Browsing: African Startups

This milestone marks an important step not only for Nowlun but also for the broader MENA logistics sector, as the region increasingly embraces innovation to address long-standing inefficiencies.

The $1.15 billion was divided into $808 million in primary commitments and $210 million co-investments. The enormity of these sums reflect strong backing from institutional investors like Temasek, Prudential Financial and the European Investment Bank.

This investment will be geared towards supporting eight small hydro projects across four mini-grids in Kenya. This investment might be the beginning of reliable, affordable electricity for over 10,000 individuals and businesses.

In an interview with Al Sharq Bloomberg Channel, Al-Abd highlighted the aim of the program’s expansion which was to reinforce Egypt’s growing startup ecosystem while extending its reach to growing African and Arab markets.

The initiative will be an effort to tap into Senegal’s significant solar energy potential, which stands among the highest globally

The idea of a partnership with LEO satellite providers comes off the back of the recent MTN 5.5G trials, which is the first of its kind in Africa.

Now, with Hisa joining the Rise brand, I wish the team continued success and growth. Hisa will always hold a special place in my heart.” Jackson said in his resignation letter.

“We have always sought ways to make financial services more accessible and tailored to the needs of our unique customer base,” says Mathieu Coquillon, co-founder of Mama Money.

“We look forward to building on our licence stack in South Africa and exploring how that will enable further opportunities, not only in South Africa and the SADC region, but across the continent,” the company said.

Andela has been in the limelight for nurturing African talent. Now it has gone further to build on its success, already training 15% of Africa’s 716,000 cloud engineers