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DRC Energy Firm Nuru Obtains US $40 Million in Latest Round of Funding
Nuru anticipates it will receive an additional US$28 million in project finance by the end of the month.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Press Release: IFC Partners with Orange Bank Africa to Increase Digital Lending for Small Businesses in West Africa
According to the World Bank Group's MSME finance gap report, 63 percent of MSMEs in Senegal and 57 percent in Côte d'Ivoire experience constraints when accessing a loan or line of credit.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Kenya’s MyDawa Raises $20 Million to Grow Digital Health in Africa
The startup has raised $20 million from private equity investor Alta Semper Capital to expand its regional reach and product offerings to become an all-in-one health platform.
- Categories
- Health Care, Investing, Technology
- Region
- Sub-Saharan Africa
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African Development Bank and USAID Agree to $500 Million Deal to Tackle Energy Poverty and Climate Change in Sub-Saharan Africa
African Development Bank and USAID extend and expand their partnership through the Regional Development Objectives Agreement (RDOAG) to tackle energy poverty and climate change in sub-Saharan Africa.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
- Tags
- climate change
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Press Release: Distribution Network Infrastructure Drives Down Capex And Boosts IRR For Mini-Grids, CrossBoundary Mini-Grid Innovation Lab Finds
Analysis of data from 2020 to 2023 shows that the adoption of grid densification positively impacts grid economics, customer acquisition, and grid utilization.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Emerging Africa Infrastructure Fund Invests $30 Million in Eastcastle Infrastructure
The project aims to include benefits associated with democratizing access to markets.
- Categories
- Investing, Technology, Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- infrastructure, MSMEs
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7 African Startups on WEF Technology Pioneers List
Seven African tech startups have been named by the World Economic Forum (WEF) among its selection of the 100 most promising Technology Pioneers of 2022.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- innovation
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Plastic Upcycling Startup Kubik Closes $3.34 Million Seed to Scale Production in Ethiopia
The amount of plastic waste produced globally is on track to triple to over 1,000 million tons by 2060.
- Categories
- Technology, WASH
- Region
- Sub-Saharan Africa
- Tags
- circular economy, housing, scale, startups, waste
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