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 01 Sep 2023 13:23:20 +0000</pubDate>
                        
                        
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                    <item>
                        <title>India wants to expand its Unified Payments Interface to Africa</title>
                        <link>https://dabafinance.com/en/learn/updates/india-wants-to-expand-its-unified-payments-interface-to-africa</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/india-wants-to-expand-its-unified-payments-interface-to-africa</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/india-wants-to-expand-its-unified-payments-interface-to-africa" rel="alternate"/>
                        <description><![CDATA[Highlights The Indian government is planning to expand its Unified Payments Interface UPI in Africa through commercial partnerships between payment platforms nbsp UPI is a system that powers multiple bank accounts into a single mobile application of any participating bank merging several banking features seamless fund routing amp merchant payments into one hood According to Mint an Indian business publication the government is in talks with several African countries including Namibia Mozambique and Kenya Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 01 Sep 2023 13:21:20 +0000</pubDate>
                        
                        
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                        <title>Softbank backs Africa-focused AMEA power with $75m</title>
                        <link>https://dabafinance.com/en/learn/updates/softbank-backs-africa-focused-amea-power-with-75m</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/softbank-backs-africa-focused-amea-power-with-75m</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/softbank-backs-africa-focused-amea-power-with-75m" rel="alternate"/>
                        <description><![CDATA[Highlights AMEA Power one of the fastest growing renewable energy developers in Africa has signed a 75 million equity funding round from Japanese investment holding company SoftBank Group Corp Founded in 2016 AMEA Power has assembled a world class team of industry experts to deliver projects across Africa the Middle East and other emerging markets This represents AMEA Power s first external equity funding following years of being privately funded by its founding shareholders The funding will allow AMEA Power and SBG to explore a mutual partnership which will lead to maximizing the value creation of AMEA Power mainly in the AMEA region Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 31 Aug 2023 13:21:33 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Uber rolls out Africa-first electric bike fleet in Kenya</title>
                        <link>https://dabafinance.com/en/learn/updates/uber-rolls-out-africa-first-electric-bike-fleet-in-kenya</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/uber-rolls-out-africa-first-electric-bike-fleet-in-kenya</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/uber-rolls-out-africa-first-electric-bike-fleet-in-kenya" rel="alternate"/>
                        <description><![CDATA[Highlights Ride hailing firm Uber has launched an electric motorbike service in Kenya its first in Africa as the company seeks to make its global platform emissions free by 2040 The rollout in Kenya is expected to be followed later this year in Nigeria Ivory Coast Ghana Uganda Tanzania and South Africa Uber s new green product in Kenya dubbed Electric Boda in a nod to the Swahili term for motorbike taxis will comprise 3 000 bikes within six months or just under a fifth of its fleet Source Reuters]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 31 Aug 2023 13:19:11 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Egypt property market to draw $120bn from Mideast investors</title>
                        <link>https://dabafinance.com/en/learn/updates/egypt-property-market-to-draw-120bn-from-mideast-investors</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/egypt-property-market-to-draw-120bn-from-mideast-investors</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/egypt-property-market-to-draw-120bn-from-mideast-investors" rel="alternate"/>
                        <description><![CDATA[Highlights The Middle East sovereign wealth funds have plans to inject up to 120 billion into Egypt thus indicating their strong confidence in the countrys market growth according to a report by Knight Frank MENA a global real estate consultancy Amidst the post pandemic landscape a revitalized global interest in Africa has emerged underscored by significant investment commitments from major players The report spotlights Egypt s real estate market particularly Cairo as an outstanding prospect for investment The vibrant city of Cairo alone is home to over 20 million people making it a bustling metropolis nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 31 Aug 2023 13:16:35 +0000</pubDate>
                        
                        
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                        <title>Investors update: August 30 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-30-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-30-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-30-2023" rel="alternate"/>
                        <description><![CDATA[Airtel Uganda seeks over 200m in IPO Highlights Airtel Uganda aims to raise 800 billion Ugandan shillings 216 million by selling a 20 stake to drive its expansion plans per the firm s initial public offering IPO plan When the listing is completed Airtel will be the second listed telecoms operator on Uganda s stock exchange after MTN Uganda majority owned by South Africa s MTN Group which was listed in December 2021 The company expects to pay dividends of 500 billion Ugandan shillings in 2023 and will target a dividend payout ratio of 95 of retained earnings or net profit after tax whichever is higher Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 30 Aug 2023 13:20:02 +0000</pubDate>
                        
                        
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                        <title>Investors update: August 29 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-29-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-29-2023" rel="alternate"/>
                        <description><![CDATA[E commerce users in Africa to exceed 500m by 2025 Highlights By 2025 half a billion people in Africa will be e commerce users per data from the International Trade Administration nbsp Also UNCTAD expects digital commerce to add 180 billion to the region s GDP by the same year This growth is driven by the expansion of the mobile internet nbsp GSMA expects 61 of connections in Africa to be on smartphones by 2025 33 on 4G The growing adoption of digital financial services primarily mobile money is also contributing to e commerce growth Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 29 Aug 2023 13:08:55 +0000</pubDate>
                        
                        
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                        <title>Investors update: August 28 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-28-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-28-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-28-2023" rel="alternate"/>
                        <description><![CDATA[Network International invests 32m to expand Egypt operations nbsp Highlights Network International an e payment solutions provider across the Middle East and Africa MEA has pumped 32 million in investments to ramp up digital payment solutions in Egypt A large part of the investment will be allocated to acquiring installing and maintaining about 100 000 advanced Point of Sale POS machines The rest of the investment will be directed to the implementation and smooth operation of Network One the company s payments technology platform Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 28 Aug 2023 13:24:22 +0000</pubDate>
                        
                        
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                        <title>Investors update: August 25 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-25-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-25-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-25-2023" rel="alternate"/>
                        <description><![CDATA[Remittance fintech startup LemFi raises 33m Highlights A fintech startup looking to transform financial services for immigrants LemFi has raised a 33 million Series A round led by Left Lane Capital nbsp The startup offers international transfers at relatively inexpensive exchange rates with zero fees on transfers or account maintenance With the conclusion of its latest investment round the company said it would seek to expand its product offering to the United States Europe the Middle East and Asia as well as innovate new product offerings according to the needs of its users nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 25 Aug 2023 12:52:18 +0000</pubDate>
                        
                        
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                        <title>Investors update: August 24 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-24-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-24-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-24-2023" rel="alternate"/>
                        <description><![CDATA[Endeavor Egypt s new scale up program to back startups Highlights Cairo based enabler Endeavor Egypt has launched XceleRise a scale up program to aid access to capital and market expansion for all startups that promote sustainability in partnership with GIZ Egypt The 15 month program is designed to equip entrepreneurs with industry knowledge market insights and connections necessary to scale their operations internationally and raise capital Founded in 2008 Endeavor Egypt is the local arm of the global entrepreneurship movement Endeavor which aims to drive sustainable economic development by supporting local entrepreneurs]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 24 Aug 2023 13:22:15 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 23 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-23-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-23-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-23-2023" rel="alternate"/>
                        <description><![CDATA[Private equity AIIM invests 90m in new pan African data center Highlights African Infrastructure Investment Managers AIIM is working with N ONE Data Centers an African data center owner and operator to develop a new data center and cloud services platform with a short term target capacity of 40 MW AIIM will be contributing an initial 90 million of growth equity through its latest pan African infrastructure fund African Infrastructure Investment Fund 4 The platform will focus on the development of hyper scale and wholesale carrier neutral facilities to provide solutions to enterprise government and hyper scale customers across the continent]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 23 Aug 2023 13:27:16 +0000</pubDate>
                        
                        
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                        <title>Investors update: August 22 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-22-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-22-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-22-2023" rel="alternate"/>
                        <description><![CDATA[Africa s largest startup Flutterwave proceeds with IPO plans Highlights Flutterwave Inc Africa s largest startup valued at 3 billion is pressing ahead with plans for an initial public offering This comes after the company made headway in resolving allegations of financial impropriety in Kenya so that it can access more and bigger international partners Olugbenga Agboola CEO and co founder of the pan African payments company revealed that Flutterwave has won approval for the first step in securing the right to operate in Kenya a key African market Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 22 Aug 2023 12:39:35 +0000</pubDate>
                        
                        
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                        <title>Investors update: August 21 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-21-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-21-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-21-2023" rel="alternate"/>
                        <description><![CDATA[Zanifu raises 11 2m to provide SME financing in Kenya Highlights Zanifu a Kenyan fintech providing inventory financing to micro small and medium sized businesses has raised 11 2 million in hybrid debt and equity funding in a pre Series A round led by Beyond Capital Ventures and Variant Investments nbsp Founders Factory Africa AAIC Investment Google Black Founders Fund and existing investor Launch Africa also participated in the round nbsp This brings the total debt equity funding raised by the startup to 12 7 million The fintech provides inventory credit to retailers and the new funding will enable it to expand the solution to distributo]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 21 Aug 2023 13:13:22 +0000</pubDate>
                        
