Kenyan startup BasiGo has secured $24 million in equity funding and $17.5 million in debt to boost its electric bus fleet. The Series A equity… Read More »BasiGo Raises $41.5 Million to Expand Electric Bus Fleet in Kenya and Rwanda
Rwanda has introduced a new five-year FinTech strategy to become a regional financial services hub. The plan, covering 2024 to 2029, focuses on boosting the… Read More »Rwanda Launches Five-Year Plan to Become FinTech Hub
Sawari Ventures, an Egypt-based venture capital firm, will launch its second fund, “Sawari Ventures II,” in early 2025. The firm aims to raise $200 million… Read More »Sawari Ventures to Launch $200 Million Fund in Early 2025
IHS Towers, Africa’s largest telecom tower company, has secured a $439 million loan to strengthen its operations. The loan will help manage currency risks and… Read More »IHS Towers Secures $439 Million Loan to Refinance Debt and Manage Currency Risks
Invest Africa and British International Investment (BII) will host a forum focused on promoting inclusive development in South Africa. The event, titled “Impactful Investing for… Read More »Invest Africa to Host Forum on Impactful Investing for Inclusive Growth in South Africa
Intelsat, a leading satellite services provider, has unveiled a new satellite cellular backhaul platform in Lagos, Nigeria. The service, called Intelsat CellBackhaul Nigeria, aims to… Read More »Intelsat Launches New Satellite Cellular Backhaul Service to Boost Connectivity in Nigeria and West Africa
The Milken Institute and Motsepe Foundation have revealed the 10 teams advancing to the Semifinalist Round of the Milken-Motsepe Prize in FinTech. Each team will… Read More »Milken Institute and Motsepe Foundation Announce Semifinalists for $2M FinTech Prize
Grid Africa has received an equity investment of R50 million ($2.8 million) from Rifuwo Energy Partners. This funding aims to boost the development of renewable… Read More »Grid Africa Secures R50 Million Investment to Drive Solar Energy in South Africa Amid Rising Energy Costs
Endeavor South Africa has secured R190 million in the first close of its R500 million Harvest Fund III. This exceeds its initial target of R150… Read More »Endeavor South Africa Raises R190 Million in First Close of Harvest Fund III
Zambia is ready to take its place in space data analysis with the commissioning of the Ground Receiving Station in Chibombo District. The facility, which… Read More »Zambia’s Ground Receiving Station Fully Operational, Set to Advance Development