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AWS to Invest Over a Billion Dollars to Boost Cloud, AI in Africa
Chris Erasmus, the AWS country general manager for South Africa, shared these insights at the AWS Summit 2024 in Johannesburg, South Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Egypt-Born FlapKap Raises $34 Million Pre-Series A to Scale SME Financing Across MENA
FlapKap aims to continue to address a major challenge in the MENA region, where the SME financing gap is estimated at $180 billion, per the International Finance Corporation.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Tunisian Energy Management Startup Wattnow Raises Multi-Million Dollar Funding Round
Wattnow has successfully covered and delivered substantial value to clients across more than 11 countries, including key markets in Europe, the Middle East, and Africa, as well as North America.
- Categories
- Energy, Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Kenya’s Digital ID Rollout Holds Trust, Transparency Lessons: CFI Report
The report argues that transparency has been inadequate in Kenya’s digital ID initiatives, and that “(t)he terms of donor engagement and vendor contracts are unclear.”
- Categories
- Technology
- Region
- Sub-Saharan Africa
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South Africa Fintech Startup Omnisient Raises $7.5 Million Series A Funding for Global Expansion
South African “privacy-by-design” startup Omnisient has raised US$7.5 million in Series A funding to support its expansion across Africa and beyond.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Ghana Signs Agreement to Build Small NuScale Nuclear Reactor
The U.S. is looking to promote technologies it considers to be clean energy and sell them to developing countries.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Angolan Sovereign Wealth Fund (FSDEA) Commits Investment to BFA Asset Management’s Kimbo Fund
With a fundamental objective to support the growth of companies led by young people and women, Kimbo Fund aims to contribute to filling value chains, promote job creation, strengthen financial inclusion, and improve access to financing.
- Region
- Sub-Saharan Africa
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Revolutionizing Payments in Kenya: Interswitch and Tuma Launch Tumatap
The system’s core strength lies in its ability to convert everyday smartphones into functional point-of-sale (POS) terminals.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, innovation, partnerships
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