                        
                    </item>
                

                    <item>
                        <title>Investors update: August 18 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-18-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-18-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-18-2023" rel="alternate"/>
                        <description><![CDATA[Africa s biggest bank posts record profit as economies recover Highlights Standard Bank Group Africa s biggest bank by assets reported a record pretax profit in the first half of 2023 driven by a recovery in sub Saharan economies that helped the lender shake off the gloomy outlook in its home market of South Africa Profit attributable to ordinary shareholders climbed 36 to 1 1 billion for the six months through June fueled by gains in Ghana Kenya Mozambique Nigeria Uganda and Zimbabwe As part of its optimistic outlook the Johannesburg headquartered lender expects revenue growth to beat the rate of cost increases]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 18 Aug 2023 12:25:56 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 17 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-17-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-17-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-17-2023" rel="alternate"/>
                        <description><![CDATA[Morocco to invest up to 60bn in green hydrogen projects Highlights Morocco plans to pump billions of dollars into new green hydrogen and ammonia projects in the next few years as part of an investment drive in renewable energy and related sectors Nearly 93 of the value of around 60 billion of the 454 planned projects will cover green hydrogen and ammonia per a report by the Moroccan Economy and Finance Ministry The report published by the Moroccan Arabic language daily Hespress on Thursday showed the government has already allocated 1 5 million hectares 3 7 billion square meters for such projects in various parts of Morocco]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 17 Aug 2023 13:36:35 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 16 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-16-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-16-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-16-2023" rel="alternate"/>
                        <description><![CDATA[Singapore s Antler launches 60m fund for startups in North Africa others Highlights Singapore based VC firm Antler has launched a 60 million Middle East North Africa and Pakistan Menap focused fund to invest in the region s entrepreneurial ecosystem with Jonathan Doerr and Romain Assun o as partners of the fund nbsp The early stage fund will also offer co founder matching personalized coaching access to a local and global network of founders and advisors Menap ecosystem expertise day zero investment and support with follow on funding Antler portfolio companies include Airalo an eSIM services provider that recently raised a 60 million Seri]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 16 Aug 2023 12:48:58 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 15, 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-15-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-15-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-15-2023" rel="alternate"/>
                        <description><![CDATA[Founders Factory secures nbsp 114m to back African startups Highlights Founders Factory Africa has secured 114 million in funding to scale its model across the African tech ecosystem nbsp The additional funding comes from the Mastercard Foundation and Johnson amp Johnson Impact Ventures an impact fund within the Johnson amp Johnson Foundation and follows on from previous investments by Standard Bank the Small Foundation and Netcare The studio says it will use this funding to become sector agnostic address gender imbalances in the ecosystem broaden its capital investment offering to include non dilutive capital and strengthen internal capac]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 15 Aug 2023 13:29:37 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 14 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-14-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-14-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-14-2023" rel="alternate"/>
                        <description><![CDATA[Mastercard to buy stake in MTN s 5 2bn fintech unit Highlights MTN Group Africa s biggest wireless carrier has agreed to sell a minority stake in its 5 2 billion financial technology business to Mastercard The deal will be structured in two parts including a commercial agreement on payments and remittance that uses Mastercard s technology infrastructure to expand in Africa and the investment into a minority stake Meanwhile in 2021 Mastercard inked a deal with Airtel Africa one of MTN s competitors that saw the India founded telecom receive 100 million for its mobile money business Airtel Mobile Commerce BV at a 2 65 billion valuation]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 14 Aug 2023 13:18:13 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 11 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-11-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-11-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-11-2023" rel="alternate"/>
                        <description><![CDATA[South Africa strikes trade agreements worth 2 2b with China Highlights Companies from South Africa and China concluded trade deals worth 2 19 billion during a visit to the country by Chinese Commerce Minister Wang Wentao The agreements were made at a meeting of a joint economic and trade committee aimed at boosting South African manufacturing exports to China and Chinese investment in the Southern African country In the first seven months of 2023 Chinas trade with South Africa surged by 10 5 year on year reaching 32 69 billion Chinas exports to South Africa increased by 16 5 while imports from the country rose by 6 1 nbsp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 11 Aug 2023 13:15:23 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 10 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-10-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-10-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-10-2023" rel="alternate"/>
                        <description><![CDATA[Moove valued at 550m in 76m round from Mubadala BlackRock Highlights Moove an African mobility fintech that provides vehicle financing to drivers of ride hailing platforms like Uber and other gig networks has raised 78 million in a new round The round includes 28 million in equity from new and existing investors led by Mubadala Investment Company 10 million in venture debt from funds and accounts managed by BlackRock and 38 million in previously undisclosed funds raised during the prior twelve months The news comes a year after Moove raised a 105 million Series A2 financing 65 million equity and 40 million debt and the new money will be]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 10 Aug 2023 12:37:49 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 9 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-9-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-9-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-9-2023" rel="alternate"/>
                        <description><![CDATA[Safaricom Ethiopia finalizes 257m deal with the IFC Highlights Safaricom Ethiopia will receive 257 4 million in funding from the World Bank Group to support the telco s projects aimed at boosting mobile connectivity in Ethiopia The funding will come from equity investments a loan and guarantees through the Bank s private investment arm International Finance Corporation IFC and Multilateral Investment Guarantee Agency MIGA Initially announced in June the IFC and the consortium finalized the agreement this week The IFC will lend the consortium 100 million and invest 157 4 million in Global Partnership for Ethiopia BV GPE to support the gree]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 09 Aug 2023 13:14:17 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 8 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-8-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-8-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-8-2023" rel="alternate"/>
                        <description><![CDATA[Beko on track to open its 100m factory in Egypt Highlights Beko Egypt is getting ready to open its first plant in the industrial city with investments surpassing 100 million to produce home appliances such as refrigerators and ovens The announcement came during the Minister of Trade and Industry Ahmed Samir s visit to T rkiye where he expressed Egypt s keenness to expand bilateral trade volume from 10 billion to 15 billion within five years The company targets starting production by the end of 2023 with a capacity of 1 5 million devices per year 60 of which will be exported to Europe the Middle East and Africa with an estimated annual export]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 08 Aug 2023 13:05:25 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 7 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-7-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-7-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-7-2023" rel="alternate"/>
                        <description><![CDATA[S amp P revises Nigerias outlook to stable on fiscal reforms Highlights S amp P Global Ratings on Friday revised its outlook on Nigeria to stable from negative citing the government s recent reforms which the credit ratings agency believes could benefit the country s growth and fiscal outcomes if delivered The agency had said last month that it was closely watching Nigeria ahead of the latest review and added that recent reforms were positive signs In February S amp P had maintained Nigeria s credit rating at B B but changed its outlook to negative Rival Fitch affirmed the West African country at B in May]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 07 Aug 2023 13:12:12 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 4 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-4-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-4-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-4-2023" rel="alternate"/>
                        <description><![CDATA[Remittances to Nigeria to hit 26bn by 2025 Highlights Remittance flow to Nigeria will rise to 26 billion by 2025 from 20 1 billion in 2021 according to estimates by Agusto amp Co a Pan African credit rating agency Despite more Nigerians being discouraged by the country s economic conditions and looking overseas for opportunities their remittances continue to play a crucial role in sustaining the Nigerian economy Unpopular policies of the Central Bank of Nigeria CBN have restricted remittance flow into the country but the improved economic conditions in developed nations are expected to drive overseas inflows Sour]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 04 Aug 2023 13:00:46 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 3 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-3-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-3-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-3-2023" rel="alternate"/>
                        <description><![CDATA[Investments in Egypt s data market will hit 365m by 2028 Highlights The Egypt data center market size witnessed investments of 139 million in 2022 and is projected to witness investments of 365 million by 2028 growing at a Compound Annual Growth Rate of 17 46 according to a recent report by Research and Markets Being one of the emerging markets in Africa and seeing significant growth in the development of smart cities will further boost the digital ecosystem in the data market the study finds nbsp In March 2023 Nokia Administrative Capital for Urban Development ACUD and Orange partnered to develop Egypts upcoming new administrative ca]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 03 Aug 2023 13:30:19 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 2 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-2-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-2-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-2-2023" rel="alternate"/>
                        <description><![CDATA[Swedfund earmarks 22m to invest in Amethis Fund III Highlights Swedfund is investing 22 million in Amethis Fund III which is an African fund to further support the development of the private sector in Africa nbsp The fund will help create new jobs and tax revenues through its investments across the African continent Swedfund is a relatively small player with only two offices in Africa Therefore it is important that Swedfund can find good partners in the form of funds that have a large network around the entire African continent Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 02 Aug 2023 13:58:45 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: August 1 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-august-1-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-august-1-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-august-1-2023" rel="alternate"/>
                        <description><![CDATA[QED backs Remedial Health in 12m Series A round Highlights Remedial Health a Nigerian startup digitizing pharmacies and bringing efficiency to the pharmaceutical value chain has raised 12 million in Series A equity debt funding to scale operations in the West African country Fintech VC firm QED Investors co led the round banking on embedded financial opportunities like payments and lending in the pharmaceutical sector nbsp This is QED s third investment in Africa after its involvement in the Moniepoint formerly TeamApt and Flapkap deals last year Ventures Platform also co led the round which saw the participation of existing investors like]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 01 Aug 2023 13:13:23 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 31 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-31-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-31-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-31-2023" rel="alternate"/>
                        <description><![CDATA[Africa s data center market to top 5bn in investments Highlights Africa is being called the next frontier of the data center industry as large numbers of data centers along with large power capacities are coming up nbsp The data center demand in the region is fuelled by the rise in the adoption of 5G artificial intelligence government incentives and smart city initiatives More than 5 billion are expected to be invested in the market per available forecasts The region is also witnessing cloud investments leading to data center growth and acquisitions with South Africa being one of the major markets having attracted the likes of Google Oracle a]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 31 Jul 2023 12:19:22 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 28 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-28-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-28-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-28-2023" rel="alternate"/>
                        <description><![CDATA[Safaricom sets up two new units to back startups Highlights Safaricom shareholders have approved two new subsidiaries one dedicated to investing in seed stage and another in growth stage start ups These developments approved at Safaricom s 15th Annual General Meeting AGM represent a major step towards supporting tech entrepreneurs and fortifying Safaricoms role as a key enabler of the Kenyan tech community The incorporation of a company limited by guarantee to invest in seed stage startups builds on the Spark Fund an investment entity by Safaricom governed by a Board of Trustees to support seed stage startups across Kenya]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 28 Jul 2023 13:50:51 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 26 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-26-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-26-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-26-2023" rel="alternate"/>
                        <description><![CDATA[South Africa Kenya lead Africa s B2B digital payments Highlights A new Duplo report finds that Nigeria trails South Africa and Kenya in the development of key B2B payment processes across Africa including the adoption of electronic bank transfers speed of processing invoices and payment automation The study surveyed more than 1 200 professionals from those countries and Ghana South Africa leads in electronic bank transfers with 49 1 choosing it as their preferred way to pay vendors followed by Nigeria 48 5 Ghana 34 and Kenya 31 9 nbsp Kenya leads by payment automation with 83 4 of Kenyans stating that their payment system was eithe]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 26 Jul 2023 13:14:09 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 25 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-25-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-25-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-25-2023" rel="alternate"/>
                        <description><![CDATA[Japanese firm to build 33m auto factory in Egypt Highlights Yazaki a Japanese car parts supplier has signed land allocation contracts with the Governor of Fayoum in Egypt for the construction of a new factory with 33 million in investments The project marks the first fully foreign factory to be established in the investment free zone in Fayoum and is expected to provide around 3 500 direct and indirect jobs The factory s production will be exported per Vice President of Yazaki Egypt Ahmed Bedewy with the company targeting annual exports worth 110 million annually as well as introducing new creative Japanese technology]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 25 Jul 2023 13:10:20 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 24 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-24-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-24-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-24-2023" rel="alternate"/>
                        <description><![CDATA[Senegal is getting close to its first commercial 5G launch Highlights Sonatel has been granted a 5G license in Senegal by the countrys regulator the ARTP after bidding 59 1 million for the authorization of the license during a tender process that concluded last week This figure was significantly higher than domestic rivals Free and Expresso which had submitted lower bids of 5 12 million and 3 4 million respectively both below the reserve price of 33 million established by the ARTP The main aim of the tender was to select an operator to provide 5G infrastructure as soon as possible inching the French speaking West African country to its f]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 24 Jul 2023 12:34:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 21 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-21-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-21-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-21-2023" rel="alternate"/>
                        <description><![CDATA[Kasha raises 21m to improve women s healthcare across Africa Highlights Kasha a Rwandan digital retail and last mile distribution platform for women s health needs has raised 21 million in a Series B funding round Operating as an e commerce platform Kasha caters to a diverse customer base including individual consumers resellers hospitals pharmacies and clinics The funding round was led by Knife Capital a South African venture capital firm and the new investment will be used to help the startup expand its health access platform across Africa Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 21 Jul 2023 12:56:18 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 20 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-20-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-20-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-20-2023" rel="alternate"/>
                        <description><![CDATA[Vantage Capital invests 25m in East African watermaker Highlights Vantage Capital an Africa focused mezzanine debt fund manager has made a 25 million investment into Aquasantec International a manufacturer and distributor of water tanks pipes and related products in East Africa The investment is in the form of mezzanine debt and ordinary equity acquiring a controlling shareholding in the Group as part of a leveraged management buy out Aquasantec was originally founded in Kenya over 30 years ago by Chandulal Shah and family Since then the business has grown organically becoming a household name across the region with factories in Kenya Ugand]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 20 Jul 2023 12:26:54 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 19 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-19-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-19-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-19-2023" rel="alternate"/>
                        <description><![CDATA[South African inflation slows back within central bank target Highlights South African inflation slowed more than projected to a 14 month low in June easing pressure on the central bank to continue raising interest rates The annual inflation rate was 5 4 down from 6 3 in May according to a report released by the statistics office on Wednesday nbsp The slowdown was greater than forecast Analysts polled by Bloomberg had expected a reading of 5 5 On a month on month basis consumer inflation was at 0 2 in June the same as the previous month Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 19 Jul 2023 12:58:53 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 18 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-18-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-18-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-18-2023" rel="alternate"/>
                        <description><![CDATA[IMF approves 1 billion for Kenya after latest loan review Highlights The IMF has approved almost 1 billion for Kenya after the East African country met conditions for continued financing under programs to help reform the economy and confront challenges posed by climate change Kenya got a 415 million disbursement under the Extended Fund Facility and Expanded Credit Facility programs designed to shore up its economy and boost its foreign exchange reserves following a fifth review nbsp Nairobi also got 551 million as part of the Resilience and Sustainability Facility to support its ambitious efforts to build resilience to climate change]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 18 Jul 2023 12:53:44 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 17 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-17-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-17-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-17-2023" rel="alternate"/>
                        <description><![CDATA[Nigerias monthly inflation hits seven year high on food prices Highlights Nigeria s monthly inflation rate soared to a seven year high in June after President Bola Tinubu scrapped fuel subsidies and allowed the currency to weaken before declaring a state of emergency to control staple food costs Prices rose 2 1 in the month the most since May 2016 and annual inflation quickened to 22 79 from 22 4 in May The inflation figure according to the data published on the National Bureau of Statistics website was less than the median estimate of seven economists in a Bloomberg survey of 23 Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 17 Jul 2023 13:03:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 14 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-14-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-14-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-14-2023" rel="alternate"/>
                        <description><![CDATA[Africa s gaming market is expected to top 1 billion in 2024 Highlights The sub Saharan African gaming industry is expected to generate over 1 billion for the first time in 2024 according to data from research firm Newzoo In 2022 games sold in the region generated 862 8 million in revenue up 8 7 year over year according to Newzoo s data That s in defiance of a broader contraction with the global games market declining 4 3 in 2022 to 182 9 billion Source C]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 14 Jul 2023 13:05:54 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors Update: July 13 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-13-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-13-2023" rel="alternate"/>
                        <description><![CDATA[Angola inflation hits 4 month high as fuel subsidies end Highlights Angola s inflation rate climbed to a four month high in June after a government decision to stop defending the kwanza and cut gasoline subsidies The annual inflation rate in Africa s third biggest oil producer rose to 11 25 in June from 10 6 in the previous month data from the National Statistics Institute show nbsp That s the second consecutive increase after 15 months of declines Contributing to the increase were higher costs of food and transport according to the statistics institute Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 13 Jul 2023 13:01:29 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors Update: July 12 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-12-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-12-2023" rel="alternate"/>
                        <description><![CDATA[DangCem becomes the largest public company in Nigeria Highlights Dangote Cement Plc became the most capitalized on NGX Tuesday after its market capitalization surpassed MTN Nigerias previously the most capitalized stock at N5 66 trillion The rise in the company s market cap is on the back of a positive reaction to the company s announcement of the Tranche I shares buyback program The share price of the cement giant gained 9 27 to close trading at N360 7 per share with a market capitalization of N6 15 trillion 8 billion Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 12 Jul 2023 12:28:06 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 11 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-11-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-11-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-11-2023" rel="alternate"/>
                        <description><![CDATA[SoftBank backs Africa focused AMEA Power with 75m Highlights AMEA Power one of the fastest growing renewable energy developers in Africa has signed a 75 million equity funding round from Japanese investment holding company SoftBank Group Corp Founded in 2016 AMEA Power has assembled a world class team of industry experts to deliver projects across Africa the Middle East and other emerging markets This represents AMEA Power s first external equity funding following years of being privately funded by its founding shareholders The funding will allow AMEA Power and SBG to explore a mutual partnership which will lead to maximizing the value creation]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 11 Jul 2023 13:25:49 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 10 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-10-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-10-2023" rel="alternate"/>
                        <description><![CDATA[Francophone West African region forecasts 7 growth in 2023 Highlights Economic expansion in the eight member West African Economic and Monetary Union WAEMU will accelerate to 7 this year as many of the countries recover from the shock of Russia s invasion of Ukraine nbsp Gross domestic product GDP growth will quicken from 5 9 in 2022 according to Mohamed Bazoum president of Niger who doubles as the head of WAEMU heads of state conference nbsp The members of the union are Benin Burkina Faso Ivory Coast Guinea Bissau Mali Niger Senegal and Togo Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 10 Jul 2023 13:10:46 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 7 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-7-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-7-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-7-2023" rel="alternate"/>
                        <description><![CDATA[African global investors back 500m infrastructure fund Highlights Prominent African and global institutional investors have signed on to the new 500 million Africa50 Infrastructure Acceleration Fund the first private vehicle infrastructure platform launched by Africa50 The collaboration brings together a diverse group of 17 stakeholders from Africa and outside the region comprising sovereign wealth funds DFIs banks pension funds asset managers retirement agencies etc Other entities are expected to join this first transaction The fund aims to catalyze further investment flows to the development of critical infrastructure across the continent]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 07 Jul 2023 13:28:12 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 6 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-6-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-6-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-6-2023" rel="alternate"/>
                        <description><![CDATA[Direct investment flows to Africa dropped to 45bn in 2022 Highlights Foreign direct investment FDI flows to Africa declined to 45 billion in 2022 from the record 80 billion set in 2021 They accounted for 3 5 of global FDI The number of greenfield project announcements rose by 39 to 766 Six of the top 15 greenfield investment megaprojects those worth more than 10 billion announced in 2022 were in Africa Over the past five years FDI inflows have risen in four of the regional economic groupings on the continent per UNCTAD s World Investment Report 2023 published recently Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 06 Jul 2023 13:14:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 5 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-5-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-5-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-5-2023" rel="alternate"/>
                        <description><![CDATA[Africa received 32bn investments from India in the last decade Highlights Africa has become the second largest recipient of credit from India as the country tries to catch up with China in expanding its influence in the continent nbsp Forty two African nations received about 32 billion or 38 of all credit extended by India in the last decade just a few percentage points below its neighbors per Harsha Bangari the managing director of India s Export Import Bank nbsp The South Asian nation has also opened up 195 project based lines of credit worth about 12 billion across Africa three times the number it has in its own region in the last decade]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 05 Jul 2023 12:43:53 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 4 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-4-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-4-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-4-2023" rel="alternate"/>
                        <description><![CDATA[DRC based Nuru gets 40m to build solar mini grids Highlights Nuru an energy startup in the Democratic Republic of Congo has raised 40 million in a Series B round led by the IFC GEAPP and other VC impact and family office funds While the IFC s equity investment also includes financing from the Finland IFC Blended Finance for Climate Program the startup hopes to close off an additional 28 million in project finance by the end of July The fund will be used to build three mini grids in DRC Goma Kindu and the largest in Bunia With a combination of solar power and batteries the total generation capacity will be 13 7 megawatts]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 04 Jul 2023 12:31:13 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: July 3 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-3-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-3-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-3-2023" rel="alternate"/>
                        <description><![CDATA[Kenyan healthtech MyDawa gets 20m from Alta Semper Highlights MyDawa a Kenyan health tech known for its e pharmacy platform has received a 20 million capital injection from private equity investor Alta Semper Capital nbsp Founded in 2016 the startup provides consumers across the region easy access to healthcare products and medical services through a technology based solution The company controls and provides all its operations including logistics in house nbsp The startup recently acquired Uganda s Guardian Health as part of a planned international expansion With the funding it will continue seeking potential acquisitions collaborations and]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 03 Jul 2023 12:38:10 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 30 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-30-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-30-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-30-2023" rel="alternate"/>
                        <description><![CDATA[Ethiopia asks to join the BRICS bloc of emerging economies Highlights Ethiopia one of Africa s fastest growing economies has asked to join the BRICS bloc of emerging markets the foreign ministry said on Thursday The term BRIC was coined by Goldman Sachs economist Jim O Neill in 2001 to describe the rise of Brazil Russia India and China The BRIC powers had their first summit in 2009 in Russia while South Africa joined in 2010 BRICS countries account for more than 40 of the world s population and about 26 of the global economy Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 30 Jun 2023 12:42:51 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 29 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-29-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-29-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-29-2023" rel="alternate"/>
                        <description><![CDATA[Techstars is raising 150m for its new accelerator fund Highlights Startup accelerator Techstars is seeking a fresh 150 million ahead of the end of the deployment period of its third institutionally backed fund Techstars Accelerator 2021 later this year Startups going through Techstars three month program receive 20 000 and a 100 000 convertible note in exchange for 6 to 9 of common stock in addition to access to its network and mentorship amongst other resources Like its predecessors the new fund Techstars Accelerator 2024 is expected to be used for accelerator stage and or post accelerator investments Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 29 Jun 2023 12:18:58 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 28 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-28-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-28-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-28-2023" rel="alternate"/>
                        <description><![CDATA[South Africa inks partnerships on 1bn green hydrogen fund Highlights South Africa Denmark and the Netherlands have teamed up to launch SA H2 a 1 billion fund with a mandate to bolster green hydrogen projects in South Africa nbsp The fund will be backed by numerous financiers including the Dutch investment entity Invest International which contributed 50 million nbsp The rest of the fund is set to be raised over the next two years with contributions from various financiers including the Development Bank of Southern Africa Industrial Development Corporation and insurance firm Sanlam with management set to be handled by the Dutch Climate Fu]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 28 Jun 2023 12:46:56 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 27 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-27-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-27-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-27-2023" rel="alternate"/>
                        <description><![CDATA[Nigeria banking stocks head for best quarter since 2017 Highlights Nigerian banks are heading for their best quarterly performance in six years as a return to more conventional economic policies and a sharp devaluation of the naira are expected to boost profits in the West African nation nbsp Banking stocks are up 34 this quarter and headed for the best quarterly performance since 2017 according to Bloomberg nbsp The NGX10 index which tracks the performance of the lenders on the Nigerian Exchange is up 45 so far this year extending its gain to 54 in the last 52 weeks That compares with a 2 3 loss on the MSCI Emerging Markets Europe Middle Ea]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 27 Jun 2023 12:35:16 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 26 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-26-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-26-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-26-2023" rel="alternate"/>
                        <description><![CDATA[IFC provides 207m to expand Seacom s broadband network in Africa Highlights IFC has partnered with digital infrastructure and IT services provider SEACOM to grow the latter s broadband cable network and cloud based product offering in sub Saharan Africa The World Bank arm will provide a 207 million long term loan package to Seacom including 70 million from itself 42 24 million mobilized from institutional investors through the Managed Co Lending Portfolio Program MCPP and 94 76 million from Nedbank and Mauritius Commercial Bank The ultimate goal is to boost broadband access in Africa and increase the availability of IT services for small and m]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 26 Jun 2023 12:37:09 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 23 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-23-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-23-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-23-2023" rel="alternate"/>
                        <description><![CDATA[Zambia seals 6 3bn debt restructuring agreement Highlights Bonds of developing nations in debt distress gained on Friday in a broad relief rally sparked by Zambia s precedent setting deal with bilateral creditors The southern African country reached an agreement in principle to restructure 6 3 billion of debt potentially unlocking funding from the International Monetary Fund and setting the stage for a renegotiation of its Eurobonds as well The deal calls for Zambia s debt to be rescheduled over more than 20 years with a three year grace period during which only payments on interest are due China is the largest official creditor to Zambia]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 23 Jun 2023 13:04:58 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 22 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-22-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-22-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-22-2023" rel="alternate"/>
                        <description><![CDATA[A health fund raises 50m to scale innovative healthcare in Africa Highlights FSD Africa Investments AfricInvest Malaria No More and Health Finance Coalition HFC have launched the Transform Health Fund THF a 50 million blended finance fund for scaling proven and innovative healthcare models in Africa The fund aims to respond to the critical healthcare financing gap in Africa while building a resilient healthcare ecosystem that improves access affordability resilience and quality of healthcare for low income patients Investments will target countries across sub Saharan Africa with a focus on East Southern and Francophone West Africa to ad]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 22 Jun 2023 13:04:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 21 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-21-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-21-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-21-2023" rel="alternate"/>
                        <description><![CDATA[Dutch firms create 1 1bn sovereign wealth fund for Namibia Highlights State backed firms from the Netherlands have partnered with Namibia to create a sovereign wealth fund focused on green hydrogen SDG Namibia One a blended financing vehicle for green hydrogen investment in the southern African nation will include the participation of Namibia s Environment Investment Fund and The Netherlands Climate Fund Managers BV and Invest International BV The 1 1 billion SDG Namibia One seeks to raise capital from local and international investors and will finance Namibian green hydrogen projects Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 21 Jun 2023 13:17:43 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 20 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-20-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-20-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-20-2023" rel="alternate"/>
                        <description><![CDATA[African climate startups have raised 2 8bn since 2019 Highlights A total of 2 8 billion in funding have been invested in climate related start ups in Africa since 2019 which represents 21 of all the funding raised by startups on the continent over the period excluding exits In addition at least 230 deals over 1 million have been signed in the space over the same period just over 20 of all the deals signed on the continent And in 2023 so far Jan May the percentage is significantly higher 33 the second highest half year after H2 2020 nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 20 Jun 2023 12:12:35 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 19 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-19-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-19-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-19-2023" rel="alternate"/>
                        <description><![CDATA[PayGo solar startup Yellow raises 14m to scale in Africa Highlights Yellow an African asset financier for solar energy and digital devices has raised 14 million in a series B funding round led by Convergence Partners The round also saw participation from the Energy Entrepreneurs Growth Fund managed by Triple Jump and follow on investment from Platform Investment Partners The new round brings the total equity funding raised by Yellow to 45 million With it the startup plans to deepen its reach in its current markets Malawi Rwanda Uganda Zambia and Madagascar and launch digital and financial products in the near term Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 19 Jun 2023 12:16:21 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 16 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-16-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-16-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-16-2023" rel="alternate"/>
                        <description><![CDATA[Goodwell Investments reaches first close of 154m uMunthu II fund Highlights Goodwell Investments and Alitheia Capital have received 62 million in commitments to the uMunthu II fund which aims to finance small business growth in Africa The funding comes from a collection of family offices private investors and institutional investors creating significant momentum for the fund which is expected to reach its final close within two years with a minimum target of 154 million In addition to uMunthu II Goodwell aims to welcome new family offices and institutional investors to its network who are looking for growth opportunities that match their impact]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 16 Jun 2023 13:09:16 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 13 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-13-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-13-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-13-2023" rel="alternate"/>
                        <description><![CDATA[A new 54m initiative targets Zanzibar s blue economy Highlights Tanzania has partnered with the African Development Bank to launch a project expected to enable Zanzibari youth to find well paying maritime and other blue economy jobs The Bank is providing grant financing of 48 65 million for the project with the Tanzanian government contributing an additional 5 42 million The project is expected to benefit about 43 000 youth and prepare over 1 500 of them to start their own enterprises while improving their livelihoods and spurring the creation of new jobs Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 16 Jun 2023 12:15:31 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 15 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-15-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-15-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-15-2023" rel="alternate"/>
                        <description><![CDATA[Nigeria abandons currency peg in major policy shit Highlights Nigerias central bank allowed the naira currency to drop as much as 36 on the official market on Wednesday days after President Bola Tinubu suspended the central bank governor who oversaw much criticized multiple exchange rates A web of multiple exchange rates under Godwin Emefiele had led to foreign currency shortages and made it difficult for investors to take money from Africas biggest economy The regulator had removed trading restrictions on the official market which drove the naira to a record low of N750 1 on the official market down from Tuesdays low of N477]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 15 Jun 2023 12:26:14 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 14 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-14-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-14-2023</guid>
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                        <description><![CDATA[Nigerian stocks jump to 15 year high after apex bank shakeup Highlights Nigeria s stock market soared to its highest level since July 2008 on Tuesday the first trading day in Africa s biggest economy since the ouster of central bank governor Godwin Emefiele Investors betting on a currency devaluation sent the main index of the Nigerian Exchange 4 higher on the day to a closing price of 58 164 points contrasting with a largely flat performance for MSCI s main emerging equity benchmark nbsp The moves take Nigerian stocks year to date gains to 13 5 more than double the return on the MSCI index nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 14 Jun 2023 13:11:31 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 12 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-12-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-12-2023" rel="alternate"/>
                        <description><![CDATA[IFC invests 257 4m in Safaricom s Ethiopia subsidiary Highlights The International Finance Corporation is making a 257 4 million debt and equity injection in Safaricom Ethiopia to support its plan to build a communications network IFC on Friday revealed that 157 4 million has been injected as an equity investment while the remaining 100 million is a loan The completion of the deal comes about nine months after the World Bank arm announced plans to purchase a stake in Safaricom Ethiopia Although the equity size IFC will be allocated for the investment is not immediately clear it s reportedly a minority stake Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 12 Jun 2023 12:37:34 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 9 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-9-2023</link>
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                        <description><![CDATA[Africa could unlock more than 3tr in consumer spending Highlights Over the past decade certain African countries cities and companies have been beacons of innovation productivity and growth Their successes offer models for countries on the continent where growth has been less robust nbsp Growth can help move one billion Africans across the empowerment line defined in a new McKinsey report as the means needed to achieve self sufficiency in basic needs such as nutrition energy housing healthcare education and other essentials This would swell the ranks of the 250 million Africans who are expected to join the consuming class by 2030 unlockin]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 09 Jun 2023 12:25:14 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 8 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-8-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-8-2023" rel="alternate"/>
                        <description><![CDATA[GEAPP and CHD mobilize 50m for renewable energy Highlights The Global Energy Alliance for People and Planet GEAPP in collaboration with Nigerian investment firm Chapel Hill Denham CHD has established a new local currency subordinated debt vehicle the Energy Transition amp Access Facility for Africa ETAFA ETAFA is an innovative financing initiative which will enable the deployment of 50 million to support distributed renewable energy DRE projects in Nigeria GEAPP will contribute an initial 10 million which will in turn mobilize an additional 40 million from the CHD Nigeria Infrastructure Debt Fund ETAFA s financing is structured as]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 08 Jun 2023 12:07:01 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 7 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-7-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-7-2023" rel="alternate"/>
                        <description><![CDATA[World Bank raises global growth forecasts for 2023 Highlights The World Bank has raised its 2023 global growth forecast as the U S and other major economies have proven more resilient than forecast but said higher interest rates would cause a larger than expected drag next year Real global GDP is set to climb 2 1 this year up from a 1 7 forecast issued in January but well below the 2022 growth rate of 3 1 The development lender cut its 2024 global growth forecast to 2 4 from 2 7 in January citing the continuing effects of tighter monetary policy particularly in reducing business and residential investment Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 07 Jun 2023 12:33:59 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 6 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-6-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-6-2023" rel="alternate"/>
                        <description><![CDATA[Africa is the world s fastest urbanizing region McKinsey Highlights Africa is urbanizing faster than any other place on the planet per a recent McKinsey report Since 2000 the continent s urban population has grown by 3 7 outpacing overall population growth of 2 5 nbsp Over the next two decades Africa will become majority urban as more than 500 million people migrate to its cities and create the largest total number of urban dwellers in the world nbsp By 2040 Africa will be home to 12 cities of more than ten million people each as ten more cities join Cairo and Lagos and 19 second cities will have populations between five million and ten m]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 06 Jun 2023 12:16:28 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 5 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-5-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-5-2023" rel="alternate"/>
                        <description><![CDATA[Helium Health gets 30m to power healthcare financing in Africa Highlights Helium Health a Nigerian healthtech startup has raised 30 million in a Series B funding round to expand the reach of its fintech product HeliumCredit nbsp The company provides software as a service tools financing and insights for healthcare providers and public health organizations nbsp With its latest round of funding Helium Health has raised a combined amount of 42 12 million after a 10 million Series A round in 2020 More so the funding follows a deal involving the UAE based healthcare provider patient interaction platform Meddy Sour]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 05 Jun 2023 12:03:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 2 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-2-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-june-2-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-2-2023" rel="alternate"/>
                        <description><![CDATA[Mastercard seals 45m partnership to manufacture vaccines in Africa Highlights The Mastercard Foundation has signed a 45 million partnership with Senegalese Institut Pasteur de Dakar IPD to train young Africans in vaccine manufacturing and production The partnership named MADIBA Manufacturing in Africa for Disease Immunization and Building Autonomy will establish a training center where young Africans especially women will be trained in the skills of vaccine production research and distribution The deal comes against the backdrop of vaccine shortage and inequality experienced at the height of the covid 19 pandemic It also aligns with the Afric]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 02 Jun 2023 12:34:47 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: June 1 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-june-1-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-june-1-2023" rel="alternate"/>
                        <description><![CDATA[Nigerian equities post impressive monthly gain in May Highlights The Nigerian stock market delivered an impressive performance with a gain of 6 42 in May outperforming other markets in Sub Saharan Africa per Nairametrics findings Market confidence was boosted by President Tinubu s inauguration and promises of extensive reforms including the removal of a costly fuel subsidy and the unification of the country s exchange rate Analysts say investors should remain cautious however as historical data shows June has been a challenging month for Nigerian stocks emphasizing the importance of prudent investment strategies and diversification]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 01 Jun 2023 13:01:17 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 31 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-31-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-31-2023" rel="alternate"/>
                        <description><![CDATA[Nigerian equities bonds rally on economic reform promises Highlights Nigeria s dollar bonds and equities rallied after the new president Bola Tinubu said he will end the nation s 10 billion fuel subsidy program and adopt a uniform exchange rate Debt due in 2047 jumped 1 6 cents on the dollar to 66 23 in London heading for the biggest advance in a month while bonds due in 2049 gained 1 7 cents and those maturing in 2051 advanced 1 9 cents The NGX 50 Index which comprises the nation s biggest companies has surged 5 7 after the speech sustaining the positive momentum from last week with key stocks in the banking sector catching the eye of investors]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 31 May 2023 12:27:42 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 30 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-30-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-30-2023" rel="alternate"/>
                        <description><![CDATA[Africa to become the second fastest growing region after Asia Highlights Africa is set to be the second fastest growing region in the world after Asia in 2023 24 demonstrating the resilience of its economy despite dealing with multiple global shocks But the projected growth will depend on global conditions and the continent s ability to bolster its economic resilience the African Development Bank s 2023 African Economic Outlook report has found The report forecasts that Africa will consolidate its post Covid 19 pandemic recovery to 4 3 GDP growth in 2024 from 3 8 in 2022 Some 22 countries will record growth rates above 5]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 30 May 2023 12:21:57 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 29 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-29-2023</link>
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                        <description><![CDATA[Africa s largest economy has a new president Highlights On Monday Bola Tinubu was sworn in as president of Nigeria Africas biggest economy by gross domestic product population and technology funding The ceremony followed a disputed election as the new leader faces pressure to quickly improve economic and security conditions Two of Tinubus main opponents in the February election are challenging his victory on the basis of fraud claims A tribunal will start on Tuesday to hear their main arguments with a ruling not expected before September Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 29 May 2023 12:14:46 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 26 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-26-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-26-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-26-2023" rel="alternate"/>
                        <description><![CDATA[Mozambique embarks on 4 5bn hydro project in deal with Total EDF Highlights Mozambique selected a consortium including TotalEnergies SE and Electricit de France SA as strategic partners in a 4 5 billion hydropower project planned for the center of the southeast African nation The Mphanda Nkuwa dam will be about 60 kilometers 37 miles downstream of the Zambezi River from the existing Cahora Bassa hydropower dam that can generate 2 075 megawatts of power more than half of which is sold to South Africa The 1 500 megawatt project and an associated transmission line may play a key role in mitigating a regional electricity shortage]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 26 May 2023 15:24:51 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 25 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-25-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-25-2023" rel="alternate"/>
                        <description><![CDATA[African GDP growth to edge up in 2023 despite South Africa slide Highlights Africa s economic growth is set to edge upwards in 2023 and 2024 amid tighter global monetary policy and the fallout from Russia s invasion of Ukraine but South Africa s will plummet The continent s GDP growth is projected to rise to 4 this year and 4 3 in 2024 after a 3 8 expansion last year the African Development Bank AfDB said in its annual African Economic Outlook However GDP growth was still some way below the 4 8 expansion in 2021 while AfDB President Akinwumi Adesina called for cautious optimism Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 25 May 2023 13:13:48 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 24 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-24-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-24-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-24-2023" rel="alternate"/>
                        <description><![CDATA[South African digital bank TymeBank raises 77 8m Highlights South African digital banking platform TymeBank has raised 77 8 million pre Series C with plans to close its Series C round later this year nbsp The round was led by African focused growth stage fund Norrsken22 and Swiss global impact investment firm Blue Earth Capital nbsp A member of the Tyme Group of companies headquartered in Singapore Tymebank offers a transactional bank account with zero or low monthly fees and a savings product to its customers Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 24 May 2023 10:48:56 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 23 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-23-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-23-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-23-2023" rel="alternate"/>
                        <description><![CDATA[Africa s leading telcos to invest over 1bn in fiber cable Highlights MTN Group Africa s biggest mobile phone operator plans to build a 320 million inland fiber cable to connect ten countries as telecommunications companies push to expand service to the continent s growing population nbsp Similarly Vodacom plans to expand its fiber business pending the Competition Commission s approval of its 693 million deal with Remgro Through the deal Vodacom plans to expand its fiber offering into some of its other operating countries including Tanzania and the Congo nbsp Despite the major investments by the two South African telco giants Telkom currentl]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 23 May 2023 14:03:34 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 22 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-22-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-22-2023" rel="alternate"/>
                        <description><![CDATA[Africa s mobile money transaction value rises 22 to reach 836 5bn Highlights Last year mobile money transaction value in Africa rose 22 to 836 5 billion but its share of the global 1 26 trillion mobile money value dropped to 66 4 That s according to recent figures from GSMA published in its 2023 State of the Industry Report which shows that mobile money is growing faster in sub Saharan Africa than in other regions except for the Middle East amp North Africa In 2021 Africa accounted for up to 70 of the world s 1 trillion mobile money value after its transaction value jumped 39 from 495 billion in 2020 to 701 4 billion nbsp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 22 May 2023 12:38:43 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 19 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-19-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-19-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-19-2023" rel="alternate"/>
                        <description><![CDATA[African B2B e commerce Sabi valued at 300m in new 38m round Highlights Sabi a Lagos based B2B e commerce startup providing digital commerce infrastructure to Africa s informal economy has raised 38 million in Series B funding at a valuation of 300 million Frankfurt based specialist fintech investor CommerzVentures Stockholm based but Africa focused growth stage investor Norrsken22 U S based growth stage funds Fluent Ventures and Proof VC and pan African early stage investors CRE Ventures and Jaango are some of the investors in this round nbsp nbsp The investment signals revived investor interest in a B2B e commerce market going through some r]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 19 May 2023 13:16:49 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 18 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-18-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-18-2023" rel="alternate"/>
                        <description><![CDATA[Ghana secures 3bn IMF package for economic recovery Highlights The International Monetary Fund has approved Ghana s request for a 3 billion bailout over three years to support the debt ridden nation s recovery The West African economy will receive an immediate disbursement of about 600 million the IMF said in a statement Wednesday following an Executive Board meeting The new loan is expected to help mobilize additional external financing from development partners and provides a framework for completing Ghana s debt restructuring Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 18 May 2023 12:22:48 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 17 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-17-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-17-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-17-2023" rel="alternate"/>
                        <description><![CDATA[Egypt sells 9 5 stake in state owned telecom firm for 121 million Highlights Egypt sold a 9 5 stake in state run Telecom Egypt Co raising more than 3 7 billion Egyptian pounds 121 million in a signal to investors that the country is serious about implementing a sweeping economic reform program The government sold 162 million shares in the telecommunications company representing about a 9 5 stake in the firm according to a filing to the Egyptian stock exchange reported by Bloomberg nbsp The shares were priced at 23 11 Egyptian pounds each according to a separate filing Egypt plans to offer a further 0 5 for company employees to buy]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 17 May 2023 14:40:39 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 16 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-16-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-16-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-16-2023" rel="alternate"/>
                        <description><![CDATA[Africa s leading telcos to invest over 1bn in fiber cable Highlights MTN Group Africa s biggest mobile phone operator plans to build a 320 million inland fiber cable to connect ten countries as telecommunications companies push to expand service to the continent s growing population nbsp Similarly Vodacom plans to expand its fiber business pending the Competition Commission s approval of its 693 million deal with Remgro Through the deal Vodacom plans to expand its fiber offering into some of its other operating countries including Tanzania and the Congo nbsp Despite the major investments by the two South African telco giants Telkom currentl]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 16 May 2023 12:30:52 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 15 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-15-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-15-2023" rel="alternate"/>
                        <description><![CDATA[M Kopa raises 250m to scale its consumer financing fintech across Africa Highlights M Kopa the asset financing platform that offers underbanked African customers access to productive assets and the ability to pay for them via digital micropayments has secured over 250 million in new funding nbsp The capital injection includes 55 million in equity and over 200 million in debt Following the 75 million in equity the Kenyan based fintech announced last March M KOPA has raised 245 million in equity funding since its inception in 2011 nbsp Given its success in East and West Africa where it has sold over a million solar home systems M KOPA now]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 15 May 2023 12:33:38 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 12 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-12-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-12-2023" rel="alternate"/>
                        <description><![CDATA[Raxio Group draws 33m debt facility from EAIF for data centers Highlights The Emerging Africa Infrastructure Fund EAIF a Private Infrastructure Development Group PIDG company has committed a 33 million sustainability linked debt facility to Raxio Group a leading pan African data center developer and operator nbsp The funding enables the design construction operation and management of a series of high impact data centers in seven countries Uganda Ethiopia the Democratic Republic of Congo Mozambique Angola Cote D Ivoire and Tanzania across sub Saharan Africa EAIF is acting as co arranger on the transaction alongside Proparco with whom]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 12 May 2023 12:50:42 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 11 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-11-2023</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-11-2023" rel="alternate"/>
                        <description><![CDATA[Egypt focused retailer gets 165m investment from DPI led group Highlights DPI has led a 165 million equity investment in Kazyon Ltd the UK parent of the largest discount retailer in Egypt Kazyon alongside co investors including British International Investment BII South Suez and others Founded in 2014 Kazyon provides access to affordable products to the underserved market in Egypt and the surrounding region The investment will help Kazyon accelerate its ambitious expansion strategy progressing its stores rollout across Egypt and entering new markets Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 11 May 2023 12:28:23 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 10 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-10-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-10-2023</guid>
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                        <description><![CDATA[Egypt to get 250m data center via Khazna Benya partnership Highlights Khazna Data Centers the largest network of hyper scale data centers in the Middle East and North Africa is entering Egypt with Benya Group a provider of integrated solution digital transformation and ICT infrastructure in the region The new 250 million facility will be the country s first hyper scale data center to be built at the Maadi Technology Park Egypt s first specialized investment zone With an expected capacity of 25MW of IT load the data center is expected to unlock opportunities for businesses in Egypt aiming to expand internationally and targeting multinational c]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 10 May 2023 11:26:23 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 9 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-9-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-9-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-9-2023" rel="alternate"/>
                        <description><![CDATA[Tanzania s coal exports hit a record 224m amid Europe s energy crisis Highlights Europe s energy crisis caused by the invasion of Ukraine by Russia has seen Tanzania coal exports record a seven fold jump in the year to March due to high demand the latest central bank data show Tanzania which has 1 9 billion coal reserves of which 25 are proven saw its exports of fossil fuel surge to 223 8 million from 31 9 million in April Exports of coal edged up induced by rising demand for alternative energy amid supply challenges caused by the war in Ukraine per Bank of Tanzania s April Economic Review Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 09 May 2023 12:51:49 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 8 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-8-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-8-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-8-2023" rel="alternate"/>
                        <description><![CDATA[Microsoft is bringing its Xbox Studios Game Camp to Africa Highlights Microsoft through its Africa Transformation Office ATO has confirmed that its Xbox Studios Game Camp will be hosted in Africa Game Camp is an initiative that unifies various Xbox initiatives under one umbrella where talent is celebrated and game developers are empowered to pursue their dreams nbsp The two day conference which started in 2014 in Sweden before it was later shaped into a global program seeks to recognize and celebrate all game creators across more than 50 diverse countries and regions The conference will run from July 15th 16th 2023 and is open for applicati]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 08 May 2023 12:22:18 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 5 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-5-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-5-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-5-2023" rel="alternate"/>
                        <description><![CDATA[Mezzanine provider Vantage Capital invests 33m in Morocco s Promamec Highlights Vantage Capital one of Africas largest mezzanine fund managers has made a 33 million equity investment in Promamec which will facilitate the exit of the private equity fund AfricInvest and fund growth capex Promamec is a pioneer in the local production of medical consumables and has grown into one of Moroccos leading medical consumables and equipment distributors This investment will enable the company to finance its development plan which involves increasing production capacities broadening product offerings and strengthening its positioning in sub Saharan Africa]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 05 May 2023 12:38:16 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 4 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-4-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-4-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-4-2023" rel="alternate"/>
                        <description><![CDATA[Germany woos Africa as Europe wrestles with China for influence Highlights German Chancellor Olaf Scholz is heading to Kenya and Ethiopia on Thursday as part of a European effort to make inroads with countries of the so called Global South The official will also push back against the influence of authoritarian nations such as Russia and China Bloomberg reported Berlin is convinced that Europe can make a better partner with Africa than can China and Scholz will seek to advance talks on trade and cooperation agreements with the countries during his three day trip Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 04 May 2023 12:35:50 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 3 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-3-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-3-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-3-2023" rel="alternate"/>
                        <description><![CDATA[African companies stayed afloat while businesses cratered amid Covid 19 Highlights The Financial Times and research company Statista have released a report on Africa s fastest growing companies in 2023 nbsp The list highlights how the top 100 African businesses from across different sectors fintech renewable energy healthcare commodities and agriculture kept their businesses afloat while most of the world s businesses shut down The report ranks the top 100 companies according to the highest compound annual growth CAGR in revenues between 2018 and 2021 Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 03 May 2023 12:24:18 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 2 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-2-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-2-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-2-2023" rel="alternate"/>
                        <description><![CDATA[Nigeria s Nomba raises 30m from Base10 Shopify and others Highlights Nigerian payment service provider Nomba has raised 30 million in a pre Series B investment to support the delivery of bespoke payment solutions for African businesses nbsp The round which values the company at 150 million according to YCombinator data on its most valuable companies was led by San Francisco based Base 10 Partners nbsp Partech and Khosla Ventures existing investors from its 5 million Series A round in 2019 participated as well as new backers including Helios Digital Ventures and Shopify likely its first investment on the continent]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 02 May 2023 11:36:12 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: May 1 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-1-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-1-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-1-2023" rel="alternate"/>
                        <description><![CDATA[African blockchain startups raised 474m in 2022 Highlights The growth of the African crypto market has been remarkable in spite of the ongoing crunch the industry is experiencing globally as confirmed by a report published by blockchain focused Crypto Valley VC and Standard Bank Per the report African blockchain startups raised 474 million in 2022 from funding a 429 increase from the previous year s 90 million While global venture funding slowed in 2022 last year still recorded an all time high funding flow with more deals and funds being closed for blockchain Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 01 May 2023 12:24:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 28 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-28-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-28-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-28-2023" rel="alternate"/>
                        <description><![CDATA[Only a quarter of sub Saharan African countries formally regulate crypto Highlights A survey by KnowBe4 found that only one quarter of countries in sub Saharan Africa formally regulate crypto but two thirds have implemented some restrictions and six countries Cameroon Ethiopia Lesotho Sierra Leone Tanzania and the Republic of Congo have banned crypto Despite the hostility 81 of respondents in Mauritius Botswana South Africa and Kenya knew what cryptocurrency was with 52 having already invested in it nbsp The primary goal for their investment was long term profit 69 followed by quick profit 39 More so 18 opted for cryptocurrency b]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 28 Apr 2023 11:57:18 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 27 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-27-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-27-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-27-2023" rel="alternate"/>
                        <description><![CDATA[Capria reaches first close of 100m fund to back startups in Africa others Highlights Capria Ventures a leading Global South specialist firm investing in early growth Global South startups has announced the first close of its 100 million fund The company invests in tech founders with limitless aspirations connecting them into a uniquely collaborative network and activates strong relationships between hundreds of founders and leading local VC firms in the tech hubs of the Global South Its new fund will focus on investing in 20 25 tech startups in the entrepreneurial hotspots of Africa India Southeast Asia Latin America and the Middle East nbsp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 27 Apr 2023 12:33:21 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 26 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-26-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-26-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-26-2023" rel="alternate"/>
                        <description><![CDATA[Johannesburg is Africas wealthiest city with over 14 000 dollar millionaires nbsp Highlights South Africa s commercial capital Johannesburg remains Africa s wealthiest city per a study compiled by Henley amp Partners and New World Wealth Called the City of Gold it is home to the largest number of dollar millionaires 14 600 in the continent according to the World s Wealthiest Cities Report 2023 Up to 30 of them are dollar centi millionaires and two are dollar billionaires Johannesburg was founded following the discovery of gold deposits nearby in 1886 and hosts the Johannesburg Stock Exchange JSE Africa s largest In 2021 its cumu]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 26 Apr 2023 12:32:34 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 25 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-25-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-25-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-25-2023" rel="alternate"/>
                        <description><![CDATA[Zimbabwe to introduce a 100m gold backed digital currency Highlights Zimbabwe s central bank is reportedly looking to introduce a digital currency backed by 100 million of gold to be used as legal tender in the country The move is part of the government s interventions to deal with its fluctuating currency and represents the first steps towards using the country s gold reserves to peg the national currency When introduced the tokens will be exchangeable for small amounts of Zimbabwean dollars and holders are expected to be able to exchange their money for the tokens for protection against exchange rate volatility Sourc]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 25 Apr 2023 12:31:48 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 24 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-24-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-24-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-24-2023" rel="alternate"/>
                        <description><![CDATA[SAB Foundation launches 5m impact fund for SA SMEs Highlights SAB Foundation in partnership with Lead Impact Capital and the National Treasury s Jobs Fund has launched an R88 million 5 million Financing for Impact Fund The fund underpinned by grant capital is aimed at providing affordable financing to qualified alumni of its South African entrepreneur programs On a broader scale the Fund seeks to mitigate the financing gap that exists in South Africa especially for small businesses which often do not have much collateral and are perceived as high risk by the investment community Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 24 Apr 2023 13:03:29 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 21 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-21-2022-2</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-21-2022-2</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-21-2022-2" rel="alternate"/>
                        <description><![CDATA[Africell rolls out mobile money product to millions of Angolans Highlights Africell Holding SAL is launching new financial services this weekend in Angola a country that s lagged behind as the rest of sub Saharan Africa dominated the mobile payments market The firm invested more than 150 million to build out its mobile phone network in Angola and has attracted 7 million customers since it started operating in the country in 2022 The Afrimoney product is now rolling out after being available via Africell in the Democratic Republic of Congo Gambia and Sierra Leonne Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 21 Apr 2023 11:35:40 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 20 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-20-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-20-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-20-2023" rel="alternate"/>
                        <description><![CDATA[Raxio secures 170m to build data centers in Africa Highlights Raxio Roha and Meridiam have secured a sustainability linked debt facility of up to 170 million in multiple tranches for Raxio Data Centres a leading pan African data center developer and operator The financing package includes 110 million from Proparco and the Emerging Africa Infrastructure Fund EAIF a Private Infrastructure Development Group PIDG company nbsp The financing will enable Raxio to progress with its ambitious roll out strategy of state of the art reliable and efficient Tier III certified data center infrastructure across the continent nbsp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 20 Apr 2023 12:15:44 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 19 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-19-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-19-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-19-2023" rel="alternate"/>
                        <description><![CDATA[Tanzania s hydropower project pulls 300m AfDB EU funding Highlights Tanzania s government the African Development Bank and the French Development Agency AFD have signed agreements for two development project loans worth 300 million nbsp The funds will finance the construction of the 87 8 megawatt Kakono Hydropower Plant located in Kagera region which also received a grant of 39 million from the European Union The plant is expected to serve 4 million people and increase the service coverage rate by around 7 of the population as well as have a major impact on the economic development of the zone Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 19 Apr 2023 12:43:13 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 18 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-18-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-18-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-18-2023" rel="alternate"/>
                        <description><![CDATA[UK based insurtech startup YuLife expands into South Africa Highlights YuLife a UK based provider of digital insurance services has launched its operations in South Africa marking its first entry into Africa The company s product offerings include a well being app that harnesses the latest trends in behavioral science and game mechanics to encourage employees to make proactive lifestyle changes while prioritizing prevention by de risking individuals through healthy activities YuLife recently expanded to the US and claims to have seen more than 5x growth in premiums year on year In July 2022 the insurtech startup raised a 120 million Series C brin]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 18 Apr 2023 12:03:31 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 17 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-17-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-17-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-17-2023" rel="alternate"/>
                        <description><![CDATA[Climate focused VC funding heats up in Africa Highlights Venture capital activity around climate tech has been heating up in Africa despite the global VC funding cooldown The continent s climate tech startups secured over 860 million in equity funding in 2022 making it Africa s most funded sector after fintech This was largely driven by clean energy technologies Last year s figure represented a 3 5x growth despite macroeconomic headwinds Over the past few months a slew of new funds dedicated to investing in the space have launched indicating that funding for climate tech startups will persist for a while Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 17 Apr 2023 11:58:14 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 14 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-14-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-14-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-14-2023" rel="alternate"/>
                        <description><![CDATA[Amazon doubles down on South Africa with 1 8bn investment Highlights A newly released economic impact study report shows that Amazon via its cloud infrastructure arm Amazon Web Services AWS aims to invest 1 8 billion in South Africa by 2029 nbsp The investment will be made towards cloud infrastructure in the region From 2018 to 2022 the company says it has invested 885 million which has resulted in an estimated 657 000 approximately in local GDP contributed by this AWS Region In addition the marketp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 14 Apr 2023 12:33:18 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 13 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-13-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-13-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-13-2023" rel="alternate"/>
                        <description><![CDATA[Evolution Fund secures 199m for clean energy in Africa Highlights Finnfund a Finnish development financier and impact investor has announced a 20 million commitment to Evolution III Fund a Pan African equity fund aiming to foster the availability and accessibility of clean energy The commitment is part of the first closing of the fund which is managed by Inspired Evolution Managers and aims to make between 10 to 15 investments over five years Evolution III closed at 199 4 million in conditional commitments from seven international investors including several DFIs allowing a further 12 18 months window to reach its target close of 400 million i]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 13 Apr 2023 12:25:58 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 12 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-12-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-12-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-12-2023" rel="alternate"/>
                        <description><![CDATA[Kenya s Victory Farms raises 35m for East Africa expansion Highlights Victory Farms a Kenya based aquaculture startup has raised 35 million in a Series B round The Series B round was led by Creadev and saw participation from the Acumen Resilient Agriculture Fund ARAF DOB Equity Endeavor Catalyst Fund and Hesabu Capital The startup says it will use the funding to finance the expansion of its operations in Kenya and Rwanda and potential entry into Ethiopia Uganda and Tanzania nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 12 Apr 2023 13:05:54 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 11 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-11-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-11-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-11-2023" rel="alternate"/>
                        <description><![CDATA[Emirati telco e amp acquires stake in Careem for 400m Highlights UAE headquartered e amp formerly Etisalat has acquired a 50 03 stake in Careem s Super App spinout for 400 million Founded in 2012 Careem started as a ride hailing app and then launched its super app in April 2020 which offers a variety of services on its platform and serves customers in 10 countries across the Middle East North Africa and South Asia nbsp The investment will support Careem s super app expansion plans Meanwhile Careem s ride hailing business will remain fully owned by the US mobility firm Uber and continue to be available with all other Careem services on the]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 11 Apr 2023 12:37:25 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 7 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-7-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-7-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-7-2023" rel="alternate"/>
                        <description><![CDATA[A new 16m fund launches to support Egyptian fintech startups Highlights Egypt based Camel Ventures has launched a 16 million VC investment vehicle Camel Ventures for Investment I CVI The new VC fund will focus on supporting Egypts fintech startup ecosystem by providing them with both equity investments for early stage startups as well as venture debt for later stage startups CVI has already made ten investments in various sectors across Egypt including Khazenly Pharmacy Marts and klickit Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 07 Apr 2023 12:33:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 6 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-6-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-6-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-6-2023" rel="alternate"/>
                        <description><![CDATA[Eskom to enter the VC industry via 10bn pension fund Highlights South Africa s Eskom Pension and Provident Fund plans to expand into venture capital to reduce its dependence on traditional investments Bloomberg quoted the deputy chief investment officer of the fund as saying The fund has about 10 billion worth of assets under management with roughly two thirds allocated to South African stocks inflation linked debt property and nominal bonds For the fund private equity and venture capital represent an area of growth that could deliver decent returns without introducing too much risk in the total portfolio Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 06 Apr 2023 12:24:12 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 5 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-5-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-5-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-5-2023" rel="alternate"/>
                        <description><![CDATA[Equator gets 40m fund pledge for climate startups in Africa Highlights Equator a climate tech venture capital firm focused on sub Saharan Africa has reached an initial close of its first fund with 40 million in commitments The company backs seed and Series A startups across energy agriculture and mobility sectors with partners that include BII the Global Energy Alliance for People and Planet and the Shell Foundation After getting the commitments Equator hopes to make up to 15 investments throughout the new fund s life cycle Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 05 Apr 2023 12:04:09 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 4 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-4-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-4-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-4-2023" rel="alternate"/>
                        <description><![CDATA[DFC invests 25m in Novastar s Africa People Planet Fund Highlights The US International Development Finance Corporation DFC has made an equity investment of 25 million in a new fund by Pan African venture capital firm Novastar Ventures to back founders building agriculture and climate solutions The DFC revealed details of the transaction during its latest update detailing the transactions it had approved over the last few months TechCrunch reported that the Nairobi and Lagos based VC firm targets to raise over 200 million via the Africa People Planet Fund making it one of the largest funds in the region Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 04 Apr 2023 12:50:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: April 3 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-3-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-3-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-3-2023" rel="alternate"/>
                        <description><![CDATA[US VP announces over 7bn to fund climate projects in Africa Highlights In response to Vice President Kamala Harris s call for the private sector to promote and enhance climate resilience adaptation and mitigation across Africa the private sector made over 7 billion in new commitments nbsp The US Government also announced new federal funding and initiatives to expand access to climate information services and enhance climate resilience and adaptation nbsp These are expected to generate significant economic benefits while addressing African nations pressing needs resulting from the climate crisis including food security challenges by helping to]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 03 Apr 2023 12:14:11 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 31 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-31-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-31-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-31-2023" rel="alternate"/>
                        <description><![CDATA[South Africa s Absa unveils 630m black empowerment plan Highlights Absa Group South Africa s third largest lender by market value proposed a new plan to help boost Black ownership beyond the 25 recommended threshold The transaction would constitute 7 of issued share capital and be worth as much as 11 2 billion rand 630 million the bank said in a statement nbsp It will also see 4 of Absa s issued shares allocated to a perpetual Corporate Social Investment trust focused on education and youth employability support for black South Africans The trust will receive an annual amount equivalent to 25 of Absa s dividend]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 31 Mar 2023 12:38:38 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 30 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-30-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-30-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-30-2023" rel="alternate"/>
                        <description><![CDATA[Oxfam Goodwell target East African startups with 22m fund Highlights Impact investor Goodwell Investments and Oxfam Novib have set up Pepea a 21 7 million fund to finance early stage startups in Kenya Uganda and Ethiopia nbsp The fund created with the backing of Oxfam Novib Impact Investments will provide venture debt with a focus on mezzanine finance which is a debt that can be turned into equity Pepea will target early stage businesses that have existed for 1 5 years and are generating revenues but haven t raised capital It will also ensure they have the right structures and systems in place to help them prepare and raise their first roun]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 30 Mar 2023 13:09:18 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 29 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-29-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-29-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-29-2023" rel="alternate"/>
                        <description><![CDATA[Africa Mobile Networks secures 20m to extend connectivity Highlights Africa Mobile Networks has reached financial close on its 20 million senior secured loan facility provided by BlueOrchard Sustainable Assets Fund BOSAF and the OP Finnfund Global Impact Fund I The news follows a successful equity investment of 36 million announced in 2021 from a consortium of mostly DFI investors nbsp The new financing package is expected to help deliver long term benefits and fund a rollout of mobile communications towers in rural and ultra rural Africa Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 29 Mar 2023 12:45:47 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 28 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-28-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-28-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-28-2023" rel="alternate"/>
                        <description><![CDATA[C te d Ivoire unveils Startup Act to boost tech sector Highlights The Ivorian government is ramping up its efforts to support tech startups with the launch of the Startup Act a new framework designed to help promising young companies to thrive nbsp The move is part of the country s wider development plan which has made technological innovation a top priority The Act is designed to give greater visibility and recognition to startups in C te d Ivoire Under the new framework eligible companies will have access to state of the art infrastructure and other amenities to help them succeed both regionally and internationally S]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 28 Mar 2023 11:25:51 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 27 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-27-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-27-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-27-2023" rel="alternate"/>
                        <description><![CDATA[First Citizens to buy large chunk of failed Silicon Valley Bank Highlights First Citizens Bank amp Trust Co will buy Silicon Valley Bank s deposits and loans the Federal Deposit Insurance Corporation has said just over two weeks after the biggest US banking collapse since Lehman Brothers The deal includes the purchase of approximately 72 billion of SVB assets at a discount of 16 5 billion but around 90 billion in securities and other assets will remain in receivership for disposition by the FDIC This development comes after the regulator transferred all SVB deposits and assets into a new bridge bank earlier this month in an effort to protect d]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 27 Mar 2023 12:20:44 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 24 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-24-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-24-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-24-2023" rel="alternate"/>
                        <description><![CDATA[Huawei angles for Kenya s multimillion dollar data center market Highlights Huawei Technologies is angling for a slice of the estimated Kshs 17 billion 130 million cloud computing industry in Kenya with a new solution known as the Intelligent Cloud Network ICN is designed to address key challenges facing organizations going through digitalization tackling problems associated with multiple data centers built over a period of time that use different architectures on separate clouds With this solution Huawei has become the first in the industry to roll out autonomous driving for data center networks slashing operating expenses by up to an estimated]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 24 Mar 2023 12:22:14 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 23 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-23-2023-2</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-23-2023-2</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-23-2023-2" rel="alternate"/>
                        <description><![CDATA[Verod Kepple Ventures raises 43m to back African startups Highlights Verod Kepple Africa Ventures VKAV has raised 43 million for its pan African venture fund to invest in scalable tech enabled post revenue early stage startups addressing complex challenges on the continent Formed in 2021 as a joint venture between Kepple Africa Ventures KAV a Japanese venture capital firm and Verod Holdings Verod an African growth capital private equity firm VKAV is led by partners Satoshi Shinada Ryosuke Yamawaki and Ory Okolloh The VKAV Fund its first investment vehicle will leverage the knowledge and skills of the two companies to invest in startups]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 23 Mar 2023 12:09:40 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 22 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-23-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-23-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-23-2023" rel="alternate"/>
                        <description><![CDATA[Digital currency usage soars in Nigeria on cash shortages Highlights Nigerians have increasingly turned to digital currencies to transact after a demonetization policy gave rise to a shortage of banknotes and bolstered demand for alternative payment methods The value of eNaira transactions has surged 63 to N22 billion 47 7 million this year while about 13 million e wallets have been opened a more than 12 fold increase from October per data from the Central Bank of Nigeria nbsp The amount of currency circulating in Africa s largest economy has meanwhile dropped to about N1 trillion from N3 2 trillion in September Sou]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 22 Mar 2023 12:20:17 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 21 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-21-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-21-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-21-2023" rel="alternate"/>
                        <description><![CDATA[EU eyes DRC s infrastructure minerals with 54m investment Highlights The European Union EU has announced an initial investment of 50m in the Democratic Republic of Congo s critical minerals sector and infrastructure projects nbsp The funding was announced at the first ever Kinshasa Economic Forum which brought together the DRC the EU and France nbsp The investment in the DRC s geological mapping urban infrastructure and digital education projects is part of the EU s Global Gateway initiative nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 21 Mar 2023 12:41:38 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 20 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-20-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-20-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-20-2023" rel="alternate"/>
                        <description><![CDATA[Mirova raises 171m to finance solar energy projects in Africa Highlights Mirova has announced that its solar energy focused Gigaton Investment Vehicle has raised 171 million for its first closing The blended finance debt strategy aims to accelerate the clean energy transition in underserved and emerging markets in developing countries with a strong focus on sub Saharan Africa The funding will be invested in solar home systems climate smart food systems energy efficiency and carbon credit pre financing while aiming to offset CO2 emissions create jobs advance gender equality and improve energy access for all Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 20 Mar 2023 11:57:27 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 17 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-17-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-17-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-17-2023" rel="alternate"/>
                        <description><![CDATA[Egyptian edtech almentor raises 10m funding to expand Highlights Egypt based edtech almentor has raised 10 million in a pre Series C round led by e amp capital alongside existing investors Partech Sawari Ventures Egypt Ventures Sango Capital and Endure Capital Founded in 2016 almentor is an Arabic video based online learning platform accessible through B2C and B2B channels The proceeds will be used to accelerate the startup s growth increase its investment in the B2C segment and expand to Saudi Arabia Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 17 Mar 2023 11:37:20 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 16 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-16-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-16-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-16-2023" rel="alternate"/>
                        <description><![CDATA[Volkswagen opens a new vehicle assembly facility in Accra Highlights German carmaker Volkswagen has launched a new vehicle assembly facility in Accra a hugely positive development for the automotive industry in Ghana which also boosts foreign direct investment inflows nbsp With this move Volkswagen also takes over the new vehicle assembly responsibility from its licensed importer in Ghana Universal Motors Limited UML nbsp The new 5 000 meter square vehicle assembly facility has an installed capacity to assemble 5 000 units annually The facility is expected to create about 100 jobs initially including local third party service suppliers]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 16 Mar 2023 12:25:34 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 15 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-15-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-15-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-15-2023" rel="alternate"/>
                        <description><![CDATA[Nigeria launches 672m tech fund for young investors Highlights Nigeria launched a 672 million fund this week to support tech and creative sectors for young investors who struggle to raise capital in Africa s largest economy African Development Bank will put in 170 million 116 million will come from Agence Francaise de Developpement and another 70 million from Islamic Development Bank The government through the Bank of Industry Nigeria will release 45 million while the private sector pledged 271 million Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 15 Mar 2023 13:24:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 14 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-14-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-14-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-14-2023" rel="alternate"/>
                        <description><![CDATA[Flat6Labs launches new 95m fund to back African startups Highlights Egypt based seed stage accelerator is setting out on a foray into East and West Africa through a 95 million Africa Seed Fund investment vehicle that will mark its first venture outside the Middle East and North Africa MENA Flat6Labs also a seed accelerator previously administered country specific funds including a 10m seed fund in Tunisia It is only now that it is running a fund for startups in multiple countries The expansion is planned to be gradual with two thirds of its allocations still going to enterprises in North Africa Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 14 Mar 2023 12:32:13 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 13 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-13-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-13-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-13-2023" rel="alternate"/>
                        <description><![CDATA[Naspers shuts down its Foundry South Africa s largest VC fund Highlights Naspers Africa s most valuable company by market capitalization has shut down its 100 million venture capital fund Naspers Foundry as part of general efforts to scale down its operations Post the sunsetting of the fund the Foundry will continue to maintain the investments it has made which include startups like Naked Insurance SweepSouth and most recently Planet42 s 100 million mega round However Naspers plans to continue supporting the development of SA s early stage tech sector Since its launch in 2019 Naspers Foundry has funded over nine startups to the tune of aroun]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 13 Mar 2023 12:08:46 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 10 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-10-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-10-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-10-2023" rel="alternate"/>
                        <description><![CDATA[African Development Bank issues 2bn global benchmark bond Highlights The African Development Bank AfDB has issued a 2 billion 5 year Global Benchmark bond due on March 14 2028 marking its first bond issue of the year The bond garnered good investor demand drawing an order of 2 1 billion by the time books officially opened from 95 investors including Central Banks and Official Institutions The raise is part of the banks funding strategy of issuing large liquid benchmark transactions and eventually exceeded 3 5 billion Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 10 Mar 2023 12:15:33 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 9 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-9-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-9-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-9-2023" rel="alternate"/>
                        <description><![CDATA[Nigeria is first African country to have open banking regulation Highlights Nigeria has become the first country in Africa to adopt open banking regulations which will encourage innovation in the country s banking industry nbsp The regulations and guidelines for open banking were approved by the Central Bank of Nigeria CBN in a circular dated March 7 2023 nbsp The operational guidelines provide rules for how banks and third party financial institutions interact with customer data and also provide responsibilities and expectations for the various participants Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 09 Mar 2023 12:45:21 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 8 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-8-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-8-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-8-2023" rel="alternate"/>
                        <description><![CDATA[New 10m fund to support climate smart agric in Kenya Highlights Absa Bank Kenya PLC and the eco business Fund have announced a 10 million partnership for the bank to on lend to domestic and export businesses participating in the countrys agricultural value chains nbsp The funding line is expected to improve resource efficiency increase food security and mitigate the effects of climate change in the agricultural sector nbsp As part of the collaboration the two organizations will work to improve the availability and quality of funding dedicated to agricultural value chains as well as to promote sustainable practices across the sector nbsp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 08 Mar 2023 12:11:34 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 7 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-7-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-7-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-7-2023" rel="alternate"/>
                        <description><![CDATA[Egypt becomes the first North African shareholder in AFC Highlights Egypt has joined Africa Finance Corporation AFC the continent s infrastructure solutions provider as the first North African sovereign shareholder further diversifying the corporation s expanding equity investor base As the largest North African economy Egypt s investment leads the way for other countries and investors from the region to join AFC s shareholders and use its platform to boost regional trade and co investment opportunities With a membership of 39 countries now and total investments of 11 5 billion over 16 years the Corporation continues to support economic growth a]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 07 Mar 2023 12:50:45 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 6 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-6-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-6-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-6-2023" rel="alternate"/>
                        <description><![CDATA[NGX PAPSS partner to boost cross border securities trading in Africa Highlights The Nigerian Exchange NGX and Pan African Payments Settlement System PAPSS have signed a deal to integrate their payment systems in a bid to boost cross border securities transactions across African capital markets The integration of PAPSS into the cross border capital market framework is expected to fix issues with currency convertibility reduce costs shorten processing and settlement times and foster access to capital With the latest development investors should enjoy a more efficient and cost effective way of investing in securities in other African markets]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 06 Mar 2023 11:57:20 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 3 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-3-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-3-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-3-2023" rel="alternate"/>
                        <description><![CDATA[Huawei eyes Africas 4 5bn data center and cyber security market Highlights Huawei Technologies is going after Africa s data centers and cyber security industries which estimates suggest could hit 4 billion in 2026 as storage and computing power become core strategic areas for organizations on the continent Focusing on data center infrastructure innovation the Chinese tech giant aims to lead the development of capabilities to process massive and diversified computing power in data centers and help enterprises against cyber threats nbsp With connectivity remaining crucial to digitalization and networks central to connectivity the company int]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 03 Mar 2023 13:05:51 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 2 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-2-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-2-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-2-2023" rel="alternate"/>
                        <description><![CDATA[Zoetis gets 15 3m to boost livestock production in Africa Highlights Global animal health company Zoetis has received a 15 3 million grant from the Bill amp Melinda Gates Foundation to further develop and integrate solutions aimed at improving livestock health and productivity in Sub Saharan Africa The grant will help Zoetis to expand its original African Livestock Productivity and Health Advancement A L P H A initiative to include aquaculture in addition to cattle poultry and swine in seven more countries More so this new funding will boost access to veterinary products services and diagnostic tools to increase the productivity of smallhold]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 02 Mar 2023 12:16:17 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: March 1 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-1-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-1-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-1-2023" rel="alternate"/>
                        <description><![CDATA[Airtel Africa plans to boost CAPEX spending to 750m Highlights Airtel Africa Plc plans to increase its capital expenditure to as much as 750 million this year from 656 million in the year through March as it moves to build its mobile money business across the continent The wireless carrier plans to further develop its technology platform and distribution infrastructure Chief Executive Officer Segun Ogunsanya said Airtel Africa with operations in 14 African countries is looking to ramp up its mobile money offering in Nigeria where the government is promoting cashless payments The company s financial service dubbed Airtel Money is its fastest]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 01 Mar 2023 12:27:31 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 28 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-28-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-28-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-28-2023" rel="alternate"/>
                        <description><![CDATA[South Africa s unemployment drops for 4th straight quarter Highlights South Africa s official unemployment rate fell for the fourth consecutive quarter in October December moving further away from a record high struck during the COVID 19 pandemic Unemployment fell to 32 7 in the final three months of 2022 from 32 9 in the July September period the statistics agency said on Tuesday But the total number of unemployed people edged up to 7 753 million people in October December from 7 725 million in the previous three months Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 28 Feb 2023 13:09:54 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 27 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-27-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-27-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-27-2023" rel="alternate"/>
                        <description><![CDATA[Banking giant JP Morgan opens regional office in Nairobi Highlights JP Morgan the world s largest bank by market capitalization which is headquartered in New York now has a regional office in Nairobi Kenya nbsp This move further underscores the African ambitions of the American banking giant nbsp as it is now present in Nigeria Egypt South Africa and now Kenya The bank will now oversee its East African businesses and operations from the new office as it moves to coordinate and expand its relationships in Africa especially in Kenya and Ghana nbsp nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 27 Feb 2023 13:00:55 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 24 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-24-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-24-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-24-2023" rel="alternate"/>
                        <description><![CDATA[Investors tap into Africa s 3trn climate finance opportunity Highlights Africa is eying increased climate investment inflows as foreign and local banks private equity firms and startups begin to roll out green finance initiatives to accelerate the clean energy transition Standard Bank and UK headquartered Standard Charted are some of the lenders that have made the biggest commitments so far in local green finance mobilization on the continent The African Development Bank AfDB also recently announced plans for an African Green Finance Facility Fund AG3F scheduled for launch this year to tap into a lending opportunity it values at 3 trillion nbsp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 24 Feb 2023 12:23:33 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 23 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-23-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-23-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-23-2023" rel="alternate"/>
                        <description><![CDATA[Kholo Cap bags 47m for impact investments in South Africa Highlights South Africa based Kholo Capital Mezzanine Debt Fund I has secured R870 million around 47 million in commitments for long term investment in Southern Africa i e South Africa Botswana Namibia Lesotho and Swaziland The fund will invest in companies generating a minimum of R25 million EBITDA across various growth sectors of the economy providing access to capital within a preferred range of R50 to R200 million per investment The firm s founder and managing partner Zaheer Cassim believes that mezzanine debt funding is attractive because it provides companies with a tailored]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 23 Feb 2023 12:43:11 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 22 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-22-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-22-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-22-2023" rel="alternate"/>
                        <description><![CDATA[SA car subscription service Planet42 raises 100m Highlights Planet42 a South Africa based car subscription company that buys used cars from dealerships and rents to customers via a subscription model has raised 100 million in equity and debt from a wide range of investors Naspers Foundry and ARS Holdings co led the 15 million equity round which saw participation from existing and new shareholders Rivonia Road Capital provided a 75 million credit facility while private investors added 10 million in debt The new funding is expected to rapidly scale Planet42 s business and provide a million cars globally to people excluded from traditional car fin]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 22 Feb 2023 12:40:12 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 21 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-21-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-21-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-21-2023" rel="alternate"/>
                        <description><![CDATA[Sasol launches 53m VC fund for decarbonization ambitions Highlights South African energy giant Sasol has launched Sasol Ventures to advance its decarbonization and 2050 net zero ambitions through venture capital The fund will pursue investments in startup and early stage technologies that will enable Sasol to meet the need for sustainable chemicals and energy solutions to decarbonize its business communities and markets it serves globally It will invest 53 million over the next five years making it the largest chemicals and industry venture capital fund in South Africa Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 21 Feb 2023 12:05:31 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 20 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-20-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-20-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-20-2023" rel="alternate"/>
                        <description><![CDATA[Bolt earmarks 534 million to expand its services in Africa Highlights Ride hailing giant Bolt has said it will invest more than 500 million to enhance its operations across Africa over the next two years The company says the funds will be used to expand services in the region and create opportunities for over 300 000 new drivers and couriers to join the platform in 2023 The announcement was made by company founder and CEO Villig Markus while leading a team of Bolt s global leadership on a tour to meet the company s teams in Kenya and South Africa Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 20 Feb 2023 11:32:19 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 17 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-17-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-17-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-17-2023" rel="alternate"/>
                        <description><![CDATA[Bitcoin hits six month high as investors rush into crypto Highlights Bitcoin touched a six month high on Thursday swept higher with equities and other relatively risky assets as investors gained confidence in the economic outlook and dismissed concern about regulatory scrutiny of the sector The worlds largest cryptocurrency reached 24 895 on Thursday its highest since August 2022 after jumping 9 5 on Wednesday Broadly global securities rose as economic data from around the world drove hopes the economy might face a softer landing than feared a few months ago Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 17 Feb 2023 12:04:18 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 16 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-16-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-16-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-16-2023" rel="alternate"/>
                        <description><![CDATA[Starlink to pilot in Rwanda ahead of launch this month Highlights Schools are among Rwandan institutions given priority to benefit from the satellite based internet soon to be provided by Starlink per the Minister of ICT and Innovation Paula Ingabire The regulator Rwanda Space Agency RSA recently approved Starlink s registration paving the way for the firm to start offering internet access services to the local market The initial plan is to pilot it in at least 500 schools with the Space X owned service scheduled to be up and running in the East African country by February 22 Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 16 Feb 2023 12:14:47 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 15 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-15-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-15-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-15-2023" rel="alternate"/>
                        <description><![CDATA[Kenyas data center market to generate over 100m Highlights Per a recent report Kenyas data center market is at a growing stage with revenues expected to reach 100 million by 2027 driven by the growing demand from SMEs and rising internet penetration rate Kenyans preference for mobile commerce is also contributing to an increase in the demand for data centers in the nation nbsp Additionally new entrants like Africa Data Centers are significantly accelerating market expansion in the upcoming years by meeting the demands of regional businesses and cloud service providers Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 15 Feb 2023 12:41:13 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 14 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-14-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-14-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-14-2023" rel="alternate"/>
                        <description><![CDATA[Active investors in African tech grew by 28 in 2022 Highlights The number of active investors in African tech startups increased by 28 to almost 1 000 in 2022 yet this was a slower rate of growth than witnessed in previous years This is according to the eighth edition of the annual African Tech Startups Funding Report recently released by Disrupt Africa The report tells the story of an impressive 2022 in which more startups raised more funding than ever before in spite of a global downturn in investments Source Disrupt Africa]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 14 Feb 2023 11:54:50 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 13 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-13-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-13-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-13-2023" rel="alternate"/>
                        <description><![CDATA[Cleantech Qotto plans further growth backed by 8m funding Highlights Qotto a solar kits provider with operations in Burkina Faso and Benin has raised 8 million in a Series A equity debt funding from the Mauritius headquartered IBL group and other investors Founded in 2016 Qotto designs and distributes stand alone solar kits and lanterns to individuals residing in the least electrified regions of Africa through a pay to own model Qotto plans to scale in existing markets and expand to Ivory Coast where it is set to begin operations by next month Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 13 Feb 2023 12:10:43 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 10 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-10-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-10-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-10-2023" rel="alternate"/>
                        <description><![CDATA[OPEC Fund backs AFC s infrastructure funding with 50m Highlights The OPEC Fund for International Development and Africa Finance Corporation AFC this week signed a 50 million loan agreement to finance the development of infrastructure critical to economic growth and job creation across Africa The facility doubles the OPEC Funds commitment to AFC following an initial 50 million 10 year loan provided in January 2021 and builds on collaboration initiated through a cooperation agreement in 2017 Proceeds of the 10 year funding will be used to improve connectivity transport logistics and trade and to boost access to energy across the African con]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 10 Feb 2023 11:27:39 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 9 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-9-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-9-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-9-2023" rel="alternate"/>
                        <description><![CDATA[Egyptian health startup Yodawy raises 16m Series B Highlights Egypt based Yodawy has raised 16 million in the first close of its Series B round bringing the total amount raised to date to 24 5 million nbsp nbsp nbsp Founded in 2018 the startup offers a marketplace where patients can process prescriptions and place online orders for medicines and also connects patients to medical labs and insurance companies Yodawy plans to use the fresh funding to drive the growth of its signature Care Programme for chronic patients continue to automate its operations as well as support its regional expansion strategy nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 09 Feb 2023 12:39:21 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 8 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-8-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-8-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-8-2023" rel="alternate"/>
                        <description><![CDATA[Partech fund closes at 263m to invest in African startups Highlights Partech the global VC firm with several funds has reached the first close of Partech Africa II at 263 million making it the largest Africa focused fund yet nbsp The firm which focuses on early and growth stage startups across the continent intended to raise about 230 million 250 million for its second African fund and reach a first close at 150 million However overwhelming interest from LPs meant Partech Africa II surpassed what was initially set for the entire fund at first close The African fund will now seek to reach a final close of not more than 300 million]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 08 Feb 2023 12:18:06 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 7 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-7-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-7-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-7-2023" rel="alternate"/>
                        <description><![CDATA[Vantage reaches final close of 4th mezzanine fund at 377m Highlights Vantage Capital one of Africa s largest mezzanine fund managers has announced the final close on its fourth mezzanine fund nbsp A total of 377 million of commitments has been secured from a mix of European and US based commercial investors as well as a host of development finance institutions DFIs that include IFC BII SIFEM DEG Norfund Swedfund Finnfund and EIB As with its predecessor funds Vantage plans to continue providing mid sized African businesses with flexible capital to drive business expansion and support job creation Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 07 Feb 2023 11:53:18 +0000</pubDate>
                        
