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Day: May 22, 2024
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Kenyan Mobility Startup BuuPass Sets Sights on Expanding to 8 New African Markets by 2025
Kenyan travel tech company BuuPass is aiming to expand its reach significantly across Africa, targeting eight new markets by 2025.
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TowerCo Tanzania Secures $30 Million to Expand Rural Connectivity
TowerCo of Africa Tanzania (TOA Tanzania), a telecommunications infrastructure provider, has signed a $30 million financing agreement with British International Investment (BII) to bolster its network across the country.
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Egyptian VC Firm Glint Closes First Round of New $3 Million Fund for Early-Stage Startups
Glint, a prominent Egyptian venture capital firm, has secured an initial $3 million for its second fund, targeting early-stage startups.
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South Africa Secures $234M For the World’s First Solar-Powered EV Charging Network
South Africa’s Free State province is taking a major leap towards electric mobility with a $234 million investment in the world’s first network of solar-powered electric vehicle charging stations.
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GOGO Electric Secures $1.6 Million Investment to Electrify East African Transport
The Electrification Financing Initiative (ElectriFI), funded by the European Union, has made its first investment in the African ecological mobility sector, committing $1.6 million to Ugandan startup Gogo Electric (formerly Bodawerk).