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Day: April 21, 2024
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South Africa Gets $300 Million From IFC For Housing and Clean Energy
The International Finance Corporation (IFC), a member of the World Bank Group focused on private sector development, is providing a significant boost to South Africa’s ongoing energy transition and affordable housing initiatives.
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South African AI Firm Spatialedge Secures $3 Million for Growth
South African artificial intelligence (AI) software company Spatialedge has secured R60 million (approximately $3.15 million USD) in funding from Hlayisani Growth Fund.
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Spark+ Africa Fund Secures Additional Funding for Clean Cooking Solutions in Sub-Saharan Africa
Spark+ General Partner, a leader in clean cooking investment, announced significant progress in fundraising for the Spark+ Africa Fund.
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Nigerian Retail-Tech Startup OmniRetail Begins Series A Funding Round With Goodwell
Nigerian retail technology company OmniRetail has launched its Series A fundraising round with an initial investment from Goodwell Investments, a leading impact investor.
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African Mobility Company MAX and Ghana’s Kofa Partner in E-Bike Financing Deal
African mobility company MAX and Ghanaian energy network innovator Kofa have joined forces to make eco-friendly transportation more accessible across the continent.
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Ugandan Ride-Hailing App SafeBoda Launches Electric Motorcycles
Safeboda, a leading Ugandan ride-hailing platform, announced the launch of a new electric motorcycle option, “Electric Boda,” on its app.
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BasiGo Opens Kenya’s First Electric Bus Assembly Line
BasiGo, a Kenyan electric mobility frontrunner, has inaugurated the country’s first dedicated assembly line for modern electric buses at the Kenya Vehicle Manufacturers (KVM) plant in Thika.