                        
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                        <title>Investors update: February 6 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-6-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-6-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-6-2023" rel="alternate"/>
                        <description><![CDATA[VC funding in Africa surged by 55 to 3 3bn in 2022 Highlights Investment in Africa s tech startup ecosystem passed the 3 billion mark for the first time in 2022 with the space withstanding global economic headwinds to post a record year This is according to the annual African Tech Startups Funding Report released by startup news and research portal Disrupt Africa Though Nigeria and the rest of the big four remain clear leaders there is still plenty of activity elsewhere on the continent with startups backed in 27 African countries Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 06 Feb 2023 12:36:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 3, 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-3-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-3-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-3-2023" rel="alternate"/>
                        <description><![CDATA[Nigeria ranks top in crypto usage ownership globally Highlights A new study by Trading Browser has ranked Nigeria first by the number of users and owners of cryptocurrencies in the world The study ranks countries based on the proportion of the population that reported that they used or owned cryptocurrency each year from 2019 to 2022 Nigeria tops the list with 45 of the population over 90 million people using or owning cryptocurrency in 2022 That s almost 1 5x the population of the United Kingdom Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 03 Feb 2023 12:13:21 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 2, 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-2-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-2-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-2-2023" rel="alternate"/>
                        <description><![CDATA[MTN Nigeria hits N2trn 4 3bn revenue mark Highlights Nigeria s largest telecommunications company MTN became the first publicly listed company to hit the N2 trillion around 4 3 billion mark in revenues MTN first cross N1 trillion in revenues in 2019 meaning it has taken the company just three years to surpass N2 trillion in revenues The company released its 2022 audited financial statements posting a 21 6 rise in revenues from the N1 6 trillion reported in 2021 which was also record breaking and a blistering N358 8 billion in profit after tax Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 02 Feb 2023 12:51:52 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: February 1 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-1-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-1-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-1-2023" rel="alternate"/>
                        <description><![CDATA[Egypt s MNT Halan clinches 1bn valuation after raising 400m Highlights Egyptian fintech and e commerce ecosystem MNT Halan has raised up to 400 million in equity and debt financing from local and global investors as it continues to serve underbanked and unbanked customers in the North African country The round includes 260 million in equity financing and 140 million through two securitized bond issuances secured within the past year investments that will now see MNT Halan command a post money valuation of about 1 billion The company plans to expand internationally after solid growth in Egypt and progress on a swap agreement between super app Hala]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 01 Feb 2023 12:24:44 +0000</pubDate>
                        
