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EIB Global Invests €25 Million in Amethis Fund III to Promote Sustainable Growth of African Businesses
Amethis Fund III will target companies supplying goods and services to low- and middle-income populations in Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Africa CEOForum: Afreximbank Announces a $50 Million Line of Credit for Spiro’s EVs
The loan should enable the start-up, which operates in Rwanda and Togo, among other countries, to expand its electric motorbikes and battery exchange stations.
- Categories
- Transportation
- Region
- Sub-Saharan Africa
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Helios Towers’ Public Listed Bond, Co-anchored by BII, Mobilises Private Capital of Over $700 Million to Support Africa’s Digital Transformation
BII is providing $30m anchor commitment, alongside other anchor investors including IFC, DEG and the Emerging Africa Infrastructure Fund.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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Biden Doesn’t Want You Buying an E.V. From China. Here’s Why.
The president wants to shift America’s car fleet toward electric vehicles, but not at the expense of American jobs or national security.
- Categories
- Transportation
- Region
- North America
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BioNTech Secures $145 Million to Boost mRNA Vaccine Capabilities in Africa
The German biotech will use the funding to enhance the mRNA vaccine research and development capacity of its facility in Kigali, Rwanda.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Paystack-Led Consortium Acquires Brass, Replaces CEO
The acquisition ends months of uncertainty over the future of Brass after delays in processing customer withdrawals began in October 2023.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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Sefa Finances $8 Million for Productive Use of Off-Grid Solar in Ethiopia
The funding will support a pilot project “to test the commercial viability and effectiveness of a business model integrating mini-grids with agro-industrial operations at nine sites in Ethiopia”, says the AfDB.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Alpla, Re-Purpose Invest to Recycle Plastic in South Africa
European packaging producer says a planned site in Ballito, South Africa, will be able to handle 35,000 metric tons annually of discarded plastic.
- Categories
- WASH
- Region
- Sub-Saharan Africa
- Tags
- partnerships, recycling, waste
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