At the beginning of 2024, in January, as per Forbes, the African continent’s 5 billionaires were worth an estimated $35.6 billion. Nigeria’s Aliko Dangote was… Read More »Africa’s 5 Richest Men with Massive Investment in Africa
On Thursday, Tanzania secured a $1.1 billion financing package from the World Bank, promoting inclusive growth and urban services. The funds will enhance climate resilience… Read More »Tanzania secures $1.1bn World Bank Investment Fund
Kenyan- based Abyssinia Iron and Steel Limited on Wednesday, December 20 signed a Power Purchase Agreement with Norway’s solar power financier Empower New Energy. The… Read More »Kenya-Based Abyssinia Steel and Spenomatic join Forces with Empower New Energy to Solarise Awasi Steel Factory
South Africa Parcel shipping platform TUNL raises $1 million to accelerate growth of e-commerce exports from Africa in pre-seed funding from Founders Factory Africa, Digital… Read More »South Africa Shipping Platform TUNL Raises $1 Million in Pre-Seed Round
African fashion e-commerce startup MAKA, has announced a pre-seed round of $2.65 million. The Company pre-seed round was led by Pan-African venture capital firms 4DX… Read More »African Fashion Commerce Startup, MAKA Raises $2.65 Million Pre-Seed Round
Techstar and ARM Labs have Partnerd to Invest $1.2 Million among 12 African Startup’s after they were admitted to the second cohort of the African… Read More »Techstar, ARM Labs Partner to drive $1.2 Million Investment in 12 African Startups
African Development Bank (AfDB) Group, Board of Directors have approved a $1 billion guarantee program in collaboration with the UK Foreign Commonwealth and Development Office… Read More »AfDB approves $1 Billion Guarantee from the United Kingdom to support South Africa Energy Transition
African corporate cards and spend management platform Bujeti has raised $2 million in seed funding with leading accelerator Y Combinator at the forefront of the… Read More »Bujeti Raises $2 Million in Seed Funding to Transform Corporate Spending across Africa
Acumen a US-based company that promotes universal energy access on Monday, December 4 launched the Hardest to Reach initiative of $250 million at the SDG7… Read More »Acumen Joins Climate Fund in $250 Million Support for Africa Clean Energy
Africa is set to benefit from new $420 Million Climate Fund after five countries and the EU pledged a historic new loss and damage fund… Read More »COP28: Africa to Benefit from New $420 Million Climate Fund