                        
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                        <title>Investors update: January 31 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-31-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-31-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-31-2023" rel="alternate"/>
                        <description><![CDATA[Adenia Partners reaches 300m first close for fund V Highlights Adenia Partners a private markets investment firm focused on Africa has announced the first close of its fifth flagship fund Adenia Capital V L P with 300 million commitments from investors The Fund exceeded its first close minimum threshold achieving 75 of its target size and attracting returning institutional and commercial investors as well as new investors nbsp Adenia V has a target size of 400 million and will continue the firm s long term investment strategy of making control investments in medium sized ESG focused companies across Africa Sou]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 31 Jan 2023 12:28:53 +0000</pubDate>
                        
                        
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                        <title>Investors update: January 30 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-30-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-30-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-30-2023" rel="alternate"/>
                        <description><![CDATA[Convergence Partners raises 296m Africa tech fund Highlights Buyout firm Convergence Partners has raised 296 million to buy African technology assets Chairman Andile Ngcaba was quoted as saying by Bloomberg The capital raise one of the first private equity funds secured for sub Saharan Africa this year will bring the total funds under management at Convergence to about 600 million nbsp The new money which surpassed the firm s initial target by over 18 is mainly from previous investors development agencies and pension funds in the US UK Europe and Africa Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 30 Jan 2023 12:04:13 +0000</pubDate>
                        
                        
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                        <title>Investors update: January 27 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-27-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-27-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-27-2023" rel="alternate"/>
                        <description><![CDATA[Africa expected to have 57m pay TV subscribers by 2028 Highlights About 16 million pay TV subscribers will be added in Africa between 2022 and 2028 to take the total to 57 million per Research and Markets Subscriber numbers will climb by 38 over this period but pay TV revenues will rise by only 29 indicating that subscribers will pay less Pay TV revenues will reach 6 44 billion by 2028 up from 4 99 billion in 2022 Three groups account for 89 of Africas pay TV subscribers Multichoice through its DStv and GOtv platforms will continue to lead with 21 million subscribers expected by 2028 StarTimes StarSat 19 million and]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 27 Jan 2023 12:35:59 +0000</pubDate>
                        
                        
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                        <title>Investors update: January 26 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-26-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-26-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-26-2023" rel="alternate"/>
                        <description><![CDATA[VC funding drives marketing tech growth in Africa Highlights Twelve marketing tech startups in Africa raised capital last year up 20 in 2021 and between them these startups banked 34 7 million per Disrupt Africa This represented 1 of the total funding secured by African startups and was an increase of 242 in 2021 The sector maintained strong growth in this regard with 2021 having been up 281 5 in 2020 A major benefit of online marketing is cost meaning startups are more likely to adopt a digital first approach to marketing Demand is growing and though investor interest remains nascent notable rounds have occurred]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 26 Jan 2023 12:34:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 25 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-25-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-25-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-25-2023" rel="alternate"/>
                        <description><![CDATA[GreenCo gets 54m EU guarantee to support Africa expansion Highlights The European Fund for Sustainable Development plus EFSD has approved a 54 million guarantee to support GreenCo s expansion within Southern Africa in Zambia Namibia Zimbabwe and South Africa The guarantee provides a backstop to long term market risk on the Southern African Power Pool and will cover outstanding debt lent to IPPs in GreenCo s portfolio in the event that GreenCo becomes unable to fully service the PPA GreenCo s proposal was developed with and submitted by the Danish Investment Fund for Developing Countries IFU one of its investors]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 25 Jan 2023 12:06:32 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 24 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-24-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-24-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-24-2023" rel="alternate"/>
                        <description><![CDATA[Debt rounds fuel funding growth in Africa s tech ecosystem Highlights African startups more than doubled the amount of debt they raised last year a surge that may continue as an economic slowdown makes equity funding more expensive and unsustainable over the long term Companies on the continent raised 1 55 billion in 71 debt deals in 2022 suggesting it s become a solid alternative source of capital for African technology startups Partech Partners said in a report Total funding invested into tech startups on the continent reached 6 5 billion an increase of 8 vs 2021 spread across 764 deals compared to 724 rounds in 2021]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 24 Jan 2023 12:35:13 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor update: January 23 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-january-23-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-january-23-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-january-23-2023" rel="alternate"/>
                        <description><![CDATA[Nigerian equities bullish as bellwether stocks rally Highlights The Nigerian equities market closed bullish in the week ended 20th January as the All Share Index appreciated by 0 16 This follows a 2 52 growth recorded in the previous week The benchmark index appreciated from 52 512 48 points recorded as of the end of the previous week to close at 52 594 68 index points Last week s rally brought the month to date performance of the Nigerian stock market to 2 62 with the market capitalization at around N29 trillion 63 billion Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 23 Jan 2023 12:17:59 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 20 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-20-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-20-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-20-2023" rel="alternate"/>
                        <description><![CDATA[Africa s economic growth to outpace global forecast Highlights Africa is set to outperform the rest of the world in economic growth over the next two years with real gross domestic product GDP averaging around 4 in 2023 and 2024 This is higher than projected global averages of 2 7 and 3 2 the African Development Bank Group said in Africa s Macroeconomic Performance and Outlook report for the region The report shows that all the continent s five regions remain resilient with a steady outlook for the medium term despite facing significant headwinds due to global socio economic shocks Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 20 Jan 2023 12:04:42 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 19 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-19-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-19-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-19-2023" rel="alternate"/>
                        <description><![CDATA[Bitcoin breaches 21 000 mark in bullish start to 2023 Highlights Bitcoin has started the New Year on a bullish note having gained over 25 in the past two weeks of 2023 to trade above 21 000 With its market capitalization now over 400 billion Bitcoin is now more valuable than the likes of MasterCard and Meta The largest cryptocurrency by market capitalization has held steady above the 21 000 mark a level it has not traded since November of 2022 but breached last weekend Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 19 Jan 2023 12:00:26 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 18 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-18-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-18-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-18-2023" rel="alternate"/>
                        <description><![CDATA[BITKRAFT a16z back Carry1st in 27m funding round Highlights Carry1st has raised a 27 million pre Series B round led by BITKRAFT Ventures with participation from Andreessen Horowitz a16z TTV Capital Alumni Ventures Lateral Capital Kepple Ventures and Konvoy nbsp The financing comes on the heels of a successful partnership with Call of Duty Mobile in South Africa in Q4 2022 and new partnerships set to launch in 2023 Last January Carry1st raised a 20 million Series A extension round which followed the 6 million it raised in May 2021 It will use the new funding to develop license and publish new games as well as further expand]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 18 Jan 2023 12:18:29 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 17 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-17-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-17-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-17-2023" rel="alternate"/>
                        <description><![CDATA[Telecel gets regulatory nod to acquire Vodafone Ghana Highlights Ghana has granted Vodafone International Holdings approval to sell its 70 stake in Vodafone Ghana to Telecel Group currently the second largest mobile phone network in Zimbabwe which is owned by French business tycoon Hugues Mulliez The National Communications Authority NCA approved the sale after Telecel submitted a revised financial and technical proposal in December In a statement the Authority revealed that the revised proposal from the Buyer meets the regulatory threshold and hence has granted conditional approval for the transfer of shares to the buyer]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 17 Jan 2023 12:41:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 16 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-16-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-16-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-16-2023" rel="alternate"/>
                        <description><![CDATA[Africa sees major increase in finance app installs Highlights There was a significant increase in the installation of finance apps across Africa between 2021 and 2022 per a report by AppsFlyer and Google The study analyzed more than 140 million installs across 3 000 finance apps and found that installs across the continent grew 25 during that period Ghana Nigeria Kenya and South Africa were the main contributors to this rise in finance app installs The former largely bolstered this by a massive 200 followed by Nigeria which saw an increase of 33 Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 16 Jan 2023 12:59:32 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 13 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-13-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-13-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-13-2023" rel="alternate"/>
                        <description><![CDATA[Nigeria s equities exchange sustains positive run Highlights Nigeria s equities market is continuing with its positive run impacted by gains recorded in medium and large cap stocks The NGX closed today s trading activities with a gain of N174 billion 385 million in market capitalization as bulls maintained their grip on the local bourse The All Share Index ASI increased by 0 61 to close at 52 048 85 points In the same vein market breadth closed positive as Ellah Lakes led 35 gainers with 6 losers topped by AbbeyBDS at the end of today s session Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 13 Jan 2023 12:52:59 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 12 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-12-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-12-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-12-2023" rel="alternate"/>
                        <description><![CDATA[Bitcoin jumps above 18k to highest level in a month Highlights Bitcoin has surged to its highest price in nearly a month as traders bet on a US inflation cooldown and lawyers for defunct crypto exchange FTX found billions of dollars worth of assets The digital currency climbed above 18 000 for the first time since December 14 increasing in value by about 5 in the last 24 hours Still Bitcoin is down about 74 from its November 2021 all time high of 68 990 and last year nearly 1 4 trillion of value was wiped off the cryptocurrency market as traders dumped risky assets like technology and growth stocks Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 12 Jan 2023 12:43:40 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 11 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-11-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-11-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-11-2023" rel="alternate"/>
                        <description><![CDATA[BioNTech acquires Tunisia s InstaDeep for 680m Highlights BioNTech SE is set to acquire InstaDeep a Tunis born and U K based artificial intelligence AI startup for up to 562 million 680 million The company will reportedly pay 362 million a mix of cash and an undisclosed amount of BioNTech shares upfront The remaining 200 million is dependent on how InstaDeep performs in the future The German vaccine maker intends to use InstaDeep s machine learning to improve its drug discovery process including developing personalized treatments tailored to a patient s cancer Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 11 Jan 2023 10:19:29 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 10 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-10-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-10-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-10-2023" rel="alternate"/>
                        <description><![CDATA[Multinational banking giant HSBC backs Egypt s KarmSolar Highlights Egypt based cleantech KarmSolar has received 3 million in debt financing from HSBC to finance the development of the Farafra Solar Grid its second grid solution after the Marsa Alam Solar Grid in Egypt Founded in 2011 KarmSolar provides several sectors in Egypt with renewable energy as part of its target to enlarge the private clean energy market The project aims to provide 60 solar penetration with a three year goal to reach 100 when it becomes fully operational by Q3 2023 Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 10 Jan 2023 11:45:45 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 9 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-9-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-9-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-9-2023" rel="alternate"/>
                        <description><![CDATA[Airtel acquires new 316 7m spectrum in Nigeria nbsp Highlights Airtel Africa Plc s Nigerian subsidiary Airtel Networks Limited has acquired 100 MHz of spectrum in the 3500MHz band and 2x5MHz of 2600MHz from the Nigerian Communications Commission NCC The announcement was made in a notice to the Nigerian Exchange Limited as seen by Nairametrics The deal was for a gross consideration of 316 7 million and will be paid in Nigeria s local currency the naira Source Company s]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 09 Jan 2023 12:42:02 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 6 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-6-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-6-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-6-2023" rel="alternate"/>
                        <description><![CDATA[South African factory activity expands in December Highlights South African manufacturing activity expanded in December but business activity deteriorated further in the month due to persistent rotational power cuts The seasonally adjusted Absa Purchasing Managers Index PMI rose to 53 1 points in December from 52 6 points in November While the headline number is positive the underlying picture is more mixed Most concerning was the business activity index which deteriorated further in December according to Absa Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 06 Jan 2023 11:48:47 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 5 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-5-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-5-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-5-2023" rel="alternate"/>
                        <description><![CDATA[Ethereum deal volume surpassed Bitcoin s last year Highlights The total transactions on the Ethereum network tore through that of Bitcoin by more than fourfold in 2022 data from DollarGeek has shown Data from Nasdaq and Ycharts shared on Reddit on January 2 2023 showed that there were 338 more Ether transactions in 2022 408 5 million than Bitcoin ones 93 1 million Nonetheless according to Google trend searches Bitcoin retained its crown regarding online search interest About 28 41 million people googled Bitcoin during the year Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 05 Jan 2023 12:21:15 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 4 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-4-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-4-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-4-2023" rel="alternate"/>
                        <description><![CDATA[African startups raised 4 85bn venture funding in 2022 Highlights Startups in African countries raised around 4 85 billion in 2022 per data from The Big Deal which tracks venture funding on the continent nbsp That figure could cross the 5 billion threshold after delayed funding announcements from investors are made More than 1 000 deals of 100 000 or more were announced in 2022 an 11 year on year increase from 2021 More so 75 of the total fund raised were in the big four countries Nigeria 1 2bn Kenya 1 1bn Egypt 820m and South Africa 550m while fintech startups maintained their dominance with 37 of deals in the year]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 04 Jan 2023 12:24:55 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 3 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-3-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-3-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-3-2023" rel="alternate"/>
                        <description><![CDATA[Private equity funding surged in Africa last year Highlights More than 7 2 billion was raised in private equity funding on the continent through the first three quarters of 2022 almost completely surpassing 2021 s numbers nbsp This is according to data from the African Private Equity and Venture Capital Association AVCA In the first six months of the year the number of VC operations exploded with a total of 338 deals against just 195 over the same period 12 months prior Though 2022 s fourth quarter numbers have not yet been released last year is likely to be one of the best in the history of African private equity]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 03 Jan 2023 12:11:22 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: January 2 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-2-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-2-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-2-2023" rel="alternate"/>
                        <description><![CDATA[Weak growth but strong markets expected in 2023 Highlights The global economic and investment landscape in 2022 was subject to three strong headwinds aggressive interest rate tightening to contain inflation China s zero Covid 19 policy and the invasion of Ukraine by Russia Africa s recovery from the pandemic induced slump was abruptly interrupted last year Economic activity bounced back in 2021 with GDP growing 4 7 but it s expected to slow sharply to 3 6 in 2022 A lot of uncertainty remains around the same headwinds that rocked the global economy this year but there are many reasons to be positive about 2023 especially as it concerns Africa s]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 02 Jan 2023 12:38:52 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 23 2023</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-23-2023</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-december-23-2023</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-23-2023" rel="alternate"/>
                        <description><![CDATA[Kenya s Cellulant anticipates 30bn in payments processed this year Highlights In 2021 Cellulant a pan African payments company processed approximately 214 million transactions totaling 12 3 billion across 35 African markets and for over 200 million Africans The Kenya born company anticipates that figure to hit 30 billion making it one of the continent s foremost payment companies alongside Nigerian giants Flutterwave and Interswitch Cellulant offers a unique set of capabilities to serve as the one stop payment platform for companies Its flagship Tingg platform helps businesses address the problems associated with collections and]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 23 Dec 2022 13:17:13 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 22 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-22-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-december-22-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-22-2022" rel="alternate"/>
                        <description><![CDATA[World Bank approves 311m for West African solar project nbsp Highlights The World Bank approved 311 million for the new Regional Emergency Solar Power Intervention Project RESPITE this week nbsp RESPITE is aimed at increasing the grid connected renewable energy capacity of the participating West African countries Chad Liberia Sierra Leone and Togo The project also includes a 20 million grant to help facilitate future regional power trade and strengthen the institutional and technical capacities of the West Africa Power Pool Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 22 Dec 2022 12:54:54 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 21 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-21-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-december-21-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-21-2022" rel="alternate"/>
                        <description><![CDATA[More broadband rollout expected in Africa next year Highlights African countries are looking to roll out more broadband networks in 2023 as mobile and internet service providers expand their investment in undersea and land based cables The recent landing of a 45 000 kilometer subsea cable in South Africa by MTN is just the latest major investment in internet infrastructure on the continent In addition internet services originating in space become a financially viable option for some consumers Broadband gives users access to faster internet with a minimum of 25 Mbps in download and 3 Mbps in upload speeds Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 21 Dec 2022 12:20:56 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 20 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-20-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-december-20-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-20-2022" rel="alternate"/>
                        <description><![CDATA[IMF clears 447m for Kenya to address debt reforms Highlights The International Monetary Fund has agreed to lend Kenya about 447 million to help shore up its finances and boost its dwindling reserves That s according to a statement from the Washington based lender released Monday after the executive board completed a review of its loan programs The money includes an augmentation of about 216 million and brings the cumulative disbursements to Kenya under existing arrangements to about 2 4 billion nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 20 Dec 2022 12:53:14 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 19 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-19-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-december-19-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-19-2022" rel="alternate"/>
                        <description><![CDATA[Africa attracts 11bn investment commitment at US summit Highlights At the US Africa Business Forum the United States International Development Finance Corporation DFC announced active commitments across Africa totaling more than 11 billion nbsp That includes 369 million of new active commitments announced as part of the US Africa Leaders Summit In line with the Joe Biden Administration s commitment to expanding and modernizing the U S partnership with Africa DFC invests with the private sector in projects that support economic growth Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 19 Dec 2022 12:41:02 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 16 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-16-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-december-16-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-16-2022" rel="alternate"/>
                        <description><![CDATA[Africa focused Sun King expands its Series D to 330m Highlights Sun King a provider of off grid solar energy products in Africa and Asia has secured a 70 million equity investment led by LeapFrog Investments nbsp It s an extension of the 260 million Series D round the solar company announced this April which was led by BeyondNetZero the climate investing venture of General Atlantic and M amp G Investments Catalyst and Arch Emerging Markets Partners nbsp Thus Sun King has closed its Series D round at 330 million and as a result raised over 550 million in debt and equity since its inception Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 16 Dec 2022 12:01:25 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 15 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-15-2022</link>
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                        <description><![CDATA[Visa to invest 1bn in Africa over the next five years Highlights Global payments giant Visa says it will invest 1 billion by 2027 to expand its investments in Africa amidst a digital payments boom on the continent Visa chief Al Kelly announced this pledge on Wednesday during the U S Africa Business Forum a sub event in the broader US Africa Leaders Summit The pledge will further scale Visa s operations in Africa and deepen collaboration with strategic partners including governments financial institutions mobile network operators fintech startups and merchants Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 15 Dec 2022 13:58:36 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 14 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-14-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-14-2022" rel="alternate"/>
                        <description><![CDATA[AfDB mobilizes 8 9bn for its African Development Fund Highlights The African Development Fund has raised 8 9bn from international donors to lend and grant to low income countries in the 2023 2025 financing cycle The Fund lends on highly concessional terms and provides grants to the less developed members of the Bank using a performance based allocation system to ensure efficiency and equity nbsp The support is cheaper than the near market rates of interest that wealthier African countries pay to access Bank support nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 14 Dec 2022 12:21:35 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 13 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-13-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-13-2022" rel="alternate"/>
                        <description><![CDATA[IMF agrees 3bn bailout for Ghana to stabilize economy Highlights Ghana has secured a staff level agreement with the International Monetary Fund IMF for a 3 billion bailout an essential step in the West African nation s plans to restructure its unsustainable debt The accord which still requires IMF board approval enables the government to address its precarious public finances and support the cedi the world s worst performing currency this year nbsp The IMF statement said Ghanas government had committed to a wide ranging economic reform program that will restore stability and debt sustainability]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 13 Dec 2022 11:47:13 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 12, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-12-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-12-2022" rel="alternate"/>
                        <description><![CDATA[New platform links seven African capital markets Highlights The African Exchanges Linkage Project AELP has launched an e platform The AELP Link enabling seamless cross border securities trading among seven African stock exchanges representing 2 000 companies with roughly 1 5 trillion market capitalization The AELP Link Trading Platform unveiled on December 7 incorporates stock market integration an order routing system and market and order book data sharing nbsp nbsp AELP is a joint initiative of the African Securities Exchanges Association ASEA and the African Development Bank nbsp Through a grant from Korea Africa Economic Cooperation T]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 12 Dec 2022 12:15:36 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 9 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-9-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-9-2022" rel="alternate"/>
                        <description><![CDATA[Moove bags fresh 30m debt to fund UAE expansion Highlights Nigerian mobility fintech startup Moove Uber s exclusive vehicle financing and vehicle supply partner in Sub Saharan Africa has secured 30 million from a debut Sukuk issuance to fund its expansion into the United Arab Emirates UAE Founded in 2019 by Ladi Delano and Jide Odunsi Moove is democratizing vehicle ownership in Africa by providing revenue based vehicle financing to mobility entrepreneurs Moove sells customers new vehicles financing up to 95 of the purchase and embeds its alternative credit scoring technology onto ride hailing and e logistics platforms allowing access to prop]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 09 Dec 2022 12:14:57 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 8 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-8-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-8-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria stock exchange closes positive as investors gain 72m Highlights Trading activities on the floor of the Nigerian Exchange NGX closed Wednesday s session with a gain of N32 billion 72 million in market capitalization as bulls regained their grip on the local bourse nbsp nbsp The All Share Index ASI increased by 0 12 to close at 48 426 49 points In the same vein market capitalization appreciated by N32 billion nbsp nbsp As of the close of the market on Wednesday the stock market value stood at N26 3 trillion Meanwhile market breadth closed negative as THOMASWY led 12 gainers with 17 losers topped by SCOA at the end of today s s]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 08 Dec 2022 13:46:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 7 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-7-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-7-2022" rel="alternate"/>
                        <description><![CDATA[Moroccan clinic operator Akdital launches IPO in Casablanca Highlights Private hospital operator Akdital launched an initial public offering IPO to raise 1 2 billion dirhams 110 million on the Casablanca stock exchange to fund its development plan The offering took place through a capital increase and a share sale with the subscription period running from November 29 to December 6 The IPO entails a capital increase where Akdital s current owners are not taking the opportunity to cash in The capital raise is expected to support its expansion plans in Morocco and Africa nbsp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 07 Dec 2022 12:23:10 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 6 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-6-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-6-2022" rel="alternate"/>
                        <description><![CDATA[Airtel Africa secures 194m credit facility from the IFC Highlights Airtel Africa has signed a new facility with International Finance Corp a sister organization of the World Bank and a member of the World Bank Group The 194 million facility will last eight years and will support the Africa focused telecommunications firms operations in the Democratic Republic of Congo Kenya Madagascar Niger the Republic of Congo and Zambia The funding provides more diversified access to local funding for Airtel and aligns with its strategy to increase debt within its operating companies Airtel Africa shares were 1 2 lower at 120 98 pence each on Tuesday]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 06 Dec 2022 12:40:10 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor update: December 5 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-december-5-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-december-5-2022" rel="alternate"/>
                        <description><![CDATA[Visa Mastercard back Nigeria s Aruwa Capital 20m fund Highlights Visa Foundation and Mastercard Foundation Africa Growth Fund invested in the first institutional fundraising by Nigerian equity and gender focused firm Aruwa Capital Management The two firms helped raise more than 20 million for the Nigerian company to invest in women led enterprises facing capital challenges on the continent Others who contributed to the funding include closely held Nyala Venture and family businesses from Africa Europe and the US Founded in 2019 by Adesuwa Okunbo an ex investment banker at JPMorgan Chase Co Ar]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 05 Dec 2022 11:15:31 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 2 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-2-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-2-2022" rel="alternate"/>
                        <description><![CDATA[TRG to acquire African asset manager Ethos Private Equity Highlights Ethos Private Equity a leading alternative asset management firm in Africa is to be acquired by The Rohatyn Group TRG a specialized global asset management firm focused on investment solutions in emerging markets and real assets Combining forces with Ethos positions TRG to deliver a larger array of investment solutions to the partners of both firms Since 1984 Ethos has made over 150 investments supporting South African and sub Saharan businesses nbsp With over 20 years of experience investment teams at TRG offer capabilities across public equities corporate and sovereign debt p]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 02 Dec 2022 11:49:17 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: December 1, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-december-1-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-december-1-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-december-1-2022" rel="alternate"/>
                        <description><![CDATA[Mastercard 200m Africa growth fund to derisk investments Highlights The Mastercard Foundation Africa Growth Fund MFAGF a fund of funds that works through African investment vehicles to support early stage growth oriented SMEs on the continent launched this week with a committed 200 million The fund s goal is to help to crowd in capital for African entrepreneurs by strengthening and de risking African investment vehicles committed to advancing gender equity in entrepreneurship In addition to providing capital for investment vehicles the MFAGF will offer a business development facility for their portfolio companies]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 01 Dec 2022 14:35:56 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 30 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-30-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-30-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria s FMCG giants revenues hit 2 4bn in nine months Highlights Nigeria s leading consumer goods companies earned a whopping sum of N1 059 trillion as revenue in the last nine months of the year 2022 outperforming their earnings in the corresponding period of 2021 of N811 887 billion The companies revenues rose by 30 39 compared to the same period in 2022 per data contained in the nine months financial statements of these companies The growth in revenue reported by these companies was driven by higher product prices and demand from consumers during the period under review Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 30 Nov 2022 12:49:28 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 29 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-29-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-29-2022" rel="alternate"/>
                        <description><![CDATA[Africa focused VC LoftyInc closes 14 3m fund Highlights LoftyInc Capital Management an early stage African focused venture capital firm has reached the final close of its LoftyInc Afropreneurs Fund 3 LAF3 Founded in 2017 LoftyInc is based in Lagos and invests in sectors such as logistics printing services commercial services educational and training services cybersecurity ed tech fintech e health tech and e commerce Coming off its first unicorn exit via its LoftyInc Afropreneurs Fund 2 LAF2 investment in Flutterwave it launched LAF3 in 2021 as a 10 million fund However it closed 40 oversubscribed at 14 2 million nbsp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 29 Nov 2022 12:40:38 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 28 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-28-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-28-2022" rel="alternate"/>
                        <description><![CDATA[Bellwether banking stocks lift NGX to positive close Highlights The Nigerian equities market closed Friday on a positive note with the All Share Index rising by 6 88 week on week driven by buying interest in bellwether stocks The combined market capitalization of the largest stocks on the exchange appreciated by 8 68 to close at N18 77 trillion 43 billion from N17 27 trillion the previous week nbsp These stocks include Airtel Africa BUA Cement Dangote Cement BUA Foods and MTN Nigeria Plc Meanwhile investors in the largest banks on the exchange gained]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 28 Nov 2022 11:54:09 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 25 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-25-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-25-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian equities remain bullish despite hawkish fed stance Highlights Trading activities on the floor of the Nigerian Exchange NGX closed Thursday with a gain of N203 billion 457 million in market capitalization as bulls maintained their grip on the local bourse nbsp nbsp The All Share Index ASI increased by 0 80 to close at 46 604 94 points nbsp In the same vein market capitalization appreciated by N203 billion nbsp The stock exchange market value stood at N25 3 trillion while since the start of the year the stock market has advanced by 3888 5 basis points or 9 10 Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 25 Nov 2022 13:01:49 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 24 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-24-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-november-24-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-24-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria s top cement firms gain 1 5bn in market cap Highlights Dangote Cement Lafarge and BUA Cement three major cement manufacturing firms on the Nigerian Exchange NGX recorded a combined gain of about N651 billion around 1 5 billion at the end of Wednesday s trading That saw them rank among gainers of the day despite economic headwinds and speculations that the latest interest rate hike by the Central Bank of Nigeria CBN might depress market appetite The overall market closed with a gain of N710 billion in market capitalization as bulls maintained their grip on the local bourse Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 24 Nov 2022 12:44:30 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 23 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-23-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-23-2022" rel="alternate"/>
                        <description><![CDATA[Tanzanian supply chain startup Ramani raises 32m nbsp Highlights Ramani a Tanzanian startup focused on consumer packaged goods supply chains plans to introduce new financial services as it expands its operations in the East African country after raising 32 million in Series A debt equity funding The YC backed startup provides inventory management systems procurement and point of sale software to its network of micro distribution centers MDCs enabling them to enhance their inventory management and operations The latest round which follows an undisclosed seed funding round last year was led by Flexcap Ventures and serial entrepreneur Jared Sc]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 23 Nov 2022 18:00:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 22 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-22-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-22-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian stock market opens week positive with 209m gain Highlights Trading activities on the floor of the Nigerian Exchange NGX began the week on a positive note with a gain of N93 billion as the bulls regained dominance driving up the broad market by 170 23 basis points The All Share Index ASI increased by 0 38 to close at 44 662 96 points In the same vein market capitalization appreciated by N93 billion or 209 million At the close of the market on Monday the stock exchange market value stands at N24 3 trillion Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 23 Nov 2022 17:52:37 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 21 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-21-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-21-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian real estate firm Purple launches its 22 5m IPO Highlights Purple Real Estate Income a real estate investment firm today launched its Initial Public Offer which will be open for 25 working days till December 23 nbsp The group s 10 billion 22 5 million Equity Offer represents an IPO of up to 2 billion new ordinary shares at 5 per share Following completion the shares will be listed on the Nigerian Exchange NGX Proceeds from the Offer will be used to expand the group s existing portfolio by diversifying its lines of business and geographies to create more inclusive homeownership opportunities for Nigerians]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 21 Nov 2022 12:28:24 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 18 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-18-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-november-18-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-18-2022" rel="alternate"/>
                        <description><![CDATA[Bitcoin heads for a weekly gain despite FTX debacle Highlights Bitcoin prices edged up despite further drama around the collapse of FTX after its new chief executive described lax financial reporting incomplete record keeping and questionable management practices at the cryptocurrency exchange nbsp The biggest cryptocurrency has held above 16 000 this week after collapsing from more than 21 000 to lows of near 15 500 reached in the immediate aftermath of FTX s failure nbsp The token is up some 3 over the past week topping global stocks while a gauge of the leading 100 virtual coins has added about 1 Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 18 Nov 2022 12:02:13 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 17 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-17-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-november-17-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-17-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian exchange surges with market cap up by 294m Highlights Nigerian Exchange Limited NGX closed positive Tuesday amid buy interests and sell offs as bulls dominated proceedings driving up the broad market by 238 69 basis points nbsp The All Share Index ASI appreciated by 0 54 to close at 44 046 94 points Similarly market capitalization grew by N130 billion around nbsp 294 million to close at N23 991 trillion nbsp nbsp Meanwhile market breadth closed negative as CORNERST led 21 gainers and ETERNA led 24 losers at the end of today s session The stock market has advanced by 3 11 since the start of the year nbsp nbsp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 17 Nov 2022 13:26:12 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 16 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-16-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-16-2022" rel="alternate"/>
                        <description><![CDATA[Africa to add 100m mobile subscribers in next three years Highlights By 2025 the contribution of Africa s mobile industry to its GDP will grow to almost 155 billion from 138 billion last year as the countries in the region increasingly benefit from the improvements in productivity and efficiency brought about by the increased take up of mobile services That s according to a GSMA report which also predicted Africa will add nearly 100 million new subscribers by 2025 bringing the total number of subscribers to 613 million almost half of the region s population Nigeria and Ethiopia the two most populated countries in Africa will account for almo]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 16 Nov 2022 13:40:41 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 15, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-15-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-november-15-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-15-2022" rel="alternate"/>
                        <description><![CDATA[IFC to invest 225m in startups across Africa and others Highlights The International Finance Corporation IFC has launched a 225 million platform to back early stage startups in Africa the Middle East Central Asia and Pakistan The IFC will through the platform make equity and equity like investments in tech startups to grow them into scalable ventures that can attract mainstream equity and debt financing The institution will also use the sector agnostic platform to work closely with other members of the World Bank to champion regulatory reforms sector analyses and other changes that can grow the venture capital ecosystems in these regions]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 15 Nov 2022 12:58:53 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 14 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-14-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-november-14-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-14-2022" rel="alternate"/>
                        <description><![CDATA[Bitcoin rebounds as Binance announces industry recovery fund Highlights The price of Bitcoin soared in the early hours of Monday to almost 17 000 following reports that Binance is set to establish an industry recovery fund in the wake of the FTX crisis The most recent tweets from Changpeng Zhao the chief executive of Binance caused dramatic price jumps across the cryptocurrency market Zhao revealed that an industry recovery group will be set up to assist projects that are otherwise solid but are experiencing a cash issue to lessen the negative consequences of the impact of FTX Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 14 Nov 2022 12:02:25 +0000</pubDate>
                        
