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GoCab: $45 Million Raised To Expand Electric Mobility And Ethical Vehicle Financing Across Africa
Operationally, GoCab said it now employs more than 120 people across five countries and that it generates more than $17 million in annual recurring revenue after roughly 18 months of operations.
- Categories
- Energy, Environment, Transportation
- Region
- Sub-Saharan Africa
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Press Release: Mal Closes Record $230 Million Seed Round to Build World’s First AI-Native Islamic Digital Bank
This will be the world's first AI-native Islamic financial platform targeting the world’s 2 billion Muslim population and other underbanked communities.
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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Uganda Development Bank Secures $30 Million Islamic Finance Facility for SMEs
The Islamic Corporation for the Development of the Private Sector (ICD) provided Uganda Development Bank (UDB) with $30 million, marking its first financing deal in Uganda and East Africa.
- Categories
- Agriculture, Education, Energy, Health Care, Investing
- Region
- Sub-Saharan Africa
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British International Investment Anchors CRDB Bank’s Landmark Islamic Bond to Promote Financial Inclusion in Tanzania
Tanzania’s first large-scale Islamic bond issued by a private sector institution marks a major milestone in the country’s financial landscape.
- Categories
- Investing, Social Enterprise
- Region
- Sub-Saharan Africa
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Nigeria Commits $538 Million to Agro-Industrial Zones, Unveils 10-Year Youth-Led Agricultural Plan
Shettima disclosed that Nigeria has already committed $538.05 million to the first phase of the Special Agro-Industrial Processing Zones programme.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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AfDB, Partners Launch $264 Million Infrastructure Project in Southern Nigeria
The five-year plan includes rehabilitating 248 km of roads, restoring two erosion sites, and implementing solid waste management through public-private partnerships.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Press Release: The International Islamic Trade Finance Corporation (ITFC) and the Trade Development Fund (TDFD) Sign Landmark Agreement with Oil Sustainability Program and BURN Manufacturing to Deliver Clean Cooking Solutions in Nigeria
"Notably, the project includes direct support for household LPG refills over a period of eight years, funded through anticipated revenues from carbon credits generated by the clean cooking kits."
- Categories
- Energy, Health Care, Technology
- Region
- Sub-Saharan Africa
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ICD Disburses SME Financing Facility (€15MLN) in Favor of Crédit Communautaire D’Afrique Bank Cameroon
This strategic financing initiative aims to strengthen local SMEs by supporting productive investments.
- Region
- Sub-Saharan Africa
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