IFC to invest $15 mln to support start-up ecosystem in Egypt
April 11, 2022 | Egypt | Ahram Online
The International Finance Corporation (IFC) — a World Bank Group member — is set to invest $15 million in the second fund from venture capital firm Algebra Ventures with the aim of supporting tech start-ups with access…
$350 million in funding for farmers’ climate resilience
April 8, 2022 | Rwanda | Afrik 21
The government of Rwanda has announced the release of $350 million to support farmers' resilience to climate change. The funding will be used to purchase modern crop irrigation technologies. The $350 million in funding…
52 ZAMBIAN BUSINESSES IN DRC FOR TRADE:
October 20, 2021 | DR Congo | Zambia Reports
The first cohort of over 52 representatives of Zambian companies has arrived in the Democratic Republic of Congo (DRC) ready to talk business with their Congolese business counterparts. The delegation is led by Zambia…
Frazium Energy inks deal for 100-MW solar park in Eswatini
October 20, 2021 | Eswatini | Renewables Now
Australian renewable power producer Frazium Energy has inked a deal with the government of Eswatini, also known as Swaziland, to build a 100-MW solar park in the South African Kingdom. The photovoltaic (PV) park will be…
Kenyan fintech Asante announces $7.5m Series A funding for pan-African expansion
October 20, 2021 | Kenya | Disturb Africa
Kenya-based fintech startup Asante has announced a US$7.5 million Series A investment to help its credit offerings to a host of African countries. Asante has developed a digital lending platform that uses alternative…
Egypt’s ILLA raises $2M to diversify its offerings to FMCG value chain:
October 19, 2021 | Egypt | Tech Church
Most FMCG brands rely on a combination of owned and outsourced assets to carry out delivery operations. The variety of both models brings about a fragmented logistics cycle and FMCGs can lose significant value in the…
Indian car rental platform Zoomcar to invest $25mln in Egypt:
October 19, 2021 | Egypt | Zawya
Zoomcar, the largest car-sharing marketplace covering emerging markets and dominating the self-drive car rental market in India, announced the launch of its operations in Egypt as part of its plan to expand to the MENA…
Rwanda, Luxembourg pact to boost financial centre ambitions
October 19, 2021 | Rwanda | The News Times
Kigali International Financial Centre development ambitions received a boost this week as Rwanda and Luxembourg signed a bilateral cooperation agreement with the aim to support Rwanda in further developing the financial…
Egypt signs deal with Nokia to build IoT infrastructure
October 18, 2021 | Egypt | Arab News
Egyptian Minister of Communications and IT Amr Talaat oversaw the signing of a deal between Telecom Egypt and Nokia International to build Internet of Things infrastructure in the country. The ministry said Telecom…
Caltex Starts Manufacturing Local Lubricants In Kenya:
October 17, 2021 | Kenya | Capital Business
FAL Manufacturing Limited (AML), which is owned by Tristar Group, has officially launched the local manufacturing of Caltex lubricants in East Africa a month after signing a license agreement with Chevron Brands…
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