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South African Online Retailer Takealot Warns About E-Commerce Competition from Chinese Clothing Manufacturers Temu and Shein
Despite Takealot being a local business, many South Africans have come out in support of Shein and Temu because of their cheap prices.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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IMF Approves Over $900 Million to Support Tanzania Budget, Climate Change Fight
The funding will help tackle climate change while also completing a separate review allowing for the disbursement of $149.4 million for budget support.
- Categories
- Environment, Finance
- Region
- Sub-Saharan Africa
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Press Release: BII Signs Agreement With Meridiam to Provide $15 Million to Rift Valley Energy to Expand Access to Sustainable Energy in Tanzania
This agreement will provide energy to about 170,000 people per year and connect 4,000 businesses and households to the grid for the first time.
- Region
- Sub-Saharan Africa
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Press Release: World Bank Supports Policy Reform of Ghana’s Energy Sector and Access to Clean Cooking
The PforR will support Ghana’s Energy Sector Recovery Programme (ESRP) to improve the financial viability of electricity distribution and increase access to clean cooking solutions.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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IFC, Proparco and RMB Partner With WIOCC Group to Raise Over $50 Million to Invest in Digital Infrastructure in Africa
With this funding, WIOCC plans to expand its core and edge data centres in the Democratic Republic of the Congo, Nigeria and South Africa to meet data centre services.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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What Does a Changing Cobalt Market Mean for the Democratic Republic of the Congo?
The biggest cobalt producer in the world, the DRC is behind 70% of all supplies. But falling prices are making it harder for the country’s independent miners to benefit.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- employment, mining
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Fibe Raises USD $90 Million in Series E Round
Moving beyond a typical financial solutions provider, Fibe is playing a pivotal role in fulfilling the aspirations of young India - the world's largest workforce.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Rwanda’s EV Startup Ampersand Partners with BYD for Expansion
On Tuesday, June 18, 2024, Kigali-based electric vehicle (EV) energy tech company, Ampersand, signed a landmark agreement with a Chinese–born EV company, BYD, to enhance electric motorbike development and deployment in Africa.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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