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Moove Becomes Africa’s Newest Unicorn After $250 Million Series C
The capital is earmarked for Moove’s push into autonomous vehicles, funding both fleet ownership and “Nests,” depot facilities where self-driving cars will be charged, serviced, and maintained.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- data, e-mobility, innovation, startups
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IFC Supports Expansion of Financing for Kenya’s Small Businesses through the First Catalytic First Loss Guarantee Transactions in Africa
The CFLG is an innovative program delivered under IFC's $4 billion MSME Platform, enabling IFC to provide first-loss coverage to partner financial institutions by leveraging blended finance through the International Development Association's Private Sector Window (IDA PSW).
- Categories
- Finance
- Region
- Sub-Saharan Africa
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African Development Fund Grants $4.3 Million to Strengthen Integration of Natural Capital Into Decision-Making in 13 African Countries
The strategy aims to strengthen policy-making systems, statistical systems, institutional frameworks, and knowledge-generation mechanisms needed by the regional member countries participating in the project and the African Development Bank Group to assess natural capital and incorporate it into public policy-making.
- Categories
- Environment
- Region
- Sub-Saharan Africa
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Standard Bank Lands $327.1 Million African Development Bank Investment for SMEs in South Africa
According to Standard Bank, the 2024 facility had been fully utilised by December 2025, supporting 5,425 SMEs across sectors including agriculture.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Swedfund Invests $12 Million to Strengthen Climate-Resilient Agriculture and Food Security Across Africa
The financing will support businesses providing essential services to smallholder farmers, including improved access to agricultural markets, affordable finance, digital technologies, quality farm inputs and post-harvest infrastructure.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Miller Center Capital Invests in Koolboks to Expand Solar-Powered Cold Storage for Micro-Entrepreneurs in Ghana
The financing will help Koolboks fulfill a large purchase order from a leading multinational FMCG (fast-moving consumer goods) company that will distribute solar-powered chest freezers to microfranchise vendors in Ghana.
- Categories
- Investing, Social Enterprise
- Region
- Sub-Saharan Africa
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Press Release: World Bank Group Support to Help Philippines Expand Resilient Water and Sanitation Services for Water Security and Jobs
The project is expected to generate 8,700 jobs within five years of completion, rising to around 46,500 jobs over a 25-year period.
- Region
- Sub-Saharan Africa
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Interpol Report Finds AI Linked to More Than Half of Cybercrime in Africa
The 40-page report draws on survey data from 36 African member countries and highlights a defining shift: cyber-criminality has evolved from isolated incidents into an industrialized, borderless ecosystem.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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