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Uber Leads $100 Million Investment in African Mobility Fintech Moove as Valuation hits $750 Million
Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets.
- Categories
- Investing, Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- electric vehicles, fintech
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EAIF Commits Additional $30 Million to Support Indorama’s Expansion in Nigeria
The investment enables the construction of a new plant, port terminal, handling stations, and storage facilities in Nigeria.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Sun Run – Sustainable Transport Africa
This is a partnership comprising two start-ups, E-Safiri and Kiri E.V., who will structure a joint venture called Sun Run.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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BURN Receives $12 Million Investment From Key Carbon to Expand Cleaning Cooking in Africa
This new investment will go towards the distribution of electric cookstoves in Kenya, Tanzania, Uganda, and Zambia and biomass stoves in Nigeria, DRC, Tanzania, and Mozambique over the next two years.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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CFAO Group Invests $3 Million in BasiGo to Boost East Africa’s Electric Bus Production
CFAO Group is building e-mobility ecosystem in East Africa by investing in green mobility startups through Mobility54.
- Categories
- Energy, Environment, Transportation
- Region
- Sub-Saharan Africa
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Tunisia’s ANAVA Pledges $4.3 Million into Janngo Capital
The target is on early-stage tech and tech enabled startups that ensure Africans have better access to healthcare, financial services, and education.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Dodai Secures $4 Million Funding to Scale-up Electric Vehicle Production Amid Ethiopia’s Shift to Green Transport
The company plans to allocate 80% of the raised funds to import electric motorcycle parts and lithium batteries.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- electric vehicles, scale, startups
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eWAKA Partners With Powerbase to Expand Its E-mobility Solutions in Kenya
Kenyan technology start-up eWaka has signed a deal with financial and energy company Powerbase to optimise the manufacture and marketing of its electric mobility solutions.
- Categories
- Telecommunications, Transportation
- Region
- Sub-Saharan Africa