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Moove Becomes Africa’s Newest Unicorn After $250 Million Series C
The capital is earmarked for Moove’s push into autonomous vehicles, funding both fleet ownership and “Nests,” depot facilities where self-driving cars will be charged, serviced, and maintained.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- data, e-mobility, innovation, startups
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Analysis: Unlocking Waste-to-Energy for Energy Security and Regional Growth
Energy security has become a pressing global concern. Recent disruptions in energy markets have underscored the vulnerabilities of relying on centralized systems fueled by imported commodities. Mass-burn WtE facilities offer potential solutions here: stable, dispatchable electricity and heat from a fuel—municipal waste—that every city produces locally and continuously. For regions heavily reliant on volatile energy imports, that is no small thing.
- Region
- Global
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IFC Supports Expansion of Financing for Kenya’s Small Businesses through the First Catalytic First Loss Guarantee Transactions in Africa
The CFLG is an innovative program delivered under IFC's $4 billion MSME Platform, enabling IFC to provide first-loss coverage to partner financial institutions by leveraging blended finance through the International Development Association's Private Sector Window (IDA PSW).
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Kenyan Teenagers Build $126 Exhaust Filter From Maize Cobs and Coconut Shells
Fredrick Njoroge Kariuki and Miron Onsarigo call their invention HewaSafi, Swahili for "clean air". It is designed to fit onto matatus, the privately owned minibuses that carry millions of passengers across Kenya's cities every day and are among the country's biggest sources of urban air pollution.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Egyptian E-Health Startup Reme-D Raises $1.45 Million Pre-Series a Funding
Founded in 2023 by Salma Tammam, Reme-D develops and manufactures molecular diagnostic tests for diseases including tuberculosis (TB), HIV, hepatitis, and HPV, with a focus on delivering affordable, temperature-resilient diagnostics for underserved markets across Africa.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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Rize Secures $31 Million Series B to Expand Low-Emission Rice Network in Vietnam and Indonesia
Rize works with farmers to adopt Alternate Wetting and Drying (AWD), an irrigation technique endorsed by the International Rice Research Institute and CGIAR that periodically drains paddies rather than keeping them permanently flooded.
- Categories
- Agriculture, Environment
- Region
- South Asia
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Abiki Brokers Joins Forces with FasterCapital to Revolutionize Insurance in Sub-Saharan Africa
By focusing on affordability, simplicity, and accessibility, the startup empowers low-income individuals and SMEs to access essential financial protection and teleconsultation directly from their mobile devices.
- Categories
- Health Care, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Press Release: Catalyst Fund Deepens Bet on Africa’s Climate Resilience Founders
Catalyst Fund, the pan-African venture fund and venture builder backing founders from pre-seed to Series A, has announced the completion of its second close, with total commitments now reaching $30 million.
- Categories
- Environment, Investing
- Region
- Sub-Saharan Africa
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