                        
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                        <title>Investors update: November 11 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-11-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-11-2022" rel="alternate"/>
                        <description><![CDATA[Blnk raises 32m funding to enable lending in Egypt Highlights Egypt based fintech Blnk has raised 23 7 million in equity and debt funding and 8 3 million in securitized bond issuance from several local and international investors Founded in 2021 by Amr Sultan and Tarek Elsheikh Blnk has developed a digital lending platform that allows merchants of all sizes to instantly underwrite and finance their customers purchases at the point of sale The funds will support Blnk s development of AI powered lending infrastructure and the financing of the company s portfolio of customers Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 11 Nov 2022 12:06:49 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 10 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-10-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-november-10-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-10-2022" rel="alternate"/>
                        <description><![CDATA[Mobile transactions in Nigeria double to 29bn in 9 months Highlights Nigerians carried out N12 8 trillion 29 billion worth of mobile transactions between January and September 2022 over double the amount recorded in the same period last year and even much more than 2020 figures That s according to data from the Nigeria Inter Bank Settlement System NIBSS for 2018 to 2022 The growth represents a whopping 153 year on year from N5 07 trillion recorded in the comparable period of 2021 nbsp The total transactions for the current year represent an even higher margin when compared to 2020 N1 89 trillion 2019 N461 4 billion and 2018 N216 4 billi]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 10 Nov 2022 12:09:52 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update November 9 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-9-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-november-9-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-9-2022" rel="alternate"/>
                        <description><![CDATA[EM focused Quona Capital closes its third fund at 332m Highlights Emerging markets VC firm Quona Capital has reached the final close of its Fund III at 332 million significantly exceeding its 250 million target Quona focuses its investments on innovative technology companies that are expanding access to financial services for underserved consumers and businesses in Latin America India Southeast Asia Africa and MENA The Fund III investors include an array of leading global asset managers insurance companies investment and commercial banks university endowments foundations family offices and development finance institutions]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 09 Nov 2022 12:46:33 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 8 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-8-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-november-8-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-8-2022" rel="alternate"/>
                        <description><![CDATA[Africa Investment Forum draws 63 8bn in investor interest Highlights Africa s premier investment platform known as the Africa Investment Forum Market Days has drawn 31 billion in investment interest from African and global investors Combined with 32 8 billion from the rescheduled 2021 market days which took place as virtual boardrooms in March this year the forum has mobilized a total of 63 8 billion of investment interest this year The three day event held in the Ivorian commercial capital Abidjan attracted the participation of several African heads of state and government who chaired boardrooms and led transactions with potential investors]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 08 Nov 2022 12:29:35 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 7 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-7-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-november-7-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-7-2022" rel="alternate"/>
                        <description><![CDATA[Algeria based Yassir raises 150m Series B for global expansion Highlights Yassir a San Francisco based Algerian super app offering on demand services and financial services has closed a 150 million Series B funding to power its expansion across North Africa and globally The investment was led by BOND with participation from DN Capital Dorsal Capital Quiet Capital Stanford Alumni Ventures and Y Combinator among other prominent strategic global investors This investment which is the biggest series B in North Africa so far puts the company s total funding to date at 193 25 million after an early seed round of 13 25 million and a 30 million]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 07 Nov 2022 13:09:18 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors Update: November 4 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-4-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-4-2022" rel="alternate"/>
                        <description><![CDATA[CrossBoundary Energy bags 10m solar deal with Nigerian Breweries Highlights Nigerian Breweries Plc and CrossBoundary Energy have signed a 10 million solar power deal to develop the largest renewable energy project in Nigeria s commercial and industrial sector The agreement will see CrossBoundary Energy build two solar and battery storage hybrid projects for Nigerian Breweries plants in Ibadan Oyo State and Ama Enugu State CrossBoundary Energy will fully finance the development and construction of the renewable energy facilities and will operate both facilities as part of a 15 year solar services agreement with NB Plc Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 04 Nov 2022 12:57:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors update: November 3 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-november-3-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-november-3-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-november-3-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria s Dangote Cement stock gains N332 billion in one day Highlights Dangote Cement Plc one of the major cement manufacturers listed on the Nigerian Exchange NGX recorded a gain of about N332 billion on Wednesday November 3rd 2022 This helped to push the NGX All Share index to close on a positive note Market watchers believe investors are showing positive sentiment on the stock following news that the company increased its sales volume in nine months nbsp The stock closed Wednesday s trading session at N240 00 per share and N4 089 trillion in market capitalization from N220 50 and N3 757 trillion the previous day Hence the stock gained N33]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 03 Nov 2022 12:24:59 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Daily investor update: November 2 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-november-2-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/daily-investor-update-november-2-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-november-2-2022" rel="alternate"/>
                        <description><![CDATA[Amazon Web Services opens a second Africa office in Lagos Highlights Amazon Web Services AWS this week opened an office in Lagos Nigeria s commercial capital five years after the US giant s first Africa branch was set up in Johannesburg South Africa This move will bring AWS which already supports a number of Nigerian startups such as SeamlessHR Yellow Card BFree Bankly and public sector organizations closer to African startups The Lagos office is AWS s latest investment in Africa as it ll house teams of AWS account managers partner managers solutions architects and other roles that support Nigerian customers]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 02 Nov 2022 11:45:20 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Daily Investor Update November 1 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-november-1-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/daily-investor-update-november-1-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-november-1-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian proptech SmallSmall raises 3m seed for expansion Highlights SmallSmall a Nigerian proptech startup has raised 3 million in seed funding 2 million in equity and 1 million in debt The startup provides renters access to monthly rent payments while offering landlords a way to vet tenants increase income and manage properties Since 2018 it s recorded over 476 000 registrations while 80 000 people are on the waiting list Currently in Lagos the company plans to use the funds to expand into other Nigerian cities including Port Harcourt Enugu and Jos by the end of the first quarter of 2023 Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 01 Nov 2022 12:18:26 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 28 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-28-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-28-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-28-2022" rel="alternate"/>
                        <description><![CDATA[Airtel Africa grows half year revenue by 12 9 to 2 57bn Image from ShareCast Highlights Airtel Africa Plc which is listed on the Nigerian Exchange NGX and covers the telco s operations across the continent grew its half year revenue by 12 9 to 2 57 billion That s according to its financial report]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 28 Oct 2022 17:42:32 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 27 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-27-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-27-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-27-2022" rel="alternate"/>
                        <description><![CDATA[European Investment Bank backs MTN Nigeria with 100m Image from MTN Highlights MTN Nigeria Communications Plc is set to receive 100 million credit from the European Investment Bank EIB to speed up its network expansion program The investment will aid the acceleration of 4G coverage in Nigeria and expand broadband acc]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 27 Oct 2022 14:27:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 26 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-26-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-26-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-26-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian stock exchange market cap rise by 407m Image from Nairametrics Highlights The Nigerian Exchange NGX closed positive on Tuesday amidst buy interests and sell offs as bulls dominated proceedings driving up the broad market by 73 basis points The All share Index ASI appreciated by 0 73 to close at 44 788 15 nbsp points nbsp nbsp In the same vein market capitalization grew by 177 84 billio]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 26 Oct 2022 16:39:08 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: 25 October 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-25-october-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-25-october-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-25-october-2022" rel="alternate"/>
                        <description><![CDATA[Climate focused Satgana targets African deals with 30m fund Image from Disrupt Africa Highlights Climate tech VC firm Satgana has announced the first closing of i]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 25 Oct 2022 12:21:02 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: 24 October 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-24-october-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-24-october-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-24-october-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s KarmSolar secures 2 4m funding from QNB ALAHLI Image from Wamda Highlights Egypt based cleantech KarmSolar has secured 2 4 million in funding from Qatar National Bank ALAHLI QNB ALAHLI as part of the company s Phase 2 expansion of existing solar microgrid solution Founded in 2011 KarmSolar provides several sectors in Egypt with renewable energy as part of its target to enlarge the private clean energy market This new fun]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 24 Oct 2022 10:33:34 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: 21 October 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-21-october-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-21-october-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-21-october-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria Ghana push for a regional capital markets integration Image from Nairametrics Highlights The Director General of Nigeria s Securities and Exchange Commission Lamido Yuguda this week reiterated the need to create an enabling environment for cross border securities transactions across West African capital markets Yuguda spoke during a meeting with his Ghanaian counterpart in]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Sun, 23 Oct 2022 20:41:32 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: 20 October 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-20-october-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-20-october-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-20-october-2022" rel="alternate"/>
                        <description><![CDATA[President Muhammadu Buhari signs Nigeria Startup Bill into law Image from ABC Highlights Nigeria has become the latest country to pass a Startup Bill giving a more formal approach to how the startup ecosystem is governed The Bill which has been in the making since May was accented to by President Muhammadu Buhari earlier this week and the news was made public via Twitter by the country s Minister for Co]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Sun, 23 Oct 2022 20:34:35 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: 19 October 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-19-october-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-19-october-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-19-october-2022" rel="alternate"/>
                        <description><![CDATA[Africa s insurance industry to reach 116bn by 2027 Image from OpenPR Highlights The African insurance market reached a value of 75 3 billion in 2021 Looking forward IMARC Group expects the market to reach 115 9 billion by 2027 recording a compound annual growth rate of 7 4 during 2022 2027 Due to the availability of affordable insurance across Africa this is gaining widespread prominence among the masses the report says citing other]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 19 Oct 2022 14:27:47 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: 18 October 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-18-o-ctober-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-18-o-ctober-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-18-o-ctober-2022" rel="alternate"/>
                        <description><![CDATA[Airtel expends 29m on spectrum for 5G rollout in Zambia Image from TechCabal Highlights Airtel Zam]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 18 Oct 2022 17:00:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 17 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-17-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-17-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-17-2022" rel="alternate"/>
                        <description><![CDATA[Peter Thiel s VC firm backs Nigerian fintech Maplerad in 6m round Image from TechCrunch Highlights Maplerad a fintech described by its founders Miracle Anywanwu and Obinna Chukwujioke as a global BaaS player targeting Africa has raised 6 million in seed funding from Valar Ventures and other investors According to sources cited by TechCrunch the US based startup which is coming ou]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 17 Oct 2022 13:27:38 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 14 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-14-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-14-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-14-2022" rel="alternate"/>
                        <description><![CDATA[Maker of Maserati Chrysler targets Africa s vehicle market Image from TechCabal Highlights Africar an online car marketplace operating in over 40 African countries has partnered with Stellantis the parent company of Maserati Peugeot Fiat and Chrysler among other brands to launch Auto24 a used car marketplace for Africa nbsp Auto24 will launch in Ivory Coast and Africar has plans to expand the marketplace across the contine]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 14 Oct 2022 14:50:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 13 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-13-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-13-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-13-2022" rel="alternate"/>
                        <description><![CDATA[Egypt consumer fintech Telda raises 20m seed from GFC Sequoia amp Block Image from TechCrunch Highlights E]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 13 Oct 2022 13:06:36 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 12 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-12-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-12-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-12-2022" rel="alternate"/>
                        <description><![CDATA[Mastercard invests in Egyptian venture capital fund Nclude Image from Wamda Highlights Egypt based VC fund Nclude has raised an undisclosed investment from Mastercard to accelerate Egypts fintech ecosystem Founded in March 2022 in partnership with Egypt s national banks Nclude is a fintech focused VC investment platform It initially saw an investment of 100 million from the three national banks Egyptian Banks Company EBC and eFinance Th]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 12 Oct 2022 14:27:31 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates:October 11 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-11-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-11-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-11-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria s Stears raises 3 3m backed by Serena William s firm Image from TechCrunch Highlights Nigeria based data and intelligence company Stears has raised a 3 3 million seed round led by MaC Venture Capital Serena Ventures Omidyar Group s Luminate Fund Melo 7 Tech Partners and Cascador also participated nbsp The news comes two years after Stears raised 650 000 in pre seed funding Last month it was one of the 60 startups accepte]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 11 Oct 2022 14:26:48 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 10 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-10-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-10-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-10-2022" rel="alternate"/>
                        <description><![CDATA[African startups have raised over 4bn so far in 2022 Image from TechCabal bird Highlights Latest figures from Africa focused startup investment tracker The Big Deal show that investor appetite in the continent s rapidly growing tech marketplace is not waning although there have been hiccups As things currently stand the ecosystem is on track to match or exceed the total amo]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 10 Oct 2022 13:55:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 7 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-7-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-7-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-7-2022" rel="alternate"/>
                        <description><![CDATA[Bite sized insights on major corporate and economic events in African markets Kenya s Purple Elephant Ventures raises 1m pre seed funding Image from TehCrunch Highli]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 07 Oct 2022 13:29:31 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 6 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-6-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-6-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-6-2022" rel="alternate"/>
                        <description><![CDATA[Bite sized insights on major corporate and economic events in African markets Egypt SaaS Glamera secures 1 3m seed funding round Image from Wamda Highlights SaaS startup Glamera has raised a seed round of 1 3 million led by Riyadh Angels Investors RAI after relocating to Saudi Arabia where it covers seven cities as well as Cairo and Alexandria in Egypt Founded in 2020 by Mohamed Hassan and Omar Fathy Glamera provides B2B services]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 06 Oct 2022 13:09:27 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 5 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-5-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-5-2022</guid>
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                        <description><![CDATA[Google picks SA for its first cloud region in Africa Image from TechCrunch Highlights Google has launched its first African cloud region in South Africa pla]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 05 Oct 2022 12:56:30 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: October 4 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-4-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-4-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-4-2022" rel="alternate"/>
                        <description><![CDATA[daba finance participates in Spleet s 2 6m seed funding Image from Spleet Highlights daba finan]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 04 Oct 2022 17:09:26 +0000</pubDate>
                        
                        
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                        <title>Investor Updates: October 3 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-october-3-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-october-3-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-october-3-2022" rel="alternate"/>
                        <description><![CDATA[South African startup Talk360 s seed funding hits 7m Image from TechCrunch Highlights Months after the initial close of its seed round Talk360 a South African Voice over Internet Protocol VoIP startup has raised an additional 3 million bringing the total investment raised in the round to 7 milli]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 03 Oct 2022 13:25:13 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 30 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-30-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-30-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-30-2022" rel="alternate"/>
                        <description><![CDATA[SA digital ID startup iiDENTIFii raises 15m for expansion Image from Disrupt Africa Highlights Cape Town based digital identity startup iiDENTIFii has raised US 15 million in growth capital to fuel its expansion across Africa iiDENTIFii has developed advanced face authentication technology that safely authenticates users via their cell phones or PCs within seconds The startup operates across several industry verticals and is used by the largest pan African banks insurers a]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 30 Sep 2022 11:46:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 29 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-29-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-29-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-29-2022" rel="alternate"/>
                        <description><![CDATA[Morocco s BMCE Capital launches 4 5m seed stage fund Image from wamda Highlights Morocco based BMCE Capital Investment has launched a 4 5 million VC fund dedicated to financing Moroccan startups at the seed stage The BMCE VC is also expected to connect its portfolio startups to an extensive network of Moroccan and global investors nbsp Over the upcoming months the fund is set to raise money from renowned Mor]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 29 Sep 2022 13:39:33 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 28 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-28-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-28-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-28-2022" rel="alternate"/>
                        <description><![CDATA[Oil giant Shell acquires African solar provider Daystar Power Image from TechNova Highlights Oil giant Royal Dutch Shell will purchase African solar provider Daystar Power for an undisclosed sum as it expands its global renewables portfolio nbsp Daystar headquartered in Lagos provides off grid power to commercial and industrial clients in Nigeria Ghana Togo and]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 28 Sep 2022 14:15:34 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 27 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-27-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-27-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-27-2022" rel="alternate"/>
                        <description><![CDATA[SA startup SweepSouth secures 11m for expansion Image from Disrupt Africa Highlights South African startup SweepSouth an online home services platform with a presence across Africa has raised 11 million in funding for continued expansion and growth Co founded in 2014 by Aisha Pandor and Alen Ribic SweepSouth is an online platform providing on demand home cleaning services operating a]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 27 Sep 2022 11:59:19 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 26 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-26-2022-2</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-26-2022-2</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-26-2022-2" rel="alternate"/>
                        <description><![CDATA[YC backed Vendease secures 30m for its restaurant tech solutions Image from TechCrunch Highlights Vendease a Y Combinato]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 26 Sep 2022 13:41:12 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 23 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-23-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-23-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-23-2022" rel="alternate"/>
                        <description><![CDATA[Private wealth in Africa to reach 3tr in a decade Image from Africa Wealth Report 2022 Highlights Africa s stock of private wealth is forecast to jump 38 from 2 1 trillion to nearly 3 trillion over the next decade with Mauritius and Rwanda witnessing the strongest growth Smaller better organized economies in Africa are fast turning into wealth h]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 23 Sep 2022 14:09:24 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 22 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-22-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-22-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-22-2022" rel="alternate"/>
                        <description><![CDATA[Julaya gets 5m for business banking in francophone Africa Image from TechCrunch Highlights Ivorian payments led fintech startup Julaya has extended its pre Series A round by 5 million taking the total amount raised in the financing round to 7 million The company facilitates B2B payments for businesses in Francophone West Africa mainly via mobile money channels Brands such as Jumia and Sendy are some of Julaya s clients Proceeds from this fina]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 22 Sep 2022 13:03:40 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 21 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-21-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-21-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-21-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Exits me raises 1 million pre seed round Image from Wamda Highlights Egypt based investment marketplace Exits me has raised 1 million in a pre seed round from a group of local investors a UK based investment company Baseeta Investments Holding and Mawelni Holding for Financial Investments Founded in 2022 Exits me automates merger and acquisitions M amp A transactions and investment deals for startups and SMEs through its market]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 21 Sep 2022 12:43:24 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 20 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-20-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-20-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-20-2022" rel="alternate"/>
                        <description><![CDATA[African crypto exchange Yellow Card closes 40m Series B Image from Vester Holdings Highlights Pan African crypto exchange Yellow Card has secured 40 million in a Series B funding round led by Polychain Capital an investor in firms in the blockchain space Yellow Card was founded in 2019 in Nigeria and has since expanded to 21 countries in t]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 20 Sep 2022 11:19:25 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 19 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-19-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-19-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-19-2022" rel="alternate"/>
                        <description><![CDATA[Clickatell partners with Nigeria s central bank to increase eNaira use Image from ITNewsAfrica Highlights Clickatell a CPaaS startup has partnered with the Central Bank of Nigeria CBN to launch a USSD channel for its Central Bank Digital Currency CBDC eNaira as part of the country s drive to make basic banking accessible to all Nigerians The eNaira was launched in October 2021 as Africa s first central bank backed digital currency The Nigerian Preside]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 19 Sep 2022 12:14:12 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 16 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-16-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-16-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-16-2022" rel="alternate"/>
                        <description><![CDATA[Cellulant Orange partner to enable wallet transfers in Bostwana Image from ITNewsAfrica Highlights Orange Money the mobile money service of Orange and leading payments company Cellulant have partnered to enable card to wallet transfers for eight banks in Botswana While most banks in Botswana have mobile apps not all provide this option for their customers This solution will allow bank customers to move money from their bank accounts to their Orange Mon]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 16 Sep 2022 13:23:55 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 15 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-15-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-15-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-15-2022" rel="alternate"/>
                        <description><![CDATA[Kenya s Turaco secures 10m Series A funding Image from TechCrunch Highlights Turaco a Kenyan insurtech driving mass market insurance adoption has closed a 10 million Series A equity round led by AfricInvest via the Cathay Africinvest Innovation Fund and existing investor Novastar Ventures Founded in 2019 Turaco is a distributor broker and key customer interface betwe]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 15 Sep 2022 11:16:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 14 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-14-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-14-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-14-2022" rel="alternate"/>
                        <description><![CDATA[Brazil s Ebanx expands into Africa with an eye on mobile money Image from CNBC Highlights Brazilian fintech unicorn Ebanx S A has expanded into Africa]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 14 Sep 2022 13:13:06 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 13 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-13-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-13-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-13-2022" rel="alternate"/>
                        <description><![CDATA[Kenya s HotelOnline acquires hospitality SaaS HotelPlus Image from TechCrunch Highlights HotelOnline a Kenya based travel technology scale up that fashions itself as an e commerce and digital marketing enabler in the hospitality industry has acquired HotelPlus a software provider with clients in 22 countries The full]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 13 Sep 2022 12:54:02 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 12 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-12-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-12-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-12-2022" rel="alternate"/>
                        <description><![CDATA[Janngo Capital reaches first close of 63 million fund Image from TechCrunch Highlights The Fatoumata B founded Janngo Capital has announced the first close of its Startup Fund JCSF with 36 million in capital commitments nbsp Launched in Davos in 2020 Janngo Capitals latest fund will invest half of its proceeds in companies founded co founded or benefiting women nbsp Backed by global financial institutions]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 12 Sep 2022 12:50:22 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 9, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-9-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-9-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-9-2022" rel="alternate"/>
                        <description><![CDATA[Nexford University raises 8m to scale its edtech services Image from TechCrunch Highlights Nexford University has raised 8 million in a Series A round co led by New Markets Venture Partners and Learn Capital two US edtech venture capital firms that have backed Pathstream Udemy and Coursera The tech enabled startup launched by Fadl Al Tarzi in 2019 provides learners in Africa with a fully online US accredited higher education and le]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 09 Sep 2022 12:15:28 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 8, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-8-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-8-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-8-2022" rel="alternate"/>
                        <description><![CDATA[NowNow gets 13m to scale fintech products across Africa Image from TechCrunch Highlights Nigerian fintech startup NowNow Digital Systems has raised 13 million in a seed fund round which saw participation from NeoVision Ventures Ltd DLF Family Office and Shadi Abdulhadi Equipped with a rapidly growing product suite and highly agile technology platform NowNow seeks to build a technology that digitizes cash payments for Africans]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 08 Sep 2022 11:34:42 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 7 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-7-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-7-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-7-2022" rel="alternate"/>
                        <description><![CDATA[Endure Capital closes first round of 50 million fund Image from Wamda Highlights Egypt based Endure Capital has completed the first close of its new 50 million fund to invest in early stage startups across Africa Endure 21 is Endure Capital s second early stage VC fund that will focus its investments on impact driven startups in Africa with a selective approach to investing in growth stage startups globally LaIunched in 2015 by Ta]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 07 Sep 2022 11:38:31 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 6, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-6-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-6-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-6-2022" rel="alternate"/>
                        <description><![CDATA[Metaverse Magna raises 3 2m for its African gaming community Image from TechCrunch Highlights Metaverse Magna MVM a blockchain gaming plat]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 06 Sep 2022 13:09:47 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 5 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-5-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-5-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-5-2022" rel="alternate"/>
                        <description><![CDATA[Image from Wamda Highlights Egypt based el dokan a company that specializes in enterprise e commerce solutions has raised a 550 000 pre seed round led by a group of local and regional investors including EFG EV and Flat6Labs 500 Global and Hala Ventures Founded in 2020 by Ahmed Maher Mohammed Shirt and Sherif Alaa el dokan offers e commerce technology to corporate clients to set up their web storefronts It primarily caters to long tail businesses software houses as well as startups nbsp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 05 Sep 2022 14:49:16 +0000</pubDate>
                        
