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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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ECOWAS Transport Ministers to Slash Air Travel Charges and Taxes by 25% by January 2026
This landmark move aims to lower travel costs, drive economic growth, and strengthen regional integration, significantly impacting the region’s aviation industry and enhancing ease of movement for people and goods across ECOWAS states.
- Categories
- Transportation
- Region
- Sub-Saharan Africa
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FMCIDE Announces N2.8 Billion Google Fund to Accelerate AI Talent Development in Nigeria
This support, which is provided through a N2.8billion grant from Google.org to Data Science Nigeria, will bolster the Ministry’s ongoing AI-driven initiatives to upskill youth and under- and unemployed Nigerians.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
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Ghanaian Agtech Oyster Agribusiness Closes $2 Million to Expand Operation
This fresh capital injection will allow Oyster Agribusiness to expand its operations, reach more farmers, and scale its climate-smart agricultural initiatives.
- Categories
- Agriculture, Social Enterprise
- Region
- Sub-Saharan Africa
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Techstars Lagos Shuts Down After Two Years and 24 Investments
Techstars, a global venture capital accelerator with over 4,500 portfolio companies, partnered with Nigerian-based ARM Labs to bring its three-month program to Lagos for the first time in December 2022.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Press Release: Coca-Cola Beverages Africa Invests $50 Million in Namibia, Boosting Production Capacity by 30%
The investment also includes the installation of a water treatment plant with state-of-the-art water recovery technology, designed to reduce water consumption.
- Region
- Sub-Saharan Africa
-
Plastic-Eating Insect Discovered in Kenya
Scientists from the International Centre of Insect Physiology and Ecology have found that the larvae of the Kenyan lesser mealworm can help break down styrofoam.
- Categories
- Environment, WASH
- Region
- Sub-Saharan Africa
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