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Proparco Completes Pre-Series-A Investment in Moringa Fueling its Expansion across Africa

Logo Moringa
This investment will aid Moringa to prepare for Series A funding in 2023. Apart from International expansion outside Kenya, the funding from Proparco will also facilitate the broadening of the range of courses offered by Moringa. Currently the institution offers Software Engineering, Data Science and Soft Skills courses with plans to offer courses in UI/UX design in the near future.
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Proparco and Digital Africa join forces to provide a range of financing solutions for startups "Made in Africa"

Coding
As part of its 2022-2025 roadmap, Digital Africa will support 200 African startups at different stages of their growth with a wide range of offers at their disposal. Thanks to a joint and sustainable mobilization with Proparco, new investment and support mechanisms are implemented to support tech startups “Made in Africa”.
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AFD Group and the European Commission collaborate to support public and private investments in Africa

ce ue proparco afd garantie soutien pme afrique
On the occasion of the 7th edition of the EU-Africa Business Forum (EABF) and on the sidelines of the EU-AU Summit, the Chief Executive Officer of Agence Française de Développement, Rémy Rioux, signed guarantees with the European Commission for the FISEA+ and Cityriz initiatives. These two programs will be implemented by AFD Group and benefit from European support. A partnership between AFD and the Democratic Republic of Congo (DRC) was also signed for the implementation of an integrated national master plan for digital infrastructure in the country.
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Proparco joins Africa’s largest low-to-zero emission vehicle subscription platform MAX as a new investor

Max
Metro Africa Xpress Inc. (“MAX”) - the largest vehicle subscription platform for low-to-zero emission vehicles in Africa, announces it has raised $31 million of new capital, in the first close of a Series B funding round. Subsequent closes are expected in the next few weeks. Proparco, through the Digital Africa Bridge Fund, joins as a new investor.
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