Sri Lanka-based apparel company Hela Apparel Holdings has secured a $5 million loan from Aavishkaar Capital, an Indian venture capital firm, and German state-owned investment… Read More »Sri Lanka Firm Hela Apparel Secures Funds for Expansion in Africa
Seedstars Capital and Swiss-based philanthropy Fondation Botnar have launched a fund named Seedstars Youth Wellbeing Ventures targeting people below the age of 30 years in… Read More »Seedstars, Fondation Botnar Announce $20M Fund Targeting African Startups
The African Development Bank Group (AfDB) has released its 2022 Annual Report showing solid performance over the year. From the report, AfDB recorded a significant… Read More »AfDB Annual Report 2022 Demonstrates Commitment to African Countries
Funding for Africa’s start-ups in May hit $645 million, a report by The Big Deal– a startup-oriented database has established. According to the report, the… Read More »Start-ups Funding in Africa Bounces Back in May After Two Slow Months
Orange Middle East and Africa and Digital Africa have signed a partnership aimed at promoting the growth of start-ups in Africa. According to a statement… Read More »Orange Middle East and Africa and Digital Africa Sign Deal to Support Start-ups
The World Bank through its private sector arm, the International Finance Corporation (IFC), has committed to supporting the construction and operation of Safaricom Ethiopia’s 5G… Read More »Boost for Safaricom Ethiopia as World Bank Commits $257M for 5G Network Rollout
Mastercard and Morocco’s fintech firm NAPS have partnered to develop innovative payment solutions for individuals and businesses. Mastercard’s Country General Manager Mohamed Benomar and NAPS… Read More »Morocco’s Fintech Firm NAPS partners with Mastercard to Develop Innovative Payment Solutions
Renewable energy and sustainability projects from Africa headlined Africa Investment Forum during Africa Development Bank’s (AfDB) 2023 Annual Meetings. In a statement on May 25,… Read More »Africa Investment Forum showcases $1.5 billion Projects at AfDB 2023 Annual Meetings
Africa Development Bank (AfDB) President Akinwumi Adesina has challenged private investors to support Africa’s green infrastructure development. Speaking during this year’s AFDB Annual Meeting in… Read More »AfDB President asks Private Sector to Invest more in Green Infrastructure
Three African countries will benefit from the UK’s £15 million funding aimed at promoting healthcare in Africa. The initiative, under the UK’s Official Development Assistance… Read More »Ghana, Nigeria and Kenya Secure £15 million UK Funding to Promote Healthcare in Africa