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African Bitcoin Mining Firm Gridless Raises $2 Million in Funding Round Led by Stillmark, Block Inc.
The mining company focuses on rural communities in East Africa and intends to increase electricity and energy access for the region.
- Categories
- Energy, Finance, Technology
- Region
- Sub-Saharan Africa
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Energy Access and Connectivity Part of African Development Bank Strategy for Ethiopia
The African Development Bank has released its new 2023-2027 Country Strategy Paper for Ethiopia that highlights energy access and connectivity as priorities.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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IRENA Report: Renewable Energy Capacity in Sub-Saharan Africa Was 30% As of 2021
The average yearly additions are less than a third of the annual capacity of 860 GW that needs to be added to meet the 1.5°C scenarios.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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South African Early-Stage Venture Capital Firm 4Di Capital Announces Second Close to New $25 Million Seed Fund
The capital will target seed and post-seed stage startups in South Africa, East Africa, and the continent at large.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Bboxx EDF Sign €11 Million Deal With OGEF to Accelerate Electrification of an Additional 1.5 Million People in Togo
The funding will enable Bboxx EDF to ramp up clean electrification delivery in Togo.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Trafigura Secures US $600 Million for Congo Cobalt and Copper Mines
An important component of the loan agreement involves the enhancement of environmental, social and governance (ESG).
- Categories
- Environment
- Region
- Sub-Saharan Africa
- Tags
- governance
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Tanzania’s YC Alum Ramani Raises $32 Million to Digitize Consumer-Packaged Goods Supply Chains, Lend Resellers
Ramani, a Tanzanian startup focused on consumer-packaged goods (CPG) supply chains, plans to introduce new financial services as it expands its operations in the East Africa.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- data, supply chains
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African Telcos Target Minors With New Mobile Money Solutions
African telecom operators are re-imagining these accounts, lining up digital junior wallets to allow young individuals aged below 18 years old to make more transactions over mobile phones.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, savings
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