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Rwanda’s EV Startup Ampersand Partners with BYD for Expansion
On Tuesday, June 18, 2024, Kigali-based electric vehicle (EV) energy tech company, Ampersand, signed a landmark agreement with a Chinese–born EV company, BYD, to enhance electric motorbike development and deployment in Africa.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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Press Release: Cashew Coast Raises €9 Million From AgDevCo to Expand Its Traceable Organic Cashew Processing Business in Cote D’Ivoire
Cashew Coast is a fast-growing cashew nut processing business, which employs 750 people and sources from more than 7,000 smallholder farmers.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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ThriveAgric Partners with Visa to Expand into Kenya
The hubs, located in Homabay and Busia counties, will serve as learning centres where farmers can gather for training sessions and facilitate the distribution of inputs. The project aims to reach up to 10,000 farmers.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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IDF and AFD Group Form IDRIMA to Enhance Climate Resilience
Signed at the IDF Summit 2024, IDRIMA seeks to embed risk management into financial strategies for sovereigns and utilities vulnerable to climate disasters.
- Categories
- Environment, Finance
- Region
- Global
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Press Release: Digital Future for Africa: African Development Bank and Intel to Train Millions in Artificial Intelligence (AI)
The training will address socio-economic challenges and boost productivity in key growth sectors such as agriculture, health, and education, thereby disrupting traditional growth cycles.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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NPCI International Payments and Central Reserve Bank of Peru to Enable UPI-like Real-Time Transactions
UPI‘s collaborative and open banking ethos “enables greater connectivity and interoperability with both domestic and international payment networks.
- Categories
- Finance, Technology
- Region
- Latin America
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Press Release: Afreximbank Disburses $40 Million to Support Fidelity Bank’s Acquisition of Union Bank UK
The acquisition is expected to contribute to Africa’s economic growth and development by increasing intra- and extra-African trade finance and trade flows.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: The Indo-Pacific Partnership for Prosperity, Global Infrastructure Partners and KKR Lead Creation of Coalition to Mobilize Infrastructure Investment in the Indo-Pacific Region
The coalition aims to accelerate investment in infrastructure and support IPEF economies in achieving their economic development, human capital and sustainability goals.
- Categories
- Investing
- Region
- Global