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South Africa’s pan-African operator Vodacom Group has announced a major new agreement with Starlink, the satellite broadband service developed by SpaceX, to bring high-performance internet connectivity across the African continent, including to underserved rural regions.
The International Finance Corporation (IFC) has extended a local-currency loan of ZAR 170 million (roughly US$10 million) to South African digital lender Lula Lend (Pty) Ltd, in a move designed to bolster working-capital access for the country’s micro, small and medium-sized enterprises (MSMEs).
A $30 million stake by the climate-investing firm Inspired Evolution into the newly consolidated solar business Sedgeley Solar Group (SSG) marks a key milestone in the company’s growth in Southern Africa.
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