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African Development Fund Seeks Historic Shift to Tap Capital Markets
Currently prohibited by its charter from borrowing, the ADF aims to raise $5 billion every three years in “patient capital” to support Africa’s lowest-income economies.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Airtel Targets Network Expansion, Mobile Money in Safaricom Battle
Kenya’s second-largest telecoms company grew faster than its larger rival in the first four months of this year, but wants to ramp that pace up.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Nigeria Commits $538 Million to Agro-Industrial Zones, Unveils 10-Year Youth-Led Agricultural Plan
Shettima disclosed that Nigeria has already committed $538.05 million to the first phase of the Special Agro-Industrial Processing Zones programme.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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MAX Launches West Africa’s First Solar-Powered Battery Swap Station
Nigerian electric mobility startup MAX has launched West Africa’s first solar-powered battery swap station.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Africa’s First Cell & Gene Therapy Startup Altera Biosciences Raises R29 Million
This milestone positions Altera at the forefront of biotech innovation in Africa.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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Kenya Leads Africa in Regenerative Farming, AGRA Report Finds
Through the Sustainable Transitioning of Agriculture for Resilient and Adaptable Kenya (STRAK) project, Kenya has made significant strides in climate-smart agriculture.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Senegal’s Eyone Medical Raises $3 Million to Digitise West Africa’s Health Records
The platform is used in over 60 healthcare institutions across Senegal, Mali, Côte d’Ivoire, Cameroon, Gabon, and France.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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Local Banks Back Sun King’s $156 Million Pay-As-You-Go Solar Financing in Kenya
The scale of this raise highlights Sun King’s leadership in off‑grid energy, but it also accentuates a growing divide in the market.
- Region
- Sub-Saharan Africa
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