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Mirova Invests $15 Million in African Solar Energy Provider
The funding will help pay for the construction of the firm’s pipeline of projects, aimed at boosting access to renewable energy.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Zeno Raises $9.5 Million to Take On Ampersand and BasiGo With Electric Motorbikes in 2025
The startup intends to accelerate its plans to introduce swappable battery technology across East Africa with the introduction of its first electric motorbikes in early 2025.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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Press Release: IFC and Airtel Africa Partner to Increase Access to High-Speed Mobile Connectivity in Sub-Saharan Africa
Despite this connectivity gap, up to 86 percent of firms on the continent use mobile phones for business operations, according to IFC's recent report on digital connectivity in Africa.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Tanzania Mahenge Graphite Project Secures $219 Million Financing for Mine Development
This funding is critical for the project’s development, which includes establishing a 220kV power line to connect the local community to electricity, thereby fostering new business opportunities in the region.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- energy access, mining, supply chains
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Coca-Cola Plans to Invest $1 Billion in Nigeria Operations, Presidency Says
Coca-Cola had since 2013 invested $1.5 billion in Nigeria to expand its production capacity.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- corporations
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Rwanda Gets $44 Million Pharmaceutical Funding
Rwanda will get approximately $44.4 million in funding from the European Union for the local pharmaceutical sector.
- Region
- Sub-Saharan Africa
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Press Release: Goodwell Enters the Ugandan Market With Investment in the Agent Banking of Company Uganda Ltd (ABC)
The funding will enable ABC to pursue ambitious goals for growth, including expanding its client base, increasing agent coverage, and deploying new services.
- Region
- Sub-Saharan Africa
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Nigeria Begins AI Push With Google-Backed Fund
The hope is that AI will help to solve the country’s development challenges.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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