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Food;Investments & Funding;Education

AfDB invests $15 million in SPE PEF III to back growth-stage African businesses

The African Development Bank Group has approved a $15 million equity investment in SPE PEF III, a private equity fund targeting growth-stage companies in North Africa and select sub-Saharan markets. The fund focuses on manufacturing, business services, and human capital sectors, aligning with the Bank's strategic priorities.

Africa | 14 hours ago
Agriculture & Farming
Agriculture & Farming

Standard Chartered structures social resilience-linked loan for COFCO International with supply chain KPIs

COFCO International has secured a USD 435 million sustainability-linked loan from Standard Chartered with margin adjustments tied to responsible sourcing volumes and supplier due diligence improvements. The facility shifts sustainability-linked financing focus toward social resilience and supply chain compliance in agricultural origination markets.

14 hours ago • South America;Brazil
AI & Automation
AI & Automation

RoboForce raises $52m to scale physical AI robots for industrial labour

RoboForce has secured $52 million in an oversubscribed funding round led by YZi Labs, bringing total capital raised to $67 million. The investment will support development of the company's robot foundation model and manufacturing readiness for deploying physical AI robots across solar, data center, mining, and logistics sectors.

14 hours ago • United States
Investments & Funding
Investments & Funding

Japan and Nigeria launch JPY 3.142 billion initiative to bolster startup ecosystem and private capital mobilization

The Japan International Cooperation Agency and the Nigeria Sovereign Investment Authority have established a long-term partnership to finance West African startups. With a JPY 3.142 billion grant, the project aims to stabilize the local venture capital environment, foster social entrepreneurship, and create new corridors for strategic collaboration between Japanese enterprises and Nigerian innovators.

14 hours ago • Nigeria

Latest News

Energy & Power | 16 hours ago

JGC-Hyundai joint venture selected as EPC contractor for Papua LNG plant

JGC Corporation and Hyundai E&C have been selected as the EPC contractor for TotalEnergies' Papua LNG Project, a 4 million tonne-per-year low-carbon facility in Port Moresby. The plant will use electric drive technology to reduce emissions, with final award subject to project FID scheduled in 2026.

Business & Corporate | 14 hours ago

AfDB invests $15 million in SPE PEF III to back growth-stage African businesses

The African Development Bank Group has approved a $15 million equity investment in SPE PEF III, a private equity fund targeting growth-stage companies in North Africa and select sub-Saharan markets. The fund focuses on manufacturing, business services, and human capital sectors, aligning with the Bank's strategic priorities.

Finance | 14 hours ago

World Bank and IFC launch US$25.75 million initiative to drive Djibouti’s economic diversification and SOE reform

The World Bank Group has initiated its first performance-linked financing program in Djibouti with a US$25.75 million grant. This project, co-led by the International Finance Corporation, marks the start of a US$75.75 million decade-long commitment aimed at restructuring state-owned enterprises and enhancing the private sector investment climate to foster long-term job creation.

Just In
18:46 Renalfa Power Clusters acquires Romanian solar and storage projects for hybrid expansion 18:40 JGC-Hyundai joint venture selected as EPC contractor for Papua LNG plant 20:42 AfDB invests $15 million in SPE PEF III to back growth-stage African businesses 20:36 World Bank and IFC launch US$25.75 million initiative to drive Djibouti’s economic diversification and SOE reform 20:25 IFC commits $125 million to OCI TerraSus for Sarawak polysilicon facility 20:14 Egg Power acquires Chirmorie Wind Farm to bolster UK energy supply for AI and digital infrastructure