STIHL East Africa is set to introduce a range of battery-powered products in the East African market as part of its first-year anniversary celebration in… Read More »STIHL to Launch Battery-Powered Technology in Eastern Africa
The China Development Bank (CDB) entered into a $400-million financing deal with the African Export-Import Bank (Afreximbank) Monday to support small and medium-sized enterprises (SMEs)… Read More »Afreximbank, China Development Bank Sign $400M Financing Deal for SMEs in Africa
The United States has announced a partnership with Kentaste, a Kenyan coconut processor in a project aimed to enhance coconut processing in Kenya. The US… Read More »US Govt to Invest $1.6M in Kenya’s Coconut Industry
Kentegra, a Kenyan-US biotech firm has secured $15 million funding in equity from Finnish financier, Finnfund in collaboration with USA’s International Development Finance Corporation (CDC).… Read More »Kenya’s Biotech Kentegra Raises $15M Equity Fund to Boost Pyrethrum Production
AMEA Power, a prominent renewable energy firm based in Dubai, has signed a 25-year power purchase agreement (PPA) with the government of Djibouti for a… Read More »Dubai’s AMEA Power Signs Deal with Djibouti for 25MW Solar PV Plant
SeekMake, a Tunisia-based contech has raised $530,000 in the form of dividends from Lafayette Group which is a renowned equity firm in Europe. With the… Read More »Tunisian Contech Startup SeekMake Raises $530K for Global Expansion
Glamera, an Egyptian tech startup that helps beauty service providers manage their businesses effectively and connect with clients, has secured the Software Point of Sale… Read More »Egypt’s Beauty Services Booking Platform Glamera Secures Pass to Saudi
Kenyan startups received $520 million in funding in the first half of 2023 to overtake Nigeria as the country with the highest startup funding in… Read More »Kenya Beats Nigeria in Value of Startup Funding in H1 2023
The International Finance Corporation (IFC) has issued a $10 million bond to Zambia to support the country’s domestic capital markets. According to IFC, the bond… Read More »IFC Issues Second Bond to Support Zambia Capital Markets
LemFi, a Canada-based fintech that allows Africans in the diaspora to send money back home and vice versa, has raised $33 million in a Series… Read More »LemFi Raises $33 M Series A Funding, Eyes Global Expansion