French development finance institution Proparco has committed $17.25 million to the Alterra Africa Accelerator Fund LP (AAA Fund), a pan-African growth equity fund managed by Alterra Capital Partners. The commitment underscores Proparco’s confidence in Alterra’s strategy of backing high-quality African businesses with strong growth potential, job creation capacity, and long-term...

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Safaricom Profit Tops $770 Million as Ethiopia Expansion Boosts Growth

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