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Press Release: LoftyInc Capital Announces $43 Million First Close of its New Pan-African Seed Fund
LoftyInc Capital Management has secured a $43 million first close for its new LoftyInc Alpha Fund, a late-seed investment vehicle aimed at scaling Africa’s most promising tech startups, particularly in Nigeria, Egypt, Kenya, and Francophone Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Carlos Slim Cuts Ties With Elon Musk’s Starlink, Invests $22 Billion in Independent Network
Carlos Slim has ended his partnership with Elon Musk’s Starlink, opting for independent infrastructure development. Slim’s América Móvil plans a $22 billion investment to bolster its telecom services, signaling a competitive shift in Latin America’s market.
- Categories
- Technology, Telecommunications
- Region
- Latin America
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Revitalizing Off-Grid Solar: Why Africa’s PAYGo Sector is Ready for a New Dawn
Africa's off-grid solar sector, particularly pay-as-you-go (PAYGo) solar, has passed through a period of disillusionment among investors, as profitability has remained elusive. But as Chris Emmott at Acumen, Audrey Desiderato at Mirova and Bankole Cardoso at Delta40 Venture Studio argue, the sector nevertheless stands on the cusp of becoming a mature industry with real and sustainable impact. They explain why they remain optimistic about the future of PAYGo solar as impact investors, and why it's time for honest conversations and compromise from all stakeholders — including companies and their investors — about how the industry can move into the next stage of its development.
- Categories
- Energy, Environment, Finance, Investing, Technology
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Indonesia, Apple Reach Agreement to End iPhone 16 Sales Ban
The ban was lifted five months after Indonesia blocked the U.S. iPhone maker from selling its iPhone 16 phones in Indonesia for violating the country’s regulation mandate.
- Categories
- Technology
- Region
- South Asia
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$1 Billion Investment Gets IKEA Closer to Being ‘Fully Circular’ by 2030
The retailer's venture capital arm backs three recyclers and a software firm.
- Categories
- Technology, WASH
- Region
- Global
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Analysis: China Wants Tech Companies to Monetize Data, but Few Are Buying In
A first-of-its-kind policy allows Chinese firms to treat data as an asset, but compliance hurdles are keeping many companies on the sidelines.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- data, e-commerce, gig economy, regulations
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Islamic Finance Breaks New Ground With USD$20 Million Investment Into Pioneering Digital Mineral Sourcing Platform
Minexx, the responsible critical mineral trading company, secures USD$20 million Islamic finance investment to accelerate its AI powered digital platform – MineSmart AI.
- Categories
- Energy, Technology
- Region
- Global
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Kenya Declares Olkaria a Special Economic Zone to Boost Clean Energy Investments
The 8,292-acre Olkaria SEZ is set to attract local and international investors with incentives such as tax exemptions, infrastructure support, and access to affordable geothermal power.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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