                        
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                        <title>Investors Updates: September 2 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-updates-september-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-updates-september-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-updates-september-2022" rel="alternate"/>
                        <description><![CDATA[SA startup Octiv raises Series A round from Knife Capital Image from TechCabal Highlights South African gym management software platform Octiv has closed an eight figure Series A funding round led by venture capital firm Knife Capital nbsp The startup previously raised seed capital from South African angel investors and this round also included an angel investment from an executive at the crypto powered banking platform BVNK The investme]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 02 Sep 2022 14:17:48 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: September 1 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-september-1-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-september-1-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-september-1-2022" rel="alternate"/>
                        <description><![CDATA[Mobile Power raises 1 1m from All On to scale its services Image from TechCabal Highlights All On a Shell funded independent impact investing firm has announced that it has invested 1 1 million in Mobile Power Limited to increase the growth of its pay per use battery sharing platform in Nigeria nbsp Mobile Power provides clean and affordable energy to the off grid market across sub Saharan Africa through its innovative and affordable solutions such as MOPO]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 01 Sep 2022 13:13:24 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 31 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-31-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-31-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-31-2022" rel="alternate"/>
                        <description><![CDATA[Duplo gets 4 3m seed to digitize African B2B payments Image from TechCrunch Highlights Duplo a B2B payments startup that enables African enterprises to collect payments from their clients and partners and make payments to their suppliers and vendors has raised 4 3 million in seed funding nbsp The news comes just seven months after Duplo announced its 1 3 million pre seed investment The YC backed startup has received 5 6 million sinc]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 31 Aug 2022 13:25:02 +0000</pubDate>
                        
                        
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                        <title>Investor Updates: August 30 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-30-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-30-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-30-2022" rel="alternate"/>
                        <description><![CDATA[Kenya s Pezesha raises 11m for pan African expansion Image from TechCrunch Highlights Kenya s embedded finance fintech Pezesha has expanded into Nigeria Rwanda and francophone Africa following an 11 million pre Series A round The round also included a 5 million debt Founded in 2017 by Hilda Moraa Pezesha has built a scalable digital lending infrastructure that allows both tradit]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 30 Aug 2022 11:56:34 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 29 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-29-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-29-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-29-2022" rel="alternate"/>
                        <description><![CDATA[Grey secures 2m for its cross border payments service Image from TechCrunch Highlights]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 29 Aug 2022 12:51:10 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 26, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-26-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-26-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-26-2022" rel="alternate"/>
                        <description><![CDATA[Algerian Startup Fund to invest 411m in local startups Image from Wamda Highlights The Algerian Startup Fund ASF has signed an agreement with the country s General Directorate of the Treasury to launch a new fund with a target corpus of 411 million to invest in local startups across the country s 58 regional provinces The Fund will invest up to 1 million in each startup to enable entrepreneurs of innovative projects to start thei]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 26 Aug 2022 12:46:31 +0000</pubDate>
                        
                        
                    </item>
                

                    <item>
                        <title>Investor Updates: August 25 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-25-2022-2</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-25-2022-2</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-25-2022-2" rel="alternate"/>
                        <description><![CDATA[Egypt s SubsBase raises 2 4m in seed round Image from TechCrunch Highlights Egypt SubsBase the first and only subscription and recurring revenue management platform catering to the MENA region has closed its seed round at 2 4 million led by Global Ventures Founded in 2020 SubsBase is a cloud based subscription recurring revenue and billing management platform that empowers subscription and recurring based businesses with the col]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 25 Aug 2022 13:17:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 24 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-24-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-24-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-24-2022" rel="alternate"/>
                        <description><![CDATA[Google Wallet launches in South Africa to tap payments boom Image from TechCrunch Highlights Google Wallet is now available in South Africa the first market for this product in Africa to ma]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 24 Aug 2022 12:23:55 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 23, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-23-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-23-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-23-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s ArabyAds raises 30m pre Series B funding Image from Wamda Highlights Egypt born and UAE headquartered advertising technology company ArabyAds has raised 30 million in pre Series B funding from AfricInvest Founded in 2013 with headquarters in the UAE and tech hubs across Egypt Tunisia and Jordan ArabyAds helps advertisers in customer acquisition retention and monetization by leveraging its technology platforms for influencer]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 23 Aug 2022 12:32:11 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 22 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-22-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-22-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-22-2022" rel="alternate"/>
                        <description><![CDATA[Cape Town s stock exchange closes 5m funding round Image from ITNewsAfrica Highlights The Cape Town Stock Exchange CTSE South Africa s technology driven stock exchange for small and medium sized businesses recently closed a 5 million funding round In addition the company has expanded its board adding Mark Fitzjohn Bruce Ndidi both from Empowerment Capital and Stephan Van Der Walt Pallidus Alternative Investments]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 22 Aug 2022 11:53:43 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 19 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-19-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-19-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-19-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian e commerce platform Omnibiz raises 15m pre Series A Image from TechCabal Highlights Omnibiz a Nigerian B2B e commerce company has secured a 15 million pre Series A investment led by Timon Capital The raise is structured as a 5M equity and 10M debt investment deal and saw participation from several investors nbsp Present in over 12 cities in Ghana and Nigeria Omnibiz provides retailers with a fully integrated digital platform on which they]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 19 Aug 2022 12:41:46 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 18 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-18-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-18-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-18-2022" rel="alternate"/>
                        <description><![CDATA[Kenyan agritech iProcure raises 10 2m Series B Image from TechCrunch Highlights iProcure a Kenyan B2B agritech startup has secured 10 2 million in a series B funding round from Novastar Ventures Ceniarth and British International Investment BII The latest round included 1 2 million in debt and was led by Investisseurs amp Partenaires I amp P So far it brings the total funding raised by iProcur]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 18 Aug 2022 13:06:30 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 17, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-17-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-17-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-17-2022" rel="alternate"/>
                        <description><![CDATA[Google backs Kenya s Lori Systems via its Africa Fund Image from TechCrunch Highlights Lori Systems an African on demand logistics and trucking company digitizing haulage and providing shippers with solutions to manage their cargo and transporters has raised a pre Series B round in which Google participated along with other existing investors Lori Systems announcement follows the opening of Google s first product development center on the African contin]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 17 Aug 2022 11:49:39 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 16 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-16-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-16-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-16-2022" rel="alternate"/>
                        <description><![CDATA[Toyota Tsusho invests in Verod Kepple Africa Ventures Image from Innovation Village Highlights Toyota Tsusho Corporation plans to invest in Verod Kepple Africa Ventures which is managed by Verod Kepple Africa Partners Toyota s investment aims to support startups while pursuing opportunities for business synergies with Toyota Tsusho Group in the continent Launched in 2021 the Verod Kepple Africa]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 16 Aug 2022 12:50:02 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 15 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-15-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-15-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-15-2022" rel="alternate"/>
                        <description><![CDATA[Pastel raises 5 5m to digitize Nigerian SME operations Image from TechCrunch Highlights Pastel a Nigerian startup has closed a seed raise of 5 5 million led by pan African venture capital firm TLcom Capital nbsp Global Founders Capital GFC Golden Palm Investments DFS Labs Ulu Ventures Plug and Play and Soma Cap also participated in the seed round The startup raised a 620 000 pre seed last year from some of its existing investors The compan]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 15 Aug 2022 10:51:15 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 12 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-12-august-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-12-august-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-12-august-2022" rel="alternate"/>
                        <description><![CDATA[Airtel Africa signs 124m credit facility with Citi Bank image from ITNewsAfric Highlights Airtel Africa one of Africa s largest telecom groups with a presence in 14 countries across the continent this week announced the signing of a 125 million revolving credit facility with investment banking group Citi through its branch offices subsidiaries in sub Saharan Africa The facility will be used to support Airtel Africa s operations and investments in four of its subsidiaries It]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 12 Aug 2022 14:05:47 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 11 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-11-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-11-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-11-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria s TeamApt raises over 50m for market expansion Image from TechCrunch Highlights TeamApt a Nigerian fintech that provides business payments and banking platforms has raised over 50 million in what is reported as a pre series C funding round nbsp QED Investors a U S fintech focused venture capital firm that hired Gbenga Ajayi and Chidinma Iwueke to lead its entry into Africa led the new investment nbsp Novastar Ventures c]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 11 Aug 2022 13:11:20 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 10 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-10-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-10-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-10-2022" rel="alternate"/>
                        <description><![CDATA[SA s DataProphet closes 10m Series A to scale its AI services Image from TechCrunch Highlights South African startup DataProphet which uses artificial intelligence AI to help manufacturers autonomous their operations has completed its US 10 million Series A round to accelerate its growth globally The company s AI as a service DataProphet PRESCRIBE proactively prescribes changes to a manufacturing plant s control plans to continuously optimize p]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 10 Aug 2022 12:08:01 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 09 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-09-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-09-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-09-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s OneOrder gets 6 5m from Contact Factoring Image from Wamda Highlights Egypt based OneOrder an e commerce startup catering to the restaurant and hospitality sector is receiving 6 5 million from Contact Factoring a subsidiary of Contact Financial Holding Founded by Tamer Amer OneOrder launched earlier this year after securing 1 million in seed funding It helps restaurants and food businesses source fresh and packaged food products]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 09 Aug 2022 12:59:20 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 08 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-08-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-08-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-08-2022" rel="alternate"/>
                        <description><![CDATA[Kenyan HR startup FaidiHR secures funding from SprintX Image from Disrupt Africa Highlights Kenyan HR startup Crew HR amp Payroll has rebranded as FaidiHR after it received an undisclosed amount of funding from SprintX a US based VC focused on early stage startups Founded in 2018 the startup offers an all in one cloud platform that allows small and medium enterprises in Africa to automate their HR processes including payroll off days employee data tasks inventory tra]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 08 Aug 2022 12:23:19 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 05 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-05-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-05-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-05-2022" rel="alternate"/>
                        <description><![CDATA[Beacon Power gets 2 7m to improve electricity access in Africa Image from TechCrunch Highlights Beacon Power Services BPS an energy tech company that provides data and grid management solutions to help Africa s power sector distribute electricity more efficiently has closed a seed round of 2 7 million The US and Nigeria based utility company provides energy management software and analytics for utilities Its AI enabl]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 05 Aug 2022 13:03:50 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 04 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-04-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-04-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-04-2022" rel="alternate"/>
                        <description><![CDATA[Tyme Bank acquires SME financing platform Image from ITNewsAfrica Highlights South African digital banking group Tyme Bank has announced today that it will proceed with the acquisition of fintech firm Retail Capital which provides funding services to SMEs in the country The acquisition which is still subject to regulatory approvals would see Retail Capital become a division of TymeBank If approved the deal would see Retail Capital s funding expertise and TymeBank]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 04 Aug 2022 08:30:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 03 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-03-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-03-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-03-2022" rel="alternate"/>
                        <description><![CDATA[Y Combinator slashes startup accelerator class size by 40 Image from The Information]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 03 Aug 2022 11:54:14 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 02 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-02-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-02-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-02-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Homzmart raises 23m pre Series B round Image from Wamda Highlights Egypt based furniture and home supplies marketplace Homzmart has raised a 23 million pre Series B round bringing the company s total funding to 40 million Founded in 2020 Homzmart enables furniture suppliers and retailers to connect directly with consumers and transact through multiple payment solutions In May 2021 it raised a 15 million Series A round and later]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 02 Aug 2022 12:05:01 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: August 01 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-august-01-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-august-01-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-august-01-2022" rel="alternate"/>
                        <description><![CDATA[Africa focused Oui Capital hits first close of 30m fund Image from TechCrunch Highlights Oui Capital a pan African VC firm based in Lagos and Massachusetts has completed the first closing of its 30 million second fund Oui Capital Mentors Fund II as it seeks to strengthen its presence on the continent nbsp Founded in 2019 by Olu Oyinsan and Francesco Andreoli Oui Capital made eight investments last year and this second fund sig]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 01 Aug 2022 12:07:51 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 29 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-29-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-29-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-29-2022" rel="alternate"/>
                        <description><![CDATA[SA s Michanic secures 400k debt from MultiChoice Innovation Fund Image from Disrupt Africa Highlights South African mobile car service and repair platform Michanic has secured US 400 000 in debt capital from the MultiChoice Innovation Fund to help it continue to develop its technology and expand across the country Formed in 2016 by Lesetja Dikgale Michanic allows users to request instant service and repair quotes from its online pl]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 29 Jul 2022 12:39:11 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 28, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-july-28-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-july-28-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-july-28-2022" rel="alternate"/>
                        <description><![CDATA[South Africa s Qwili raises 1 2m seed for its NFC enabled smartphone Image from TechCrunch Highlights Cape Town based hybrid hardware software startup Qwili has raised 1 2 million in an oversubscribed seed funding round to help it launch its low cost smartphone embedded with near field communication NFC Qwili s software turns users phones into point of sale devices enabling them to sell value added services such as data electricity pay TV subscript]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 28 Jul 2022 08:00:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 27, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-july-27-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-july-27-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-july-27-2022" rel="alternate"/>
                        <description><![CDATA[Orange telecom expands operation to Nigeria nbsp Image from TecEconomy ng Highlights Orange a Pan African cable company is looking to play a big part in the Nigerian telecom sector by investing in mobile data nbsp fixed and financial technology support services nbsp They sought the support of the Nigerian Communications Commission NCC during a visit and assured a steady investment for the long term nbsp The NCC ensured Orange of their support to all investments m]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 27 Jul 2022 13:31:43 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors Updates: July 26 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-updates-july-26-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-updates-july-26-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-updates-july-26-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Fashion Kingdom secures 2 6m seed funding Image from Techcrunch Highlights The Fashion Kingdom TFK an Egyptian curated fashion beauty and home accessories e commerce marketplace has completed a 2 6 million seed funding round The seed funding round was co led by CVentures Egypt s first corporate venture capital firm and A15 MENA s leading early stage venture capital firm which made a follow on investment Proceeds will be used to]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 26 Jul 2022 11:55:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 25 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-25-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-25-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-25-2022" rel="alternate"/>
                        <description><![CDATA[Yamaha and Max announce partnership to scale MAX s services Image from TechCabal Highlights Metro Xpress Africa MAX has announced a partnership with Yamaha s Nigerian Subsidiary Moto Business Service Nigeria MBSN to finance and maintain over 50 000 vehicles over the next 2 years Independent Commercial drivers using a MAX platform will be able to acquire a variety of vehicles for use in their businesses through]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 25 Jul 2022 08:32:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investors Update: July 22 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-july-22-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-july-22-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-july-22-2022" rel="alternate"/>
                        <description><![CDATA[Ivory Coast based Bizao raises 8 2m to expand across Africa Image from Disrupt Africa Highlights Ivorian fintech startup Bizao has raised 8 2 million in Series A funding from investors including AfricInvest Adelie and Seedstars Africa Ventures Founded in 2019 Bizao facilitates the processing of end to end payment flows to and from the main digital payment systems in Africa airtime mobile money wallets and credit card The startup s modular and scalable platform allows clie]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 22 Jul 2022 08:00:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 21 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-21-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-21-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-21-2022" rel="alternate"/>
                        <description><![CDATA[Strive Masiyiwa s Cassava Technologies gets 50m from C5 Capital Image from ITNewsAfrica Highlights Cassava Technologies a pan African IT company this week secured a 50 million investment from C5 Capital C5 a specialist venture capital firm that invests in cybersecurity space and energy security The investment is part of broader funding round to accelerate Cassava s growth and work in Africa s digital infrastructure space particularly in delivering cyber se]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 21 Jul 2022 13:00:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 20 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-20-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-20-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-20-2022" rel="alternate"/>
                        <description><![CDATA[Pan African CAIF fund closes at 112 8m Image from TechCrunch Highlights Tunisia based investment platform AfricInvest and]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 20 Jul 2022 11:42:03 +0000</pubDate>
                        
                        
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                        <title>Investor Updates: July 19 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-19-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-19-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-19-2022" rel="alternate"/>
                        <description><![CDATA[Norfund backs Kenya s Crossboundary in 40m fundraising Image from Afrik21 Highlights CrossBoundary Energy Access CBEA a Kenyan firm that finances and installs clean energy systems for commercial and industrial C amp I customers is getting 40 million in new funding commitments from the Norwegian Investment Fund for Develop]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 19 Jul 2022 11:29:03 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 18 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-18-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-18-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-18-2022" rel="alternate"/>
                        <description><![CDATA[SA student housing startup DigsConnect secures pre Series A funding Image from Disrupt Africa Highlights South African digital student accommodation platform DigsConnect has closed an undisclosed pre Series A funding for international growth with a focus on helping African students in the UK and the US secure housing nbsp Launched in 2018 the platform allows landlords estate agents and property managers to post their property listings with students then searching]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 18 Jul 2022 12:45:30 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 15 2022￼</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-15-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-15-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-15-2022" rel="alternate"/>
                        <description><![CDATA[FSD Africa invests 3 5m in Catalyst Fund Image from Disrupt Africa Highlights Tech accelerator Catalyst Fund managed by BFA Global has received 3 5 million from FSD Africa to anchor the Fund s presence in Africa and scale its work as the leading accelerator and pre seed impact fund for emerging market entrepreneurs With FSD Africa s backing Catalyst Fund plans to invest and offer hands on venture building support to high impact startups t]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 15 Jul 2022 12:22:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Update: July 14 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-july-14-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-july-14-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-july-14-2022" rel="alternate"/>
                        <description><![CDATA[Africa Leadership Group acquires coding school Holberton Image from TechCrunch Highlights Coding school Holberton today announced that it has entered into an agreement to be acquired by African Leadership Group ALG The seven year old company with physical schools across the globe in addition to its core online platform will split in two nbsp Holberton s technology platform will become part of ALG s existing ALX online learning platform and the exi]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 14 Jul 2022 15:37:08 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 13 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-13-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-13-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-13-2022" rel="alternate"/>
                        <description><![CDATA[Africa focused Persistent Energy gets 10m Series C Image from TechCrunch Highlights Persistent Energy has raised 10 million in Series C funding to grow its climat]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 13 Jul 2022 14:31:43 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 12 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-12-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-12-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-12-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria s Errand360 partners Jumia Food to offer last mile support Image from Disrupt Africa Highlights Bicycle community delivery platform Errand360 has entered into a strategic partnership with Jumia Food in Nigeria to offer last mile deliveries to the company s customers Launched last year Errand360 was built to serve users with demand for quick and short errands within their communities and on demand delivery services Users are able to access its services via mobile app]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 12 Jul 2022 13:14:04 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 11 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-11-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-11-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-11-2022" rel="alternate"/>
                        <description><![CDATA[Africa focused Mdundo bags licensing deal with UMG Image from TechCrunch Highlights The music catalog of the Universal Music Group UMG the world s largest record company will be available to users of the Africa focused streaming service Mdundo following the signing of a licensing deal The deal is expected to strengthen Mdundo s offering to its 17 million active monthly users and acc]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 11 Jul 2022 14:57:14 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 8 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-8-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-8-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-8-2022" rel="alternate"/>
                        <description><![CDATA[Ghana s SolarTaxi secures funding from Persistent to scale offering Image from DisruptAfrica Highlights Ghanaian e mobility company SolarTaxi has raised funding from Persistent to further scale its offering Launched by Jorge Appiah in 2018 SolarTaxi is an e mobility company that designs locally assembles and distributes electric two wheels e 2Ws and four wheels e 4Ws vehicles for transportation and delivery services nbsp Notable customers in Ghana include e co]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 08 Jul 2022 15:05:50 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 7 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-7-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-7-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-7-2022" rel="alternate"/>
                        <description><![CDATA[IFC backs Senegal based Wave in 92m debt round Image from IFC Highlights IFC has invested in Senegal based Wave a mobile money firm that is helping lower prices to expand services in the francophone Africa region IFC arranged a 92 million financing package comprised of a loan from IFCs account B Loans from Symbiotics Blue Orchard responsAbility and Lendable as well as parallel l]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 07 Jul 2022 14:35:37 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 6 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-6-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-6-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-6-2022" rel="alternate"/>
                        <description><![CDATA[Autochek acquires CoinAfrique for francophone Africa expansion Image from TechCabal Highlights Autochek the pan African automotive technology company has acquired CoinAfrique a classified marketplace in francophone African countries for an undisclosed amount The move is aimed at accelerating the penetration of its auto financing services in the region especially in Senegal and C]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 06 Jul 2022 12:19:21 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 5 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-5-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-5-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-5-2022" rel="alternate"/>
                        <description><![CDATA[Google s Equiano subsea cable makes new African landing Image from ITNewsAfrica Highlights Google s Equiano subsea internet cable which seeks to connect Europe to Africa via the ocean has made a new landing in Africa en route to its final destination of Cape Town South Africa According to an announcement made yesterday the Equiano cable has now landed in Swakopmund Namibia nbsp Paratus Group one of the two companies designated to build the cable]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 05 Jul 2022 13:42:06 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 4 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-4-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-4-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-4-2022" rel="alternate"/>
                        <description><![CDATA[African startups cross 3bn VC funding mark for the year Image from The Big Deal Highlights In June African startups from 14 different countries securued a total of 439 million in venture capital investments across 66 fully disclosed deals per data from Africa The Big Deal a newsletter that tracks venture capital investments in Africa nbsp This marks a meagre 0]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 04 Jul 2022 15:07:30 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: July 1 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-july-1-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-july-1-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-july-1-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria based Moove gets 20m from British International Investment Image from TechCabal Highlights Mobility fintech startup Moove has raised 20 million in funding from the UK government s development finance institution British International Investment BII formerly known as CDC Group Moove is democratizing vehicle ownership in Africa by providing revenue based v]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 01 Jul 2022 17:57:32 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 30 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-30-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-30-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-30-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s MNT Halan closes 150m securitized bond issuance Image from Disrupt Africa Highlights Egyptian fintech MNT Halan has announced that its wholly owned subsidiary Tasaheel has securitized around 150 million of its loan book in the first issuance of a 600 million program with Commercial International Bank CIB nbsp The startup s fintech ecosystem connects customers vendors and micro enterprises through its consumer facing app merchant app distributed lending and payment]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 30 Jun 2022 17:46:49 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 29 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-29-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-29-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-29-2022" rel="alternate"/>
                        <description><![CDATA[Nairobi based Kukua raises 6m from Tencent others Image from TechCrunch Highlights Kukua a Nairobi and London based educational entertainment company and the creators of Super Sema the first African animated superhero franchise has raised 6 million in its latest round of investment Tencent which made its first African edtech bet in Nigeria s uLesson last December co led this Series A round with Italy based VC Alchimia Other investors include EchoVC]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 29 Jun 2022 15:00:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 28 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-28-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-28-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-28-2022" rel="alternate"/>
                        <description><![CDATA[Kenyan edtech Moringa School raises pre Series A round Image from TechCabal Highlights Moringa School a Kenyan EdTech startup focused on developing and nurturing Africans in software engineering and other tech based skills has raised an undisclosed amount in its pre Series A round of funding from Proparco AFD Group Founded in 2014 by Audrey Cheng Moringa School is committed to closing the skills gap in Africa by connecting graduates to local and in]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 28 Jun 2022 14:16:34 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 27 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-27-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-27-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-27-2022" rel="alternate"/>
                        <description><![CDATA[TLcom Capital names FirstCheck s Eloho Omame partner Image from TechCrunch Highlights Africa focused VC firm TLcom Capital has appointed Eloho Omame as a partner six months after announcing the first close of its 150 million TIDE Africa Fund Eloho is the co founder and general partner of FirstCheck Africa an early stage firm that invests in pre seed and seed stage startups with at least one female founder or co founder Before FirstCh]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 27 Jun 2022 13:59:09 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 24 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-24-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-24-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-24-2022" rel="alternate"/>
                        <description><![CDATA[SA fintech startup Yellow secures 23m debt funding Image from Disrupt Africa Highlights South Africa based fintech startup Yellow which delivers asset backed finance to 200 000 households has raised 23 million in debt funding to scale further Founded in 2018 Yellow is a digital retail business currently focused on access to energy and has provided power on a pay as you go PAYG basis to 30 000 homes in its two markets Malawi and Uganda The company raised a 3 3 mi]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 24 Jun 2022 13:10:01 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 23 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-23-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-23-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-23-2022" rel="alternate"/>
                        <description><![CDATA[Kenya s mTek secures 3m funding from Finclusion Group Image from Disrupt Africa Highlights Kenya based insurtech startup mTek has secured 3 million in both debt and equity funding from the Mauritius based Finclusion Group to help it expand across the East Africa region Launched in 2020 mTek is a digital platform that provides an entirely paperless ecosystem for the insurance industry and allows customers to purchase insurance directly from the insurer compare insurance policies]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 23 Jun 2022 14:00:24 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 22 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-22-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-22-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-22-2022" rel="alternate"/>
                        <description><![CDATA[Zenysis gets 13m to scale its EM focused big data platform Image from TechCrunch Highlights Zenysis Technologies a big data startup headquartered in San Francisco and Cape Town has closed a 13 3 million Series B round This comes after a 2 8 million seed in 2016 and a 5 8 million Series A in 2018 Launched in 2016 the company aims to improve how developing countries respond t]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 22 Jun 2022 12:26:09 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 21 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-21-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-21-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-21-2022" rel="alternate"/>
                        <description><![CDATA[Ghanaian fintech Fido secures 30m Series A Image from TechCrunch Highlights Ghana based fintech Fido has raised a 30 million equity investment and some undisclosed debt funding in a Series A round led by Fortissimo Capital with participation from Yard Ventures a VC fund by Harvard alumni nbsp Founded by Nadav Topolski Tomer Edry and Nir Zepkowitz Fido gives m]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 21 Jun 2022 11:04:55 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 20 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-20-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-20-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-20-2022" rel="alternate"/>
                        <description><![CDATA[Egyptian B2B marketplace Fatura acquired by EFG Hermes unit Image from Wamda Highlights Egypt based Tanmeyah for Microfinance Services a subsidiary of EFG Hermes Holding has acquired Fatura a provider of B2B e commerce marketplace and digital financing services for an undisclosed sum Founded in 2019 by Hossam Ali Ahmed Anwar and Abdullah Mohebeldin Fatura connects retailers to suppliers and wholesalers It initially started by working exclu]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 20 Jun 2022 08:00:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 17 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-17-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-17-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-17-2022" rel="alternate"/>
                        <description><![CDATA[Moroccan staffing platform Jobop raises 1m seed round Image from Wamda Highlights Morocco based Jobop has raised a 1 million Seed round led by Azur Innovation Fund with participation from Plug and Play and business angels The round was closed back in April this year Founded in 2020 by Adil Zghaoui and Salim El Merrassi Jobop deploys AI technologies to match temporary workers to prospective employers With the newly acquire]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 17 Jun 2022 14:24:55 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 16 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-16-june-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-16-june-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-16-june-2022" rel="alternate"/>
                        <description><![CDATA[Microsoft BofA back Kenya s Crossboundary in 25m fundraising Image from TechCrunch Highlights CrossBoundary Energy Access CBEA a financing facility for mini grids has raised 25 million in new funding commitments from ARCH Emerging Markets Partners Limited Bank of America and Microsoft Cli]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 16 Jun 2022 14:54:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 15 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-15-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-15-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-15-2022" rel="alternate"/>
                        <description><![CDATA[Egyptian digital logistics startup Khazenly raises 2 5m seed Image from TechCrunch Highlights Khazenly a Cairo based on demand digital warehousing and fulfillment platform has announced its successful seed fundraise of 2 5 million Founded in mid 2021 Khazenly offers a subscription based omnichannel solution that helps merchants digitize their fulfillment processes The funding round was co led by leading regional venture ca]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 15 Jun 2022 14:46:09 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 14 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-14-june-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-14-june-2022" rel="alternate"/>
                        <description><![CDATA[MFS Africa raises 100m Series C extension Image from TechCrunch Highlight Pan African digital payments network MFS Africa has raised 100 million in equity and debt additional funding that takes its Series C round to 200 million It raised the first tranche last November Investors from its first Series C round doubled down while the fintech also received capital from new investors Debt financing came from Stanbic IBTC Bank and Symbiotic]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 14 Jun 2022 13:47:18 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 13 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-june-13-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-june-13-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-june-13-2022" rel="alternate"/>
                        <description><![CDATA[IFC to invest 26m in Partech s Africa Fund II Image from TecchCrunch Highlights The International Finance Corporation IFC the private sector arm of the World Bank plans to make an equity investment of up to 26 million into the Partech Africa Fund II PAF II by the Paris based VC firm Partech nbsp The PAF II will invest in seed to Series D rounds and follow on rounds in top portfolio companies although it]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 13 Jun 2022 14:23:31 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 10 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-10-june-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-10-june-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-10-june-2022" rel="alternate"/>
                        <description><![CDATA[Morocco s Chari acquires Ivory Coast startup Diago Image from TechCabal Highlights Morocco based B2B e commerce and fintech startup Chari has acquired Diago an Ivorian app that connects local shops to FMCG producers and importers This marks Chari s third acquisition to date after buying Axa Credit for 22 million back in March and the fintech app Karny ma last August Earlier this year Chari raised an undisclosed]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 10 Jun 2022 16:27:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 9 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-june-9-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-june-9-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-june-9-2022" rel="alternate"/>
                        <description><![CDATA[Tunisia s GOMYCODE secures 8m in Series A round Image from Techbuild Africa Highlights GOMYCODE a Tunisian based ed tech startup founded in 2017 with a presence in Bahrain Morocco Egypt Algeria Ivory Coast Senegal and Nigeria has raised 8 million in a Series A round The early growth round was co led by AfricInvest s Cathay AfricInvest Innovation Fun]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 09 Jun 2022 14:59:57 +0000</pubDate>
                        
