-
South Africa Secures $405 Million NDB Financing for Water and Healthcare Infrastructure
The scheme will involve extending and upgrading bulk water pipelines, expanding treatment capacity and developing water storage infrastructure.
- Region
- Sub-Saharan Africa
-
ChipMango Raises $1.9 Million to Build Africa’s Chip-Design Talent
ChipMango said it will use the funding to expand its engineering and product-development capacity, support new commercial design engagements, scale its AI-native learning and workforce platform, and develop its edge-AI and intelligent-sensor technologies.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
-
VC Firm Ventures Platform Closes Pan-African Fund II at $84 Million
The firm targets companies that bridge infrastructural gaps and promote prosperity by eliminating access barriers and reducing delivery costs across the continent by identifying companies that address non-consumption through market-creating innovations.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
-
Africa Finance Corporation Launches Infrastructure Climate-Resilient Fund Nigeria to Mobilise Domestic Institutional Capital
Registered with the Securities and Exchange Commission (SEC) as a closed-end fund, ICRF Nigeria is designed to channel capital from pension fund administrators (PFAs), insurers, asset managers and other Nigerian institutional investors towards a diversified portfolio of commercially viable high-impact infrastructure opportunities.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Nigeria Approves NIGCOMSAT-2A, 2B Satellites to Boost Broadband and Digital Sovereignty
The satellites are expected to expand Nigeria’s satellite capacity, improve broadband connectivity and reduce the country’s reliance on foreign satellite infrastructure.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
-
Vox, Frogfoot Raise $900 Million to Expand Broadband to 360,000 South African Homes Yearly
According to a Bloomberg report on Monday, the companies, which are units of the Johannesburg-based Vivica Group, raised R8.4 billion in equity funding and R6 billion in debt.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
-
Sun Mobility Launches Battery Swapping Network in Kenya
SUN Mobility's Kenya launch builds on a platform already proven in India, where more than 125,000 vehicles run on over 2,000 stations across 25 cities, supported by more than 30 vehicle manufacturer partners.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
-
Financing AI Transformation in LMICs: What Multilateral Development Banks Must Do Differently
Multilateral development banks have spent the last decade building the foundations of digital economies across low- and middle-income countries (LMICs), and the broadband networks, digital ID systems and other priorities they've financed are helping to make AI deployments in these markets possible. But as Kunal Walia at Dalberg Advisors explains, this funding often goes toward piloting individual use cases, expanding digital infrastructure or creating an enabling environment, rather than uniting these different components into holistic AI systems that aim to scale. He argues that multilateral development banks must rethink their approach to ensure that the infrastructure they've helped build can actually enable AI transformation.
- Categories
- Investing, Technology
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.