Browsing: Funding

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

ariika has successfully opened its flagship store in Baghdad, Iraq, a move that capitalized on the market’s booming economy.

Lingawa would consider a slightly different approach to its business model. It will cater to the diaspora market where Williams believes 20 million Africans exist, but half of them do not speak their mother tongue.

BPS has expanded into several African markets, delivering power to over 5 million customers through the Electricity Company of Ghana (ECG), helping the company double its revenue in just two years. In February 2024, ECG even launched a mobile application for electricity services.

The funding will enable efreshli to scale its operations, enhance its digital platform, and expand its reach within Egypt. By providing farmers with access to real-time data and analytics, Efreshli aims to optimise supply chain processes, reduce waste, and ensure that fresh produce reaches consumers more efficiently

Moniepoint Inc. announced that it has successfully secured US$110 million in equity financing. Dubbed Africa’s fastest-growing fintech, it aims at…

70% of the total $200 million, or $140 million, will be allocated to Egyptian startups over the next four to five years.

Africa’s largest telecommunications company, IHS Towers has reportedly gotten a $439 million loan to manage currency risks and support its…