                        
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                        <title>Investor Updates: June 8 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-june-8-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-june-8-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-june-8-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Nice Deer closes 1 million pre seed round Image from Wamda Highlights Egypt based insurtech Nice Deer has raised a 1 million pre seed funding round led by DisrupTech Ventures Founded in early 2022 Nice Deer one of IT Fusion s sister companies facilitates insurance and repayment of insurance claims between healthcare providers health insurance companies and beneficiaries Nice Deer will use the funds to expand its services su]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 08 Jun 2022 14:46:53 +0000</pubDate>
                        
                        
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                        <title>Investor Updates: June 7 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-7-june-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-7-june-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-7-june-2022" rel="alternate"/>
                        <description><![CDATA[MFS Africa buys US fintech GTP for 34m Image from MFS Africa Highlights Pan African digital payments company MFS Africa is acquiring U S based Global Technology Partners GTP in a cash and shares deal worth 34 million The Africa focused and London based MFS Africa connects more than 320 million mobile money wallets across 35 African countries and 700 corridors But despite these connections across borders millions of Africans can t still use]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 07 Jun 2022 12:49:02 +0000</pubDate>
                        
                        
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                        <title>Investor Updates: June 6 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-6-june-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-6-june-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria s Indicina raises 3m for its credit infrastructure play Image from TechCrunch Highlights Indicina an infrastructural platform that provides credit underwriting processes for businesses in Nigeria has announced its seed round of 3 million Berlin headquartered and pan European venture capital firm Target Global led the round adding to its long list of investments in Nigerian startups including Kuda Kippa and Edukoya Greycroft and RV Ventures also part]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 06 Jun 2022 13:25:00 +0000</pubDate>
                        
                        
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                        <title>Investor Updates: June 3 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-june-3-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-june-3-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-june-3-2022" rel="alternate"/>
                        <description><![CDATA[SA e commerce platform Shopstar secures further funding Image from Ventureburn Highlights South African e commerce platform Shopstar has secured its third round of funding as it begins the next phase in its strategy to scale Founded in 2014 Shopstar is a cloud based e commerce platform that enables local entrepreneurs to build online stores and g]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 03 Jun 2022 13:24:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 2 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-june-2-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-june-2-2022" rel="alternate"/>
                        <description><![CDATA[CV VC launches seed fund for African blockchain startups Image from Zawya Highlights Crypto Valley Venture Capital CV VC has announced the launch of its African Blockchain Early Stage Fund and published the inaugural African Blockchain Report The study highlights that blockchain funding far outpaced all other sectors 11 times and demonstrates how nations and stakeholder ca]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 02 Jun 2022 13:48:49 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: June 1 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-june-1-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-june-1-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-june-1-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Appetito acquires Tunisia s Lamma for over 10m Image from TechCrunch Highlights Egypt based q commerce Appetito has acquired Tunisia s Lamma to expand operations in Morocco Tunisia and West Africa in a deal valued at between 10 million to 15 million per TechCrunch Founded in 2020 Appetito delivers grocery and household products through its mobile app to customers from]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 01 Jun 2022 14:11:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 31 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-may-31-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-may-31-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-may-31-2022" rel="alternate"/>
                        <description><![CDATA[AfricInvest closes African midcap focused fund at over 400m Image from Disrupt Africa Highlights AfricInvest a leading investment platform active in multiple alternative asset classes has announced the final close of its AfricInvest Fund IV with total commitments of 411 million Launched two years ago with a hard cap of 400 million AfricInvest IV received investment from new and returning institutional investors development finance institutions and family o]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 31 May 2022 15:00:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 30 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-may-30-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-may-30-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria based Betastore gets 2 5m for African expansion Image from TechEconomy Highlights With operations spread across Nigeria Senegal and Ivory Coast BetaStore a tech enabled B2B retail startup has closed a 2 5 million pre series A funding round BetaStore makes it possible for small businesses to seamlessly source their inventory and access capital to scale their business growth nbsp The fund was received from 500 Global VestedWorld and Loyal VC bringing the]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 30 May 2022 13:33:37 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 27 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-27-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-27-2022" rel="alternate"/>
                        <description><![CDATA[Tunisia based 216 Capital Ventures raises 9 6m Image from Wamda Highlights Tunisia based VC firm 216 Capital Ventures has raised 9 6 million in the first tranche of its 216 Capital Fund of which 6 4 million was secured from Smart Capital s ANAVA fund of funds nbsp Smart Capital the management company of the ANAVA fund of funds provided up to 6 4 million to the 216 Capital Fund I The fund is a generalist fund that]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 27 May 2022 13:09:15 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 26 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-may-26-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-may-26-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-may-26-2022" rel="alternate"/>
                        <description><![CDATA[Namibia s JABU secures 15m for its B2B e commerce play Image from Pymnts Highlights Namibia based JABU a last mile distribution e commerce company that raised a 3 2 million seed round earlier this year has a 15 million Series A investment led by Tiger Global The round which closed sometime in March is Tiger Global s second investment in the B2B e commerce space after backing Wasoko in its mega Series B round YC backed JABU plans to build around its Jwallet whi]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 26 May 2022 11:52:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 25 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-may-25-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-may-25-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-may-25-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Esaal raises 1 7m to scale across MENA Image from TechEconomy Highlights Esaal one of the largest technology platforms for online health and wellness consultations in the Middle East and North Africa MENA region has completed a 1 7 million seed funding round led by A15 nbsp A15 has been backing Esaal since it was founded to solve the rising health needs in Egypt This tranche brings the company s total investment to date to 3M since being founded in 2018 nbsp Th]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 25 May 2022 13:15:51 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 24 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-24th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-24th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-24th-2022" rel="alternate"/>
                        <description><![CDATA[South Africa s edutech startup FoondaMate raises 2m Image from TechEconomy Highlights South African edtech startup FoondaMate has secured 2 million seed funding in a round led by LocalGlobe to drive uptake of its Whatsapp and Facebook based learning chatbot across the globe Foondamate helps students with their revision by giving them immediate answers to questions and access to revision papers while also guiding them in responses to questions]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 24 May 2022 12:33:27 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 23 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-23rd-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-23rd-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-23rd-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Sylndr raises 12 6m to scale its used cars platform Image from wamda Highlights Sylndr an Egypt based online marketplace for used cars has raised a 12 6 million pre seed round led by RAED Ventures with participation from Algebra Ventures Nuwa Capital 1984 Ventures Global Founders Capital and a group of regional and global angel investors Founded in 2021 by Amr Mazen and former chief financial office]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 23 May 2022 12:51:28 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 20 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-may-20th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-may-20th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-may-20th-2022" rel="alternate"/>
                        <description><![CDATA[AutoCheck acquires Morocco based KIFAL Auto Image from TechCrunch Highlights Nigeria based automotive technology startup AutoCheck this week said it s acquired Morocco based KIFAL auto as it aims to ramp up expansion into the North African market Founded in 2019 by Nizar Abdallaoui Maane KIFAL facilitates the purchase and sale of used cars covering financing warrantie]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 20 May 2022 14:03:10 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 19 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-may-19th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-may-19th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-may-19th-2022" rel="alternate"/>
                        <description><![CDATA[Kenya based Victory Farms raises 5m for expansion Image from TechCrunch Highlights Victory Farms an aquaculture startup and farm for tilapia fish comprising hatcheries nursery ponds and deep water cages has raised 5 million in new funding The investment was led by Ed Brakeman a senior managing director at Bain Capital and Hans den Bieman founder and ex CEO of Mo]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 19 May 2022 12:29:37 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 18 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-may-18th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-may-18th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-may-18th-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Instabug raises 46m Series B Image from Disrupt Africa Highlights Egypt founded and US based bug reporting platform Instabug has raised a 46 million Series B funding round led by Insight Partners with participation from existing and new investors Founded in 2016 in Cairo Instabug is a mobile monitoring crash and bug reporting solution for mobile teams It aims to help developers better understand the performance of th]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 18 May 2022 14:00:12 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 17 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-may-17th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-may-17th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-may-17th-2022" rel="alternate"/>
                        <description><![CDATA[Pan African healthcare startup CarePoint raises 10m Image from TechCrunch Highlights CarePoint a technology driven healthcare startup has raised a 10 million bridge round to accelerate its growth across Africa as it seeks to make healthcare accessible to the masses The startup rece]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 17 May 2022 12:41:25 +0000</pubDate>
                        
                        
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                        <title>Investor Updates: May 16 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-may-16th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-may-16th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-may-16th-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria s Topship raises 2 5m seed round Image from Techcruch Highlights Topship a Nigerian tech startup building a shipping platform to help Nigerian merchants ship locally and internationally has announced a 2 5 million seed round months after concluding the recent Y Combinator winter batch Flexport led the round which includes participation from other backers Y Combinator Soma Capital Starling Ventures]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 16 May 2022 20:44:09 +0000</pubDate>
                        
                        
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                        <title>Investor Updates: May 13 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-13th-may-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/daily-investor-update-13th-may-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-13th-may-2022" rel="alternate"/>
                        <description><![CDATA[Paradigm enters Africa with a 30m round for Jambo Image from Zawya Highlights Jambo a Congo based startup building a Web 3 user acquisition platform has raised 30 m]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 13 May 2022 13:59:11 +0000</pubDate>
                        
                        
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                        <title>Investor Updates: May 12 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-may-12-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-may-12-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-may-12-2022" rel="alternate"/>
                        <description><![CDATA[nbsp Pan African fintech Interswitch raises 110m investment Highlights]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 12 May 2022 10:59:00 +0000</pubDate>
                        
