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African Development Bank Earmarks €10 Million Equity Investment to Drive Africa Tech Startups
The investment will help Cathay-AfricInvest Innovation Fund meet its target of securing €110m to invest in over 20 early-stage ventures across sub-Saharan Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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BGFA Finances $2.5 Million for the Distribution of Oolu’s Solar Kits
The solar home systems provider will use the funds to expand its operations in rural areas of Burkina Faso.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Analysis: Do African Startups Really Benefit From the Foreign Capital Craze?
Although foreign funds are increasingly pouring into the continent, especially into start-ups, the real benefit to local economies is far from certain. One solution is to encourage the emergence of African-owned companies.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Africa in the Crosshairs of Ukraine War – UN Chief
Africa has severe exposure to the economic effects of the Ukraine war, says UN secretary-general António Guterres as he calls for urgent action from the West.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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African Development Fund Provides $5 Million for Desert to Power Program in 4 Countries
The African Development Fund is providing a technical assistance grant for the implementation of the Desert to Power program in four countries in the eastern Sahel.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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South Africa HR Startup SmartWage Raises $2 Million Seed Round
South Africa’s SmartWage, an HR and communications technology startup, has raised US$2 million in an oversubscribed seed funding round.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Softbank Shifts Latin America Plan With New Early-Stage Spinout, Upload Ventures
SoftBank Latin America Fund announced that it is spinning out its early-stage Latin American investment arm into a new autonomous entity, dubbed Upload Ventures.
- Region
- Sub-Saharan Africa
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Analysis: Agriculture Is Linked With Malaria in Complex Ways: Evidence From 16 African Countries
The African population is expected to triple by 2100. This means that more food, water and agricultural commodities are required. To meet these needs, African governments and development agencies have set up large agricultural projects.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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