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Abu Dhabi Fund for Development Approves a $30 Million Loan for Water Supply in Kiffa, Mauritania
The funding will support the implementation of the Kiffa Water Supply Project in the south of the country.
- Categories
- WASH
- Region
- Sub-Saharan Africa
- Tags
- lending, rural development, water
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Tunisian E-Commerce Startup Drest Raises $336K to Fund African Expansion
Drest has raised US$336,000 from 216 Capital Ventures to fund its expansion into the African market.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, startups
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Commerzbank and Investec Mobilise €178 Million for Rural Water Ivory Coast
The Ivorian government has received new funding to improve access to drinking water in rural areas.
- Categories
- Technology, WASH
- Region
- Sub-Saharan Africa
- Tags
- water
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World Bank Lines up $300 Million Soft Loan for Kenya Power
The World Bank will provide a $300 million interest-free loan to Kenya Power to help the utility pay debts, revamp its ageing transmission network and expand the national grid.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
- Tags
- lending, renewable energy
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Nomba, an African Fintech Raises $30 Million Pre-Series B
Nomba (formerly Kudi) has secured $30 million pre-Series B to expand its payment solutions for African businesses.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Vitalite Zambia Secures $1.5 Million From EDFI ElectriFI to Support Its Growth
Vitalite is a Solar home System distribution company that was created to increase rural electrification.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Funding Announced for African E-Commerce and Fintech Initiatives
The African Development Fund and the Smart Africa Alliance have jointly launched a US$1.5 million project to streamline digital trade and e-commerce policies across 10 African countries.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigerian Fintech Startup Storspay Raises $320K, Selected for Techstars NYC
Storspay has developed a decentralised retail lending infrastructure platform for the internet.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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