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World Bank Lines up $300 Million Soft Loan for Kenya Power
The World Bank will provide a $300 million interest-free loan to Kenya Power to help the utility pay debts, revamp its ageing transmission network and expand the national grid.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
- Tags
- lending, renewable energy
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Nomba, an African Fintech Raises $30 Million Pre-Series B
Nomba (formerly Kudi) has secured $30 million pre-Series B to expand its payment solutions for African businesses.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Vitalite Zambia Secures $1.5 Million From EDFI ElectriFI to Support Its Growth
Vitalite is a Solar home System distribution company that was created to increase rural electrification.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Funding Announced for African E-Commerce and Fintech Initiatives
The African Development Fund and the Smart Africa Alliance have jointly launched a US$1.5 million project to streamline digital trade and e-commerce policies across 10 African countries.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigerian Fintech Startup Storspay Raises $320K, Selected for Techstars NYC
Storspay has developed a decentralised retail lending infrastructure platform for the internet.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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The African Development Bank Secures $525,000 Grant to Strengthen Fintechs in Africa
The Africa Fintech Hub is an online portal that would serve as a one-stop shop for all fintech activities in Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Ignite Power Acquires Mwezi’s Solar Solutions Portfolio in Africa
Mwezi, a well-known distributor of solar solutions in Kenya, has been a key player in the country's solar energy sector for several years.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
- Tags
- distribution, scale, solar
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Altech Raises $18 Million to Expand Access to Clean Energy in The DRC
DRC-based Altech Group has secured $18 million in debt financing and grants to expand its solar energy sales and distribution network.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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