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Nigerian Artists Generated Over N58 Billion in Royalties From Spotify in 2024
Spotify reveals that the number of Nigerian artists earning at least N10 million in royalties from the platform has more than doubled since 2023 and tripled compared to 2022 figures.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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IFC And ALCB Back West Africa’s First Gender Bond To Boost Women Entrepreneurs
The bond aims to address Côte d’Ivoire's significant credit gap for female entrepreneurs by channelling much-needed capital to nearly 1,200 women-owned small and medium-sized enterprises (WMSMEs).
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Khula Secures $6.8 Million Series A Funding to Expand Its Agri-Tech Platform
As Khula builds on its progress, the funding will support further expansion, bringing more farmers and agribusinesses into its ecosystem while strengthening the digital infrastructure that connects them.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Kenya: Refurbished Mobile Phone Company Raises Funding From Proparco
French development finance institution Proparco has granted Kenya-based Badili a $400,000 loan.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Afr-IX Telecom Secures EU Funding for Medusa Africa Submarine Cable
The Medusa Submarine able System, designed to strengthen intercontinental connectivity through the Mediterranean, will now extend further into West Africa.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Equator Raises $55 Million to Support African Climate Tech Startups
Despite Equator’s goal of reducing dependence on aid, its fund is still backed by several DFIs and philanthropic organizations.
- Categories
- Environment, Investing
- Region
- Sub-Saharan Africa
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Namibia Establishes Regulatory Framework for EV Charging Infrastructure
The regulatory framework comes as Namibia seeks to expand its EV market, aligning with global trends toward sustainable energy solutions.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Press Release: LoftyInc Capital Announces $43 Million First Close of its New Pan-African Seed Fund
LoftyInc Capital Management has secured a $43 million first close for its new LoftyInc Alpha Fund, a late-seed investment vehicle aimed at scaling Africa’s most promising tech startups, particularly in Nigeria, Egypt, Kenya, and Francophone Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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