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Kenyan Tourism-Focused Venture Studio Purple Elephant Ventures Tops up Seed Round to $5 Million
"The goal is to lead Africa’s tourism industry towards a greener future, with PEV startups typically scalable, tech-first solutions that supercharge urgent efforts to make Africa’s tourism industry more resilient and more sustainable in the face of climate change. "
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- climate change, tourism
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ENGIE Energy Access Tanzania to Receive EUR 1.3 Million of Results-Based Financing to Scale Up Access to Clean Cooking
The company is well known for its solar home systems in Tanzania, and it is well placed to expand its business to biodigesters.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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South Africa’s Zimi Secures $320,000 to Test Turning EVs Into Power Stations
"By integrating vehicle-to-grid (V2G) technology into this strategy, Zimi plans to offer fleet operators charging solutions and turn idle EVs into energy that can feed power back into their facilities or the grid."
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, renewable energy, solar
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Equinix to Invest $140 Million to Expand Internet Access in Southern Nigeria
"While cities like Lagos, Accra, and Abidjan benefit from relatively strong connectivity, many interior regions remain underserved."
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
South Africa’s Payments Startup Stitch Raises $55 Million Series B Funding
The funding will help Stitch invest in infrastructure that enable the flow of money including payment processing networks, etc.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Nigerian Fintech Bets on UK Diaspora With Remittance Push
The MonieWorld service enables money transfers from the UK to Nigeria, the latest in a growing number of remittance products from Africa targeting the $100 billion that flows annually from immigrants in the diaspora to the continent.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Nigeria’s Arnergy Raises $18 Million to Scale Solar Lease Plans as Fuel and Grid Costs Soar
The capital injection will be deployed to support Arnergy’s ambitions to install more than 12,000 additional solar energy systems by 2029.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
-
IFC Invests ZAR 1 Billion in Balwin Properties to Support Quality Housing in South Africa
IFC’s investment is expected to promote job creation and economic growth through its impact on the local community and surrounding areas.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- employment, housing, supply chains
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