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Press Release: CrossBoundary Access and Anka Close a Landmark Acquisition in Madagascar, Reinforcing Momentum Toward Investment in Mini-Grids for Energy Access Across Sub Saharan Africa
This acquisition marks the first exit of early-stage investors from an operational mini-grid platform in Madagascar, demonstrating the growing bankability of the mini-grid asset class and developers.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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African Development Bank Approves $16.5 Million Loan to Boost Kenya’s Clean Energy Transition
Beyond expanding generation capacity, the project will deliver affordable, sustainable baseload power to Kenya’s national grid at one of the lowest tariffs in the country, helping to drive down overall electricity costs.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
-
Gates Foundation Announces $9 Billion Budget, Plans to Cut Staff
The spending increase is part of the foundation’s commitment to accelerate its mission ahead of its planned closure in 2045.
- Categories
- Education, Health Care
- Region
- Sub-Saharan Africa
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Spark+ Africa Lends $1 Million to Expand Clean Cooking Loans in Ghana
The transaction is part of a series of recent Spark+ financings aimed at supporting clean cooking in Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa
-
Gates Foundation and OpenAI Launch $50 Million AI Health Program in Africa
Rwanda has emerged as the initial testing ground for the Horizon1000 initiative due to its severe health care worker shortage and the government’s proactive embrace of technology solutions.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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Tether Partners with UNODC to Boost Digital Asset Security Across Africa
Tether, the world’s largest stablecoin provider, has announced a strategic collaboration with the United Nations Office on Drugs and Crime (UNODC) to enhance cybersecurity and public education on digital asset security across Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Pan-African Fintech NALA Deepens Stablecoin Rails to Speed up Dollar Flows
Partnering with Noah allows NALA to offer global account usage, where companies can collect dollars anywhere in the world and pay out instantly in local currencies, all through licenced, regulated rails, said Fernandes.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Lagos Court Orders Meta to Pay Damages Over Deepfake Ad Targeting Femi Falana
In a ruling that will likely be referenced in law schools across Africa, the judge stated that Meta is not just a neutral bystander.
- Region
- Sub-Saharan Africa
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