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African Development Bank Group’s Sustainable Energy Fund for Africa Approves $10 Million Contribution to KawiSafi II Clean-Energy Fund
KawiSafi II is a $200 million venture equity fund to address investment gaps in energy transition, productivity, mobility and logistics in sub-Saharan Africa.
- Categories
- Energy, Environment, Investing
- Region
- Sub-Saharan Africa
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Mpox Vaccines Likely Months Away Even as WHO, Africa CDC Discuss Emergency
While experts hoped the meetings would galvanise action worldwide, many obstacles remain, including limited vaccine supply, funding and competing disease outbreaks.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Mexico-Based Unicorn Stori Raises $212 Million to Promote Financial Inclusion
Stori launched its first credit card in 2020, aimed at consumers overlooked by traditional lenders.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Open Access Energy Secures $750,000, Launching $1.5 Million Seed Round in South Africa
OAE’s technology offers a solution by connecting electricity generated from distributed renewable sources with unmet demand.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Egypt’s Cartona Raises $8.1 Million Even as Investors Pull back From B2B E-commerce in Africa
A common criticism had been that asset-light models would find it difficult to retain customers and compete against asset-heavy B2B e-commerce platforms.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Nigeria’s Economic Crisis Is Fueling a Stunt Philanthropy Boom
Several Nigerian content creators are mimicking American superstar YouTuber MrBeast by publishing charitable deeds as content online.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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World Bank Commits $100 Million to Zambia’s Digital Transformation Initiative
A Project Implementation Unit will be set up within the Smart Zambia Institute to manage the project.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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ITFC Provides $10 Million in Trade Finance to Uganda Development Bank
The financing is intended to bolster industrialization efforts in Uganda and assist with job creation and poverty reduction endeavors.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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