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OPEC Fund Signs $394 Million Sustainability-Linked Loan with ETC Group to Support Smallholder Farmers in Africa
The funds aim to boost ETG’s working capital, enhance food systems, and support the livelihoods of over 600,000 smallholder farmers across sub-Saharan Africa.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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OPay Partners with AfriGOpay to Boost Digital Payments in Nigeria
AfriGO, Nigeria’s National Domestic Card Scheme aims to deepen financial inclusivity, by utilising innovative products, a customer-focused approach, and cutting-edge technology.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Viewpoint: Smart Gamble or Foolish Risk? The Case for and Against Nuclear in Africa
Nuclear energy is low carbon, high intensity and consistent, but also expensive, hazardous, and perhaps simply unnecessary.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Sanari Capital Invests $5 Million in Energenic Holdings to Boost Energy Solutions in Africa
With electrification rates averaging only 30% in many regions, there is increasing demand for alternative power solutions, particularly renewable hybrid systems.
- Categories
- Energy, Investing, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Teraco to Build JB7, a Vast New Data Centre for AI Workloads in South Africa
The new syndicated loan facility has been arranged through Absa — long a financial backer of Teraco — and other financial institutions, with the money to be used to finance JB7 and other construction projects.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- artificial intelligence, data, scale
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Hong Kong-Based West Data Group Breaks Ground on 20MW Bitcoin Mining Facility in Ethiopia
Bitcoin mining is an energy-intensive process, which makes countries with abundant, affordable electricity eye-watering prospects for investors.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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EAAIF, FMO and DEG Provide EUR 84 Million to Axian Energy to Finance a 60MW Solar Energy and 72MWH Energy Storage System in Senegal
The critical technology supports the integration of more renewable energy capacity into the power supply, helping Senegal to achieve its ambition of reaching 40% renewable energy capacity by 2030.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Kenya’s Hustler Fund Is a Flop. Why President Ruto’s Plan to Loan Money to Entrepreneurs Hasn’t Worked
The Kenya government acted as a micro-lender via the Hustler Fund, which was applauded by the financial inclusion lobby as a way to correct failures in the credit market.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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