                        
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                        <title>Investor Updates: May 11 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-11-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-11-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Mylerz closes 9 6m round led by Lorax Capital Image from Wamda Highlights Egypt based last mile delivery startup Mylerz has closed a 9 6 million round led by Lorax Capital Partners with participation from Egyptian payment company Fawry Founded in 2019 by Samer Gharaibeh Mylerz provides its customers with same day delivery through a fleet of over 350 vehicles and 21 local fulfilment hubs positioned across Egypt The new f]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 11 May 2022 11:07:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 10 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-10-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-10-2022" rel="alternate"/>
                        <description><![CDATA[ARM Labs partners Techstars to support fintechs in Nigeria Image from TechCrunch Highlights ARM Labs a Lagos based innovation program focused firm in conjunction with Techstars is set to help fintech startups fast track their growth and drive innovation in the country To kickstart the program the f]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 10 May 2022 11:28:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 9 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-9-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-9-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Paymob raises 50m Series B round Image from TechCrunch Highlights Egypt based fintech Paymob has raised 50 million in Series B funding led by Kora Capital PayPal Ventures and Clay Point Founded in 2015 by Islam Shawky Alain El Hajj and Mostafa El Menessy Paymob provides online and offline merchants with digital payment solutions The new funding will be used to help the company to expand it]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 09 May 2022 11:40:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 6 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-6-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-6-2022</guid>
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                        <description><![CDATA[Rali_Cap launches 30m fund for emerging markets Image from TechCrunch Highlights Rali_cap an early stage venture capital firm focused on emerging markets fintech has launched a 30 million fund Last month the firm formerly known as Rally Cap Ventures reached its first close of 20 million its initial target before increasing the fund size The two year old VC fund invests in B2B and API first fintechs across Africa Latin Ameri]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 06 May 2022 15:35:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 5 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-5-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-5-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-5-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria s Norebase gets 1m pre seed funding Image from TechCrunch Highlights Norebase an Africa focused trade technology company has]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 05 May 2022 15:40:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 4 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-4-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-4-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-4-2022" rel="alternate"/>
                        <description><![CDATA[SA VC firm HAVA C completes final close of 20m fund Image from Disrupt Africa Highlights South Africa based VC HAVA C has announced the third and final close of the HAVA C Universum Core African Fund]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 04 May 2022 15:49:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 3 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-3-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-3-2022" rel="alternate"/>
                        <description><![CDATA[Pangea wants to connect African startups to diaspora funding Highlights Norway s Pangea Trust through its equity crowdfunding platform Connect is unlocking diaspora remittance inflows as a funding source for e]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 03 May 2022 15:53:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: May 2 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-may-2-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-may-2-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-may-2-2022" rel="alternate"/>
                        <description><![CDATA[SWVL acquires UKs Zeelo for 100m Image from Wamda Highlights Egypt founded mobility startup SWVL has acquired UK based B2B smart buses operator startup Zeelo in a deal valued at 100 million Zeelo offers an asset light SaaS platform to help large enterprises and other institutions to modernize their daily transport systems Its solution is used by corporates staffing agencies independent schools and universities across the UK Sou]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 02 May 2022 15:56:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 29 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-29th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-29th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-29th-2022" rel="alternate"/>
                        <description><![CDATA[Senegalese B2B marketplace Kwely raises 1m seed round Image from Ventureburn Highlights Kwely a Senegalese B2B wholesale distribution marketplace for made in Africa products has raised a 1 million seed round of funding Founded by Birame Sock Kwely provides existing and new brands with local suppliers in order to get to export ready status a platform to support wholesale transactio]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 29 Apr 2022 06:02:39 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 28 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-28-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-28-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-28-2022" rel="alternate"/>
                        <description><![CDATA[Sun King raises 260m to expand solar energy access in Africa Highlights Sun King a Nairobi Kenya based provider of solar energy products for off grid homes in Africa and Asia has raised 260 million in Series D funding in a round led by BeyondNetZero the climate investing venture of General Atlantic Founded in 2007 as Greenlight Planet by CEO Patrick Walsh Sun King is an off grid solar energy company targeting 1 8 billion consumers across Africa and Asia who lack access to reliable electricity To date Sun King has powered the lives of 82 million people across 40 countries The 260 million financing includes 100 million in primary investment and will be]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 28 Apr 2022 21:17:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 27 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-27-april</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-27-april</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-27-april" rel="alternate"/>
                        <description><![CDATA[SA proptech DigsConnect secures investment from The Delta Image from Ventureburn Highlights Student accommodation marketplace DigsConnect has received investment from international venture builder The Delta as part of its current funding round nbsp]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 27 Apr 2022 19:27:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 26 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-26-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-26-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-26-2022" rel="alternate"/>
                        <description><![CDATA[Ghanaian agritech startup Farmerline secures 12 9m pre Series A Highlights Ghanaian startup Farmerline has secured a 12 9 million debt and equity pre Series A investment The startup partners with agribusinesses and farm associations to support farmers with fertilizer and seeds free education on climate smart farming practices and access to international markets Farmerline s marketplace combines digital tools with logistics field agents farm resources and partnerships Its in house platform Mergdata is licensed by global food traders and manufacturers and used to improve the lives of farmers globally Farmerline has digitized over 1 million farmers acros]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 26 Apr 2022 21:14:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 25 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-25-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-25-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-25-2022" rel="alternate"/>
                        <description><![CDATA[Private capital flows to Africa more than doubled in 2021 Highlights Investors bet record amounts of private equity and venture capital on Africa last year according to a new report by the African Private Equity and Venture Capital Association AVCA The African Private Capital Activity Report released on 19 Mar found that the total value of private capital deals in Africa reached a record high of 7 4 billion in 2021 representing a 118 increase compared to the 3 4 billion registered in 2020 The record amount was almost double the 4 billion that was invested on an annual average basis in Africa between 2016 and 2020 Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 25 Apr 2022 21:03:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 22 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-22-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-22-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-22-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian fintech startup Syarpa raises 500k pre seed Highlights Nigerian fintech startup Syarpa has closed a 500 000 pre seed round of funding to help it expand across Europe and Africa Syarpa enables users to carry out both international money transfers and crypto exchanges by providing fiat and crypto payment solutions It has over 2 000 users and has facilitated transactions worth over 4 million since its launch The startup is now planning expansion across Europe and Africa after its pre seed round led by CrossFund and FirstFounders and also featuring Yolo Investments and a strategic angel investor nbsp Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 22 Apr 2022 20:56:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 21 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-21-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-21-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-21-2022" rel="alternate"/>
                        <description><![CDATA[EM focused Tofino Capital closes first round of 10M fund Highlights Tofino Capital has launched its 10 million Fund and has announced the first close of this fund at 5 million with a goal to reach the final close in nine months Founded by Eliot Pence and Aubrey Hruby Tofino Capital invests in early stage companies in venture scalable markets faced with a lack or inadequate venture capital With the current fund Tofino Capital seeks to back startups in emerging markets across Africa Asia Latin America and the Middle East including countries such as Bangladesh Egypt Nigeria Pakistan Philippines and Mexico Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 21 Apr 2022 20:53:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 20 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-20-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-20-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-20-2022" rel="alternate"/>
                        <description><![CDATA[Egyptian e mobility startup Shift EV secures Series A funding Highlights Egyptian electric mobility startup Shift EV has raised an undisclosed Series A funding round to help it onboard more clients and scale operations into other markets in the Middle East and North Africa MENA region nbsp Founded in 2020 Shift EV converts existing fuel run vehicles into electric ones utilizing its in house designed and manufactured batteries and late last year delivered its first fleet of electrified vehicles The funding round was led by Union Square Ventures Algebra Ventures and Wamda all of whom participated in its seed round last year They were also joined by the Om]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 20 Apr 2022 20:49:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 19 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-19-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-19-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-19-2022" rel="alternate"/>
                        <description><![CDATA[The Food Lab raises 4 5m pre seed round Highlights The Food Labs an Egypt based cloud kitchen operator has raised 4 5 million in a pre seed round co led by Nuwa Capital Shorooq Partners and 4DX Ventures Founded in 2020 by Kareem El Daly Ahmed Osman and Wesam Masoud The Food Lab offers shared kitchen spaces to brick and mortar restaurants alongside a technology platform that provides end to end services including procurement cooking delivery and marketing It currently works with over 50 local and international brands With The Food Lab existing restaurant owners can grow exponentially while new brands can go from concept to launch within just]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 19 Apr 2022 20:43:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 18 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-18-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-18-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-18-2022" rel="alternate"/>
                        <description><![CDATA[Tiger Global leads 12m seed extension in Zambia s Union54 Highlights Zambian card issuing fintech Union54 has raised 12 million in a seed extension round led by Tiger Global six months after raising its seed round of 3 million also led by Tiger Global The startup s API allows African software companies to issue and manage their debit cards without needing a bank or third party processor Since its launch in October and participation in Y Combinator s summer batch 2021 Union54 has issued slightly over 500 000 virtual debit cards to its customers and claims to have processed volumes in millions of dollars Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 18 Apr 2022 20:38:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 15 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-15-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-15-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-15-2022" rel="alternate"/>
                        <description><![CDATA[SA founded Luno hits new milestone with 10m customers Highlights Luno the crypto company founded by two South Africans now has 10 million customers in over 40 countries Luno s latest one million customers were onboarded in just six months Luno allows customers to buy crypto for as little as R1 in line with its mission to put the power of crypto in everyone s hands South Africa is one of Luno s strongest and most active markets Customer growth in the country is almost 40 year on year while over 40 of the new customers added in the last six months are based in the home market Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 15 Apr 2022 20:34:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 14 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-14-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-14-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-14-2022" rel="alternate"/>
                        <description><![CDATA[African digital bank Umba gets 15M for expansion Highlights Umba a Nigerian digital banking platform operating in Lagos Nigeria has raised 15 million in Series A funding to expand financial products to underserved populations across three new markets in Africa The new funding follows a 2 million seed round in 2020 bringing the total funding received to date to 17 5 million Nubank and other investors like Tom Blomfield the co founder of Monzo and previous backers Lachy Groom and ACT Ventures Lux Capital Palm Drive Capital Banana Capital and Streamlined Ventures participated in this round with VC firm Costanoa Ventures leading the round]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 14 Apr 2022 20:31:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 13 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-13-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-13-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-13-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian customer engagement startup Simpu raises 1m pre seed Highlights Nigerian startup Simpu a B2B SaaS platform helping brands deliver better customer engagement experiences through an omnichannel solution has raised a 1 million pre seed funding round to help it expand Founded in 2020 Simpu makes communication and engagement software for businesses nbsp The startup s flagship product is a lego flexible omnichannel inbox for teams which unifies communication channels like email WhatsApp Twitter direct messages Facebook Messenger SMS and website live chat into one fantastic experience Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 13 Apr 2022 20:29:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 12 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-12-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-12-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-12-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Pylon raises 19m seed round Highlights Egypt based infrastructure management platform Pylon has raised 19 million in a Seed funding round comprising equity and debt led by Endure Capital Cathexis Ventures Khawarizmi Ventures Loftyinc Ventures and angel investors nbsp Founded in 2017 by Ahmed Ashour and Omar Mohamed Radi Pylon democratizes smart grid infrastructure to energy and water distribution companies in emerging markets enabling them to capture up to 400 billion of losses and uncollected revenue The investment will accelerate Pylon s growth via expansion into other emerging markets Southeast Asia Africa Latin America and advance engin]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 12 Apr 2022 20:26:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 11 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-11-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-11-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-11-2022" rel="alternate"/>
                        <description><![CDATA[Egyptian edtech Sprints raises 1 2m seed round Highlights Egypt based edtech Sprints has raised 1 2 million in a seed funding round led by the Alexandria Angels Network as well as members of MED Angels and AUC Angels Cubit Ventures Challenge Fund EdVentures Falak Startups and Cairo Angels Founded in 2019 Sprints provides users aged between 18 and 35 with a customized learning journey to advance their careers in software in the Middle East and Africa The startup claims to have delivered 20 000 learning experiences resulting in more than 80 employment rates Over the next 3 years it plans to upskill 1 million youth Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 11 Apr 2022 20:18:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 8 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-8-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-8-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-8-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s PIE acquires online marketplace Exits Highlights Egypt based Mergers and Acquisitions M amp A Advisory Firm PIE has acquired Exits a regional online marketplace for buying and selling websites apps and traditional businesses for an unknown amount Founded in 2022 by Mohamed Aboulnaga PIE is a firm focused on mergers and acquisitions for startups and SMEs Exits is a Cairo based buying selling mediator for companies that connect buyers and sellers anonymously with the option of reviewing key metrics to find the right fit Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 08 Apr 2022 13:31:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 7 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-7-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-7-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-7-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian fintech startup ImaliPay raises 3m Highlights ImaliPay a nbsp Nigeria based one stop shop financial services platform for gig workers has closed a 3 million seed in debt and equity round This comes after it raised an 800 000 pre seed round in 2020 The startup was launched in late 2020 by Tatenda Furusa and Oluwasanmi Akinmusire after Furusa noticed the challenges ride hailing drivers faced when accessing working capital or emergencies like running out of fuel in Nairobi The investment will go into expanding its 50 man team amping up its technology and exploring new markets like Ghana and Egypt Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 07 Apr 2022 13:28:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 6 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-6-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-6-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-6-2022" rel="alternate"/>
                        <description><![CDATA[Visa unveils first innovation hub in Africa Highlights Global digital payments giant Visa has opened up an innovation studio in Kenya its first in Africa and sixth globally after posts in Dubai London Miami San Francisco and Singapore The studio will bring together developers Visa s internal and external clients and other partners to co create payment and commerce solutions Visa has previously used its existing innovation hubs to design products for the African market including a collaboration with Nigerian Fintech Paga to develop new merchant acceptance solutions involving QR codes and NFC technology Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 06 Apr 2022 13:24:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 5 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-5-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-5-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-5-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria based mPOS provider ZirooPay raises 11 4m Series A Highlights ZirooPay a mobile POS supplier based in Lagos has secured 11 4 million in a Series A round headed by Zrosk Investment Management a Lagos based venture capital firm IroFit ZirooPay s parent organization pitched its Internet free technology as a mobile platform for small companies to receive card payments via a mobile app and EMV certified card reader in locations where there is no data access especially in emerging economies The new funds will be used to develop ZirooPay s payment infrastructure accelerate expansion and increase its personnel Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 05 Apr 2022 13:21:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 4 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-2-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-2-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-2-2022" rel="alternate"/>
                        <description><![CDATA[Africa focused daba wants to connect startups and retail investors Highlights daba is a simple financial services platform that allows everyone to invest in some of the most promising companies in Africa through a mobile app nbsp On the platform which is currently in beta investors of all levels can discover find and invest in vetted high growth opportunities on the continent At the other end of the spectrum capital seekers from early stage to growth stage startups can raise funding build community and secure alternative financing options all through the platform Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 04 Apr 2022 13:15:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: April 1 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-april-1-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-april-1-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-april-1-2022" rel="alternate"/>
                        <description><![CDATA[Egyptian mobility startup SWVL debuts on Nasdaq Highlights Egypt founded and UAE based mobility startup SWVL on Thursday launched its initial public offering price on Nasdaq at 10 per share The company listed 20 30 of its shares for trading at an expected value of 200 300 million through a merger with the American company Queens Gambit Growth Capital with the purpose of acquisition SWVL currently operates in 16 countries and has acquired three startups to date It plans to use the proceeds of the offering by fully injecting them within 18 months into the expected expansions Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 01 Apr 2022 13:10:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 31 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-31-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-31-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Khazna raises 38m Series A round Highlights Egypt based fintech Khazna has raised a Series A round of 38 million in equity and debt with the equity investment led by Quona Capital while the debt financing was provided by Lendable Launched in 2020 by Omar Saleh Ahmed Wagueeh Fatimah El Shenawy and Omar Salah Khazna aims to serve underbanked Egyptians who have little access to formal financial services including general purpose credit buy now pay later BNPL and bill payment Khazna has raised a total of 47 million since the company s inception The new round will allow it to ramp up its efforts to replace informal cash driven alternatives acros]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 31 Mar 2022 14:45:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 30 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-30-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-30-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-30-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria dominates as Africa records 24 startups in YC s W22 batch Highlights Y Combinator s latest batch Winter 2022 W22 features 414 startups from 42 countries representing more than 80 sectors About half of the companies in the batch are based outside of the United States India with 32 startups is the second largest demographic represented in the new batch while Nigeria is third having delivered 18 startups This is the first time an African country is appearing in the top three Africa as a whole has 24 startups in this new batch a record besting Summer 2021 s 15 Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 30 Mar 2022 14:43:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 29 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-march-29-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-march-29-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-march-29-2022" rel="alternate"/>
                        <description><![CDATA[CredPal raises 15m to scale BNPL across Africa Image from Nairametrics Highlights CredPal one of the earliest pioneers of buy now pay later BNPL in Nigeria has closed a bridge round of 15 million in equity and debt to expand its consumer credit offerings across Africa Per a statement shared by the company the investment will support its expansion into other Afr]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 29 Mar 2022 19:00:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 28, 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-28-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-28-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-28-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s fantasy football platform Eksab raises 3m Highlights Egypt based daily fantasy football platform Eksab has secured a 3 million seed funding round led by 4DX Ventures with participation from a number of local and international angel investors bringing the total funding the platform has raised to date to 3 7 million Launched in 2018 by Aly Mahmoud Eksab allows players to choose free or premium competitions make predictions and choose line ups with winners climbing the leaderboard and winning cash and prizes Eksab will deploy the capital to scale its user base across the MENA region and Africa invest in product development talent acquisition for]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 28 Mar 2022 14:56:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 25 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-25-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-25-2022" rel="alternate"/>
                        <description><![CDATA[Ghanaian diagnostics startup Yemaachi raises 3m seed round Highlights Ghanaian cancer research and diagnostics company Yemaachi Biotech has closed a 3 million seed round to advance its mission of diversifying precision oncology globally nbsp Founded in 2020 Yemaachi uses cutting edge immunogenomics bioinformatics and artificial intelligence to accelerate the development of cancer detection and cure strategies that have high efficacy regardless of ethnicity Last year Yemaachi was one of 15 African companies to be selected for the S21 batch of the Y Combinator accelerator and was also recently named a recipient of a 1 million grant by the Bill and Melinda]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 25 Mar 2022 14:44:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 24 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-24-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-24-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria based Kwik raises 2m to expand offerings Highlights Kwik a Nigeria and French based startup that provides logistics services to B2B merchants from social vendors to e commerce platforms has raised 2 million in Series A funding The financing round was led by XBTO Ventures The two year old company which raised a 1 9 million seed round last March takes an average commission of 20 for each delivery Kwik plans to use the funding for customer acquisition and to finance operations across Nigerian cities beyond Lagos and Abuja as well as launch financial services Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 24 Mar 2022 14:50:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 23 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-march-23-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-march-23-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-march-23-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s FlapKap launches after raising 1 2m Image from MENAbytes Highlights Egypt based software as a service SaaS platform FlapKap has launched after raising 1 2 million in a round led by A15 Co founded by Ahmad Coucha CEO Khaled Nassef CTO Amr Gamal COO and Sherif Bichara FlapKap offers e commerce businesses AI based insight to help them optimize their advertising spend It currently operates in the UAE and Egypt with plans to launch in Saudi Arabia]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 23 Mar 2022 19:19:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 22 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-22-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-22-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-22-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s largest banks launch 85m MEA focused fintech fund Highlights Three major Egyptian banks Banque Misr National Bank of Egypt and Banque du Caire are backing the 85 million fund Nclude by Global Ventures which will target investments in fintech startups operating in the Middle East and Africa region MEA The fund is anchored by Banque Misr with the National Bank of Egypt and Banque du Caire acting as strategic investors Other investors include eFinance Investment Group and Egyptian Banks Company It has already deployed investments in the four companies including Khazna a B2B digital reward app Lucky a consumer financing app Paymob a payment]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 22 Mar 2022 14:39:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 21 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-march-21-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-march-21-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-march-21-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Lucky raises 25m to grow its rewards app Image from wamda Highlights Egypt based fintech app Lucky which also operates in Morocco has raised 25 million in a Series A round led by the recently launched fintech VC fund Nclude Founded in 2018 Lucky is a digital rewards app offering cashback and credit products such as save now pay later The app allows users to rack up and redeem points for discounts on purchases from over 20 000 local and]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 21 Mar 2022 06:57:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 18 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-18-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-18-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-18-2022" rel="alternate"/>
                        <description><![CDATA[New Google partnership to empower African entrepreneurs Highlights The Tony Elumelu Foundation TEF and Google announced an inaugural Google org Fellowship to provide one million additional Africans with access to TEFConnect as part of the Foundation s mission to empower young African entrepreneurs from all 54 African countries TEFConnect is already home to over one million African entrepreneurs and offers tailored tools market partnerships and access to coaches and investors to small businesses Meanwhile the partnership is the first Google org Fellowship in Africa and will offer enormous opportunities for Africa s digital community]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 18 Mar 2022 14:36:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 17 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-17-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-17-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-17-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria based Big Cabal Media secures 2 3m seed for expansion Highlights Big Cabal Media the Nigerian parent company of leading digital media publications TechCabal and Zikoko has raised 2 3 million in seed funding for expansion The new funding brings BCM s total funding secured to over 2 9 million after the startup raised 620 000 in angel and pre seed rounds between 2016 and 2020 With the new funding the company plans to develop new digital products expand its staff and reach more audiences Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 17 Mar 2022 14:33:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 16 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-16-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-16-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-16-2022" rel="alternate"/>
                        <description><![CDATA[Sokowatch closes mega 125m Series B round Highlights Sokowatch a company using technology to transform the informal retail supply chain has closed a 125 million Series B equity round while also rebranding to Wasoko and launching operations in West Africa Launched in 2016 Sokowatch provides free same day delivery of essential goods and financing to informal retail stores across Africa The platform enables retailers to order products at any time via SMS or mobile app and receive delivery through its proprietary logistics network to their store nbsp Now known as Wasoko the startup has delivered 2 5 million orders to over 50 000 informal retailers across si]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 16 Mar 2022 14:18:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 15 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-15-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-15-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-15-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Bosta expands to Saudi Arabia raises pre Series B funding Highlights Egypt based e commerce delivery solutions provider Bosta has announced its expansion to Saudi Arabia after completing an undisclosed Series B funding round led by Khwarizmi Ventures and Hassan Allam Holding in addition to other investors The company earlier announced plans to expand to the UAE by the end of 2022 part of Bosta s plan to spread and offer its services across the Middle East after a very successful launch in Egypt Since its founding in 2017 by Mohamed Ezzat and Ahmed Gaber Bosta has managed to deliver over 10 million shipments Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 15 Mar 2022 14:14:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 14 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-14-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-14-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-14-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria s Moove raises 105m Series A2 round to scale globally Highlights Nigeria based mobility fintech startup Moove has raised 105 million in an oversubscribed Series A2 round to scale to seven new markets across Asia MENA and Europe over the next six months The startup uses proprietary performance and revenue analytics to underwrite loans to drivers that have previously been excluded from financial services The company is now planning global expansion after closing the Series A2 round consisting of equity and debt which brings the total investments raised by Moove to 174 5 million Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 14 Mar 2022 14:12:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 11 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-11-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-11-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-11-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria BNPL startup Klump raises 780k pre seed funding Highlights Lagos based buy now pay later BNPL startup Klump has raised a 780 000 pre seed funding round to help it launch its flagship Pay with Klump product with select partners Founded in 2021 by Celestine Omin and Olufunbi Falayi who have combined experience building products with Konga DealDay Paystack Andela Amazon and H E B Klump offers customers the option to buy and receive their purchases right away and spread the payments over 4 equal installments With its proprietary credit eligibility and fraud detection engine Klump is able to make an informed credit decision on a customer in les]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 11 Mar 2022 13:59:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 10 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-10-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-10-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-10-2022" rel="alternate"/>
                        <description><![CDATA[Naqla raises 10 5m for its Egyptian logistics platform Highlights Egyptian trucking logistics startup Naqla has raised a 10 5 million pre Series A funding round led by El Sewedy Capital Holding SCH Hassan Allam Holding HAH and the Sallam family to allow it to further expand in 2022 Founded by Sherif Taher and Samer Sallam in 2017 Naqla is an app based technology marketplace connecting truck owners with cargo companies nbsp The startup s goal is to modernize and expand Egypt s supply chain by automating orders between shippers and drivers Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 10 Mar 2022 13:53:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 9 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-9-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-9-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-9-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian digital bank Yep raises 1 5m pre seed Highlights Yep a Nigerian financial super app with payments remittance and banking features has raised 1 5 million in a pre seed round led by pan African VC Greenhouse Capital The startup plans to go live across the five markets where E Settlement its parent company is present serving digital financial services to consumers small business owners and merchants It will provide account opening debit card issuance bill payments credit financing services to online consumers and financial management services to both consumers and businesses Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 09 Mar 2022 13:48:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 8 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-8-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-8-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-8-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Mowarrid acquired by Saudi firm Sary Highlights Saudi Arabia based B2B e commerce platform Sary has acquired Mowarrid an Egypt based B2B marketplace for an undisclosed amount Founded in 2018 by Ahmed Essam Mowarrid focuses on B2B food and grocery allowing retailers to digitally procure their needs across its platform In December 2021 Sary raised 75 million in a Series C round taking the total funding raised by the startup to 112 million The acquisition is part of Sary s plan to expand into the Middle East North Africa and Pakistan markets Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 08 Mar 2022 13:42:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 7 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-7-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-7-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-7-2022" rel="alternate"/>
                        <description><![CDATA[Uganda s Rocket Health raises 5m for its telemedicine platform Highlights Rocket Health a startup working to transform the delivery of medical care using technology in Uganda has closed a 5 million Series A funding round led by Creadev Launched in 2012 Rocket Health offers online medical consultation collection of samples and the delivery of medicines They also have a USSD service for those without an internet connection too After nearly a decade of operation in Uganda the startup is now set to scale its integrated digital health solution to more regions across the country and within East Africa over the next two years Sourc]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 07 Mar 2022 13:39:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 4 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-4-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-4-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-4-2022" rel="alternate"/>
                        <description><![CDATA[Africa focused Stax gets 2m for its automated USSD app Highlights Stax a startup that allows Africans to buy airtime send and request money and transfer funds between accounts via automated USSD codes has raised a 2 2 million seed extension round Stax has employees working from the US the UK Nigeria and Kenya Its platform is active in 10 African markets but it fully supports six countries where over 100 banks and mobile money accounts are available for customers to use U S based VC firms World Within Ventures and Noemis Ventures co led the round which equips Stax to develop new features and expand its services from 10 African countries to 50 when it]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 04 Mar 2022 08:28:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 3 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-3-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-3-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-3-2022" rel="alternate"/>
                        <description><![CDATA[Microsoft wants to back 10 000 startups in Africa Highlights Microsoft has announced plans to support 10 000 startups in Africa over the next five years through several initiatives including partnerships with accelerators and incubators across the continent The US giant is also partnering with venture capital investors to increase funding access for startups in Africa by unlocking 500 million in potential investment These initiatives will be carried out through the recently established Africa Transformation Office ATO which drives Microsoft s strategic work in Africa by partnering with public and private organizations Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 03 Mar 2022 08:26:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 2 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-march-2-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-march-2-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-march-2-2022" rel="alternate"/>
                        <description><![CDATA[SA crypto exchange VALR raises 50m Series B to expand across Africa Highlights South African cryptocurrency exchange VALR has raised a US 50 million Series B funding round led by Pantera Capital which values the company at 240 million and will use the proceeds to expand across the continent Launched in 2019 VALR is a digital asset platform that allows customers to buy sell store and transfer Bitcoin and 60 other cryptocurrencies nbsp It has so far processed over 7 5 billion in trading volume and serves over 250 000 retail customers and 500 institutional clients The startup raised its 3 4 million Series A in 2020 Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 02 Mar 2022 07:55:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: March 1 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-january-30th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-january-30th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-january-30th-2022" rel="alternate"/>
                        <description><![CDATA[M Kopa raises 75m equity funding for expansion Image from TechCrunch Highlights M Kopa which offers underbanked customers finance to acquire solar lighting smartphones TVs and domestic appliances has raised 75m in a new round bringing its total equity funding to 100m The round was led by Generation Investment Management and Broadscale Group with participation from new and existing investors With the funding M KOP]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 01 Mar 2022 06:08:23 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 28 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-28-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-28-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-28-2022" rel="alternate"/>
                        <description><![CDATA[Ghanaian logistics startup Boxconn expands to Nigeria Botswana Highlights Ghanaian logistics startup Boxconn has already launched operations in Nigeria and Botswana and plans further expansion having already facilitated thousands of deliveries Founded in January 2021 after the team formed during the MEST Africa program in Accra Boxconn is a logistics software platform that allows businesses and individuals to deliver on demand It offers a white label delivery service that allows businesses to promote delivery through their own channels and get access to an on demand fleet of riders Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 28 Feb 2022 07:46:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 25 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-25-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-25-2022" rel="alternate"/>
                        <description><![CDATA[Egyptian logistics startup OneOrder launches with 1m funding Highlights OneOrder a new logistics company looking to solve Egyptian restaurants supply chain inefficiencies has announced its launch and the successful completion of a 1 million fundraise led by A15 a leading Middle East and North Africa MENA venture capital firm Founded by Tamer Amer OneOrder aims to tackle Egypt s restaurant industry s main supply chain issues such as pricing quality and timing The startup s platform allows restaurants to buy all their needs from one application There are similar restaurant supply chain inefficiencies in other countries in MENA and OneOrder aspires to]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 25 Feb 2022 07:43:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 24 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-24-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-24-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-24-2022" rel="alternate"/>
                        <description><![CDATA[South Africa s UCOOK acquired by Silvertree for 12 3m Highlights South African meal kit delivery startup UCOOK has been fully acquired by Silvertree Holdings in a deal worth ZAR187 million US 12 3 million nbsp Founded six years ago and now a market leader UCOOK is a dinner kit delivery service providing sustainable and ethically sourced ingredients straight to a user s doorstep nbsp Having previously received investment from Silvertree Holdings the startup has now been acquired outright in a deal that sees the co founders exit the business and hands the executive reins to Silvertree Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 24 Feb 2022 21:49:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 23 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-23-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-23-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-23-2022" rel="alternate"/>
                        <description><![CDATA[TradeDepot acquires Green Lion to drive growth in Ghana Highlights TradeDepot a B2B marketplace that connects micro retailers with distributors and manufacturers of fast moving consumer goods FMCGs has acquired Green Lion its competitor in Ghana for an undisclosed amount The acquisition involves a full take over of Green Lion s assets relationships in Ghana and its employees Green Lion had developed fintech solutions to enable traders to access financing and a digital ledger Wysr which retailers use for stock monitoring and bookkeeping Green Lion has so far made 29 854 transactions with 4 404 customers making it one of the largest B2B e commerce pla]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 23 Feb 2022 21:41:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 22 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-22-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-22-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-22-2022" rel="alternate"/>
                        <description><![CDATA[Kenya s MarketForce raises 40m Series A round Highlights MarketForce the retail B2B and end to end distribution platform founded in Kenya has raised 40 million in Series A funding for its merchant inventory financing and expansion across Africa The YC backed startup raised over 2 million in pre Series A funding last year and has followed that up within seven months with a Series A MarketForce was launched in Uganda Tanzania and Rwanda last year after growing beyond Kenya and Nigeria nbsp It now plans to introduce buy now pay later BNPL options to help merchants access fast moving consumer goods FMCGs on credit and enter additional markets in East and]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 22 Feb 2022 21:38:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 21 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-february-21st-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-february-21st-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-february-21st-2022" rel="alternate"/>
                        <description><![CDATA[African startups raise 1b in seven weeks Highlights It has taken startups in Africa barely 7 weeks to raise their first 1 billion in 2022 through more than 130 deals according to data collated by Africa The Big Deal By comparison it took the ecosystem 10 5 months to get there in 2019 over 8 months in 2020 and 5 months in 2021 nbsp In the first 7 weeks of this year two mega deals 100m have already been disclosed the 100m Se]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 21 Feb 2022 22:22:52 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 18 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-18-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-18-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-18-2022" rel="alternate"/>
                        <description><![CDATA[West African super app Gozem launches operations in Cameroon Highlights Gozem the super app already operational in Lome Cotonou Libreville and several other West African cities has announced the launch of its taxi booking service in Douala Cameroon Launched in Togo in November 2018 as a taxi hailing service Gozem operates in 12 cities across Togo Benin Gabon and Cameroon with more than one million downloads and over seven million trips since its launch The startup has been pivoting towards a super app model a process accelerated by a 5 million funding round secured last year and now provides a suite of services including transportation e commerce]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 18 Feb 2022 21:26:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 17 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-17-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-17-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-17-2022" rel="alternate"/>
                        <description><![CDATA[Moroccan logistics startup Freterium raises 4m seed round Highlights Y Combinator backed Freterium a Moroccan logistics startup closed a 4 million seed round led by Partech in December to fuel growth and serve more companies across Africa and the Middle East Launched in 2020 Freterium provides a transport management software that connects shippers with the entire logistics ecosystem to collaborate in real time helping them cut time and shipping costs It currently has over 20 enterprise customers and over 3 000 users The startup experienced fast growth in 2021 and opened an office in the United Arab Emirates UAE It is now planning further expansion afte]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 17 Feb 2022 21:25:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 16 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-16-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-16-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-16-2022" rel="alternate"/>
                        <description><![CDATA[Flutterwave valued at 3 billion after mega 250m Series D Highlights Nigeria based payments giant Flutterwave has raised 250 million in Series D funding raising the value of the company to over 3 billion The latest backers of the Nigerian unicorn include B Capital Group with participation from Alta Park Capital Whale Rock Capital Lux Capital among others Flutterwave raised 170 million in Series C a little under a year ago to push its valuation as of then to over 1 billion The new funds will drive Flutterwave s ambitious expansion plans Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 16 Feb 2022 09:21:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 15 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-february-15th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-february-15th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-february-15th-2022" rel="alternate"/>
                        <description><![CDATA[MoneyHash emerges from beta with 3m pre seed Image from TechCrunch Highlights Egyptian fintech startup MoneyHash has raised a 3 million pre seed funding as it emerges from beta to launch across the Middle East and Africa Founded in late 2020 MoneyHash provides a unified checkout experience built on top of a secure super API that aggregates payment and fintech solutions through a single integration and a central dashboar]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 15 Feb 2022 22:06:07 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 14 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-14-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-14-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-14-2022" rel="alternate"/>
                        <description><![CDATA[Stitch raises 21m to build a pan African payment powerhouse Highlights South African fintech API Stitch has closed a 21 million Series A funding round that drew participation from The Spruce House Partnership PayPal Ventures and TrueLayer among a mix of global and local investors The funding comes 12 months after the company emerged from stealth with a 6 million seed round and will be used to expand the team launch new product offerings and enter new markets across the continent This investment will also allow the company to expand its API and help more clients link bank accounts wallets and stores of value to its financial graph]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 14 Feb 2022 09:14:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 11 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-11-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-11-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-11-2022" rel="alternate"/>
                        <description><![CDATA[IFC invests 10m in SA based Knife Capital Fund Highlights IFC a member of the World Bank Group has invested 10 million in Knife Fund III a new fund managed by Cape Town based venture capital firm Knife Capital Knife aims to raise 50 million for Fund III which will primarily target investments at the Series B stage Fund III follows Knife Fund II launched in 2016 and Fund I 2010 IFC s US 10 million investment will provide financial support to tech startups in high growth sectors in South Africa with strong potential for expansion across Africa and internationally including enterprise technology software health tech and fintech]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 11 Feb 2022 09:07:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 10 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-10th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-10th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-10th-2022" rel="alternate"/>
                        <description><![CDATA[YC backed Nigerian fintech Duplo raises 1 3 pre seed nbsp TechCrunch Highlights Duplo a Lagos based startup building a payments operations platform for businesses raised a 1 3 million pre seed round led by early stage pan African VC firm Oui Capital Last November Duplo got into Y Combinator and is taking part in the accelerator s current winter batch Its solution addresses inefficiencies in payment processes predominan]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 10 Feb 2022 21:44:47 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 9 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-9-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-9-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-9-2022" rel="alternate"/>
                        <description><![CDATA[Tiger Global leads 20m funding in Egyptian investment app Highlights Egypt based fintech Thndr has raised 20 million in a Series A round co led by Tiger Global BECO Capital and Prosus Ventures Founded in 2020 by Ahmad Hammouda and Seif Amr Thndr is a digital investment platform that allows its users to invest in stocks bonds and funds in the Middle East through its mobile based and low commission digital stock brokerage nbsp The startup claims 87 of its user base are first time investors and 40 of users come from rural areas The new funding will go towards product development and expanding Thndr s presence across the region]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 09 Feb 2022 09:02:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 8 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-8-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-8-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-8-2022" rel="alternate"/>
                        <description><![CDATA[Egypt s Swvl gets additional 21 5m ahead of Nasdaq listing Highlights Egyptian mobility company Swvl has raised an additional 21 5 million in private investment in public equity PIPE deal as part of its proposed business combination with Queen s Gambit ahead of its future listing on the Nasdaq exchange Founded in 2017 Swvl offers intra and intercity travel options along with B2B partnerships with public and private institutions aimed at transporting students and employees Last July Swvl announced a planned initial public offering IPO on the Nasdaq exchange after a merger with special purpose acquisition company SPAC Queen Gambit Growth Capital which]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 08 Feb 2022 08:58:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 7 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-7-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-7-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-7-2022" rel="alternate"/>
                        <description><![CDATA[Nigeria s Reliance Health raises 40m Series B Highlights Reliance Health a Lagos Nigeria and Austin Texas based emerging markets focused digital healthcare provider has closed a 40 million Series B funding round led by General Atlantic Founded by Femi Kuti Opeyemi Olumekun and Matthew Mayaki Reliance Health uses an integrated process to provide health insurance and telemedicine via partnerships with hospitals and healthcare facilities The company plans to use the new funds to expand the platform in emerging mark]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 07 Feb 2022 08:54:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 4 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-4-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-4-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-4-2022" rel="alternate"/>
                        <description><![CDATA[Oracle commits 1m to support African startups Highlights Oracle has launched a 1 million program aimed at helping African startups across different industries implement the latest digital technologies to drive business growth Led by Oracle for Startups the multinational cloud computing company will provide extra resources and support to technology startups across the continent over the next two years Businesses will also have access to hands on technical support executive mentoring go to market resources and customer engagements The program which follows Oracle s recent announcement of its first cloud region in Africa to meet the rapidly growing demand f]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 04 Feb 2022 08:40:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 3 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-3-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-3-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-3-2022" rel="alternate"/>
                        <description><![CDATA[Kenyas Lami acquires Bluewave insurtech Highlights Kenyan insurtech startup Lami Technologies has acquired Bluewave Insurance Agency for an undisclosed amount as it seeks to make insurance covers accessible to more people across Africa Bluewave insurance also a Kenyan startup was founded by Adelaide Odhiambo who now joins Lami as the head of commercial partnerships nbsp Since its launch in 2016 Bluewave has built an online platform that allows clients to access micro insurance products through diverse channels The deal will see Lami integrate Bluewave s technology into its core platform further enhancing its B2B2C capabilities S]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 03 Feb 2022 08:37:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 2 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-february-1-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-february-1-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-february-1-2022" rel="alternate"/>
                        <description><![CDATA[Kenyan logistics startup Amitruck raises 4m seed Highlights Kenya based digital trucking logistics startup Amitruck has raised a US 4 million seed funding round to accelerate its expansion across Africa and expand its team across key functions including sales engineering and customer success nbsp Launched in 2019 Amitruck is a marketplace that seeks to bring trust transparency and efficiency to transport The startup s platform connects transporters directly with cargo owners via its web or mobile application avoiding middlemen nbsp Transporters bid for work on the platform ensuring competitive prices while cargo owners have convenient access to a ra]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 02 Feb 2022 08:31:00 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: February 1 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-update-february-1st-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-update-february-1st-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-update-february-1st-2022" rel="alternate"/>
                        <description><![CDATA[Egyptian cloud security startup Magalix acquired Image from Disrupt Africa Highlights Magalix an Egyptian American cloud security startup has been acquired by Weaveworks Limited a GitOps company with headquarters in London and San Francisco Founded in 2017 by Ahmed F Mohamed and Ahmed Badran and headquartered in the US with its R amp D engineering team in Egypt Magalix built a platform that enables organizations to embed security and compliance using DevO]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 01 Feb 2022 21:20:34 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: January 31 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investor-updates-january-31st-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investor-updates-january-31st-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investor-updates-january-31st-2022" rel="alternate"/>
                        <description><![CDATA[Global tech founders launch 200m fund targeting Africa s next unicorns Image from Financial Times Highlights The founders of leading tech firms including Klarna Skype and Delivery Hero have commenced a 200 million venture capital fund to source potential tech unicorns in Africa Initiated by Sweden s Norrsken Fo]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 31 Jan 2022 06:14:26 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: January 28 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-28th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-28th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-28th-2022" rel="alternate"/>
                        <description><![CDATA[Nigerian proptech Seso Global opens US UK offices Highlights Nigerian startup Seso Global has launched offices in Los Angeles and Columbus United States and London United Kingdom to enable it to engage with diaspora communities and build partnerships for investing safely in African real estate Launched in Nigeria in June 2019 Seso has developed a customer relationship management CRM portal that enables property developers agents and governments to manage their properties documentation and]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 28 Jan 2022 05:58:19 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: January 27 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-27th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-27th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-27th-2022" rel="alternate"/>
                        <description><![CDATA[TLcom Capital raises 70m to invest in African startups Image from TechNext Highlights VC firm TLcom has announced a first close of 70 million for its 150 million Africa focused tech fund It sees participation from Allianz the world s largest insurance company as well as a host of new and returning investors the TLcom team and major DFIs With its new fund TLcom will expand its existing focus on fast growth tech enabled African startups to Egypt as well as strengthen its lon]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 27 Jan 2022 05:52:25 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: January 26 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/investors-update-january-26-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/investors-update-january-26-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/investors-update-january-26-2022" rel="alternate"/>
                        <description><![CDATA[Floatpays secures 4m seed funding Image from Disrupt Africa Highlights South Africa based fintech startup Floatpays has secured around 4 million in a seed funding round to expand its on demand wage access platform that also helps employees access spend save and manage their money Founded in 2019 and a participant in the S21 cohort of Y Combinator after which it saw a 43 growth in its employer base and 70 user growth The startup now plans to consolidat]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 26 Jan 2022 05:40:24 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: January 25 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-january-25-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/daily-investor-update-january-25-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-january-25-2022" rel="alternate"/>
                        <description><![CDATA[Tunisian enterprise AI startup raises 100m Highlights InstaDeep a Tunis and London based enterprise AI startup has raised 100 million in Series B financing led by Alpha Intelligence Capital and CDIB with partic]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 25 Jan 2022 00:52:05 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: January 24 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-january-24th-2022</link>
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                        <description><![CDATA[Story 1 Egyptian unicorn fintech mulls US listing Image from DailyNewsEgypt Highlights Fawry Egypt s largest electronic payments startup is considering a secondary listing in the United States US after it went public on the Egyptian Stock Exchange in 2019 and became a unicorn in 2020 It is also creating an American Depositary Shares ADS programme Founded in 2008 Fawry provides a wide range of financial services including payment gateways e commerce and microf]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 24 Jan 2022 18:18:18 +0000</pubDate>
                        
                        
                    </item>
                

                    <item>
                        <title>Investor Updates: January 21 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-january-21st-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-january-21st-2022" rel="alternate"/>
                        <description><![CDATA[Story 1 Morocco s Chari hits 100m valuation Highlights Morocco based B2B e commerce and retail startup Chari has secured a bridge round at a 100 million valuation This follows a 5 million seed round raised last October which valued the company at 70 million The YC and Harvard University backed Chari operate as a mobile app that allows small retailers in Morocco and Tunisia to order products from its partner FMCG manufacturers and deliver items in less than 24 hours The company recently acquired Moroccan ledger book Karny ma which provides credit and bookkeeping services to about 50 000 merchants Source]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 21 Jan 2022 23:14:49 +0000</pubDate>
                        
                        
                    </item>
                

                    <item>
                        <title>Investor Updates: January 20 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-january-20th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/daily-investor-update-january-20th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-january-20th-2022" rel="alternate"/>
                        <description><![CDATA[Story 1 Gaming startup Carry1st raises 20m from A16z and Google Highlights South Africa based Carry1st has raised 20 million from marquee investors led by Andreessen Horowitz a16z for its mobile game publishing platform built for the African market Founded in 2018 Carry1st allows game developers to publish and distribute their work manage operations and receive payments through multiple channels in Africa This is a16z s first investment in an Africa headquartered company The round an extension of Carry1st s Series A raise last May from Riot Games and others also saw participation from Avenir Google and legendary American rapper Nas]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 20 Jan 2022 23:12:03 +0000</pubDate>
                        
                        
                    </item>
                

                    <item>
                        <title>Investor Updates: January 19 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-january-19th-2022</link>
                        <guid isPermaLink="true">https://dabafinance.com/en/learn/updates/daily-investor-update-january-19th-2022</guid>
                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-january-19th-2022" rel="alternate"/>
                        <description><![CDATA[Story 1 Kenya s Copia closes 50m Series C round Highlights Copia Global a Kenyan B2C e commerce platform has raised 50 million in a Series C equity round led by Goodwell Investments with participation from the U S International Development Finance Corporation DFC German development finance institution DEG and others Founded in 2013 Copia serves middle and low income African consumers across East Africa The company combines mobile technologies a network of 30 000 local agents and proprietary Copia Logistics to reach a market that traditional retail and online e commerce models cannot The round comes three years after Copia s Series B round of 26 m]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 19 Jan 2022 23:03:08 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: January 18 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-january-18th-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-january-18th-2022" rel="alternate"/>
                        <description><![CDATA[Story 1 Nigerian restaurant SaaS Orda raises 1 1m pre seed Highlights Nigeria based Orda which offers a cloud based restaurant operating system to small chefs and food business owners has closed a 1 1 million pre seed round led by pan African investor LoftyInc Capital to scale its software across Africa Founded in 2020 and formerly known as StarKitchens Orda s full stack and end to end service helps restaurants manage their business processes online while integrating local payments logistics inventory management and business analytics features Currently the startup charges restaurants between 5 to 50 monthly to access its software and plans to add fi]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Tue, 18 Jan 2022 22:59:26 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: January 17 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-january-17th-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-january-17th-2022" rel="alternate"/>
                        <description><![CDATA[Story 1 PAPSS officially launched to aid payments across Africa Highlights The much anticipated Pan African Payments and Settlement System PAPSS was officially launched on Thursday January 13 in a hybrid event held in Accra Ghana With the new payment system which is the brainchild of the African Export and Import Bank Afreximbank a customer in one African country can make payments in their own currency while the recipient in another country receives money in their own currency Prior to the launch PAPSS was successfully piloted in the West African Monetary Zone WAMZ a regional economic organisation that comprises Gambia Ghana Guinea Liberia Nige]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Mon, 17 Jan 2022 22:55:51 +0000</pubDate>
                        
                        
                    </item>
                

                    <item>
                        <title>Investor Updates: January 14 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-january-14th-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-january-14th-2022" rel="alternate"/>
                        <description><![CDATA[Story 1 Fintech Farm to launch neobank in Nigeria Highlights Fintech Farm is a new UK based fintech startup and has raised a 7 4 million seed round to launch digital banks in emerging markets including Nigeria Led by Flyer One Ventures and Solid the investment round will help accelerate Fintech Farm s plans to launch in eight countries over the next two years The startup plans to take a credit led neobank model With plans to launch in Nigeria this quarter it will be competing with other indigenous players with similar approaches including FairMoney and Carbon Fintech Farm hopes to edge out the competition by providing cheaper and more accessible financing]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Fri, 14 Jan 2022 22:49:19 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: January 13 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-january-13th-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-january-13th-2022" rel="alternate"/>
                        <description><![CDATA[Story 1 Nigeria s SeamlessHR closes 10m Series A Highlights SeamlessHR a Nigeria based company that provides cloud based end to end human resources HR and payroll software services has raised 10 million in Series A funding for its next phase of growth and regional expansion TLcom Capital a pan African venture capital firm led the round nbsp The startup s client base comprises hundreds of leading businesses in Nigeria and Ghana and says its software is used by over 100 000 employees from these organizations monthly With this new funding SeamlessHR will expand into Southern and Eastern Africa launch embedded finance offerings and add more functional]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Thu, 13 Jan 2022 07:52:24 +0000</pubDate>
                        
                        
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                    <item>
                        <title>Investor Updates: January 12 2022</title>
                        <link>https://dabafinance.com/en/learn/updates/daily-investor-update-january-12-2022</link>
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                        <atom:link href="https://dabafinance.com/en/learn/updates/daily-investor-update-january-12-2022" rel="alternate"/>
                        <description><![CDATA[Story 1 Afrikrea becomes ANKA closes 6 2m round Highlights The Ivory Coast based e commerce platform that helps micro retailers sell to 170 countries has rebranded to ANKA while successfully completing a 6 2m pre Series A round led by Investisseurs amp Partenaires This bring their fundraising total to 8 1m since inception in 2016 The pre Series A round will help ANKA build out its SaaS mobile infrastructure and further product development ANKA plans to roll out a breadth of features including a customised online storefront connected to sellers social media platforms and marketplace channels access to shipping with]]></description>
                        
                        <dc:creator>Daba Finance</dc:creator>
                        <pubDate>Wed, 12 Jan 2022 13:22:19 +0000</pubDate>
                        
                        
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