-
Press Release: Microsoft and G42 Announce $1 Billion Comprehensive Digital Ecosystem Initiative for Kenya
The largest single private-sector digital investment in Kenya’s history will support economic development across East Africa.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
-
TowerCo Gets $30 Million from UK Agency for Telco Towers in Tanzania
ToA Tanzania focuses on owning and operating passive telecommunications infrastructure for lease to mobile network operators.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
-
Techstars-Backed BlackCopper Set Out to Disrupt Lending, Now It Owes Investors ₦1 Billion
Despite its bright start and significant press coverage, BlackCopper soon faced an existential crisis: it could not recover over 60,000 loans disbursed to customers.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- digital finance, failure, fintech, lending, startups
-
UBA Gets Sh37 Billion Loan From Parent for SMEs
UBA Kenya joins the growing list of lenders directing money towards small businesses.
- Categories
- Investing
- Region
- Sub-Saharan Africa
-
South Africa in Talks With Climate Backers Over Delaying Coal Plant Closures
Keeping the lights in a struggling economy while shutting down some old coal-fired plants supplying most of South Africa’s electricity needs has proven a tough task.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
-
M-Pesa and Data Revenue Push Safaricom to First Profit Growth in Three Years
Revenues from M-Pesa grew 20% year-on-year, reaching $1 billion (KES140 billion) from $891.3 million.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
-
OpenseedVC Announces First Close of $10 Million Fund to Back Early-stage African Operators
OpenseedVC is a venture capital firm that plans to support operator-launched startups in Africa and Europe with their first investment.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- startups, venture capital
-
AFC to Raise Almost $1 Billion for Africa Infrastructure Plans
Africa Finance Corp. is looking to raise almost $1 billion in the first half of 2024 to support industries and resilience against climate change as it readies for the next growth phase across the continent.
- Categories
- Environment, Finance
- Region
- Sub-Saharan Africa
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.