GLOBAL: Shariah asset manager, Cur8 Capital, jointly invested in the US$45 million seed round for GoCab, which buys, then leases vehicles to cab drivers and delivery couriers in the African nations of the Ivory Coast, Senegal and Morocco. The funding round was led by E3 Capital and Janngo.africa with participation from KawiSafi Ventures. The US$15 million in equity investment and US$30 million in debt finance will foster GoCab’s fleet growth to reach 10,000 cars sold within the next 24 months.
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