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African Development Bank, Partners Invest $618 Million to Grow Nigeria’s Creative Enterprises
The African Development Bank and some partners have officially launched a new Investment in Digital and Creative Enterprises (iDICE) programme.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Clean Transport Volvo Delivers Its 1st Electric Heavy-Duty Truck in Africa
Volvo Trucks has delivered its first heavy-duty electric truck to Morocco, marking a major milestone in the development of electric vehicles in Africa.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, transportation
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Elemental Aims to Pump $43 Million Into Climate Startups With ‘Deep Community Impact’
Elemental Excelerator, a nonprofit investor in climate-tech startups including BlocPower and ChargerHelp, says it’s “doubling down” in the wake of Silicon Valley Bank‘s collapse.
- Categories
- Energy, Environment, Technology
- Region
- Global
- Tags
- climate change, startups
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Nigerian Credit-Led Fintech FairMoney Acquires PayForce in Retail-Merchant Banking Play
Nigerian credit-led digital banking platform FairMoney has acquired PayForce (sub-brand of YC-backed CrowdForce).
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, MSMEs
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Press Release: Flat6Labs Launches $95 Million Seed Fund to Back Early-Stage Startups in Africa
Seed investor and accelerator Flat6Labs, has launched a new $95 million Africa Seed Fund (ASF) to nurture the growth and development of African early-stage tech startups.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- agtech, climate change, edtech, fintech, innovation, startups
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Agros Raises US $2.7 Million in Pre-Series A Funding Round
Sustainable agriculture solutions help Asian farmers decarbonize and double their profits, says agritech start-up.
- Categories
- Agriculture, Technology
- Region
- South Asia
- Tags
- agtech, energy access
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Naspers Shuts Down Foundry, Its $100 Million Fund Focused on South African Startups
According to the report, the firm, which is taking this approach as venture capital takes a hit globally, will maintain the investments.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- failure, startups, venture capital
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Why Safaricom, East Africa’s Biggest Telecom, Is Getting Sued by Its Customers
Pressure is mounting on Safaricom, with two major lawsuits from its customers now demanding accountability from the telco giant.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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