Month: April 2023

Posted on by — Leave a comment

AstraZeneca to launch Africa Health Innovation Hub 

Key Developments

AstraZeneca to launch Africa Health Innovation Hub

| Article

Leading global pharmaceutical company AstraZeneca has announced the launch of its Africa Health Innovation Hub to increase access to healthcare on the continent.

The groundbreaking initiative will use the latest technologies to improve healthcare in Africa. AstraZeneca will roll out the project in partnership with Tricog Health in Kenya and MedSol AI Solutions in South Africa. The hub is part of the company’s A.Catalyst Network, which is made up of more than 20 health innovation hubs.

Related Articles

Register Now

Empower Africa Times Newsletter

Share :

You may also like...

Posted on by — Leave a comment

VC firm Equator raises $40 million to back climate-tech African startups.

Key Developments

VC firm Equator raises $40 million to back climate-tech African startups

| Article

Equator, a VC firm focused on supporting innovative solutions to climate change, has raised $40 million in commitments to invest in African startups tackling climate challenge

Notable investors in the fund include British International Investment (BII), the The Global Energy Alliance for People and Planet (GEAPP), UK charity Shell Foundation and impact investor DOEN Participaties B.V. This investment represents a significant boost for the African climate tech ecosystem, providing much-needed capital to support the development and scaling of innovative solutions to the continent’s pressing environmental challenges. With climate change posing a significant threat to African economies and communities, Equator’s investment in these startups has been backed to drive real impact and create sustainable change.

Related Articles

Register Now

Empower Africa Times Newsletter

Share :

You may also like...

Posted on by — Leave a comment

Kenya gets $378 million to electrify its public transport system

Key Developments

Kenya gets $378 million to electrify its public transport system

| Article

The European Union has provide Kenya with $378 million in funding to power the country’s electric Bus Rapid Transit (BRT) system.

The BRT system is expected to provide a faster, more efficient, and more affordable means of transport. Dubbed BRT 3, the transit line will feature zero-emission electric buses and will introduce intelligent transport system features. With the new funding, the government of Kenya will be able to further expand the BRT system, which renewable energy sources will power.

Related Articles

Register Now

Empower Africa Times Newsletter

Share :

You may also like...

Posted on by — Leave a comment

DFC backs Novastar Ventures with $25 million to support African startups.

Key Developments

DFC backs Novastar Ventures with $25 million to support African startups.

| Article

The U.S International Development Finance Corporation (DFC) has invested $25 million in Novastar Ventures to support and invest in early stage startups in Africa

This investment will enable the Pan-African venture capital firm to continue its mission of backing innovative and impactful startups that are driving positive change in Africa. With a focus on sectors such as healthcare, education, and financial inclusion,  Novastar has already made significant investments in several African startups.

Novastar will roll out the funding under its new investment vehicle Africa People + Planet Fund. The Africa People + Planet Fund is Novastar’s third pool after the $108 million Africa Fund II, which saw it widen its geographical reach to include West Africa.

Related Articles

Register Now

Empower Africa Times Newsletter

Share :

You may also like...

Posted on by — Leave a comment

Prosper Africa launches trade alliance to drive e-commerce in Africa

Prosper Africa launches trade alliance to drive
e-commerce in Africa

The alliance is set to bring together some of the continent’s top tech firms, entrepreneurs and investors to help accelerate the growth of e-commerce and digital trade.

With the advent of technology, e-commerce and digital trade have become increasingly crucial for businesses looking to expand their reach and tap into new markets. The Prosper Africa tech alliance is set up to help African businesses leverage these technologies to grow and succeed in today’s digital economy. 

Prosper Africa has been working to strengthen trade and investment ties between the United States and Africa since its launch in 2021. The new tech alliance was launched on the sidelines of the Africa Fintech Summit.

Google, Mastercard, DHL, UPS, FedEx, Payppal, Youredi, VTEXT, eCommerce Institute, Celo Foundation, Interswitch Group, King & Spalding, Hello Tractor, The Africa Talent Company and Nextrade Group are among the alliance’s inaugural members.

You may also like...

The Commercial Potential of Africa’s Digital Revolution

  • EmpowerAfrica
Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
READ MORE

Tunisian Team Collaboration Startup Cynoia Secures $930k in Funding for West African Expansion

Tunisian team collaboration startup Cynoia has announced a significant funding milestone, securing $930,000 to fuel its expansion into the West African Economic and Monetary Union (UEMOA), focusing on Senegal and Ivory Coast.
READ MORE

Mastercard Africa Growth Fund Invests $27  Million in Africa-Focused Investment Firms Chui Ventures, VestedWorld, and SME Impact Fund

The Mastercard Africa Growth Fund has announced investments in three Africa-focused investment firms: Chui Ventures, VestedWorld, and SME Impact Fund.
READ MORE

London-based Fintech Verto Partners with UBA to Enhance Cross-Border Transactions in Kenya

Verto, a leading London-based fintech and payment solution provider, has announced a strategic partnership with the United Bank of Africa (UBA) to streamline cross-border transactions for Kenyan entrepreneurs, small-scale businesses, and corporations.
READ MORE