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Day: June 17, 2024
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Ethiopia Launches Largest Electric Vehicle Factory to Manufacture 1,000 Cars Per Year
Ethiopia has inaugurated its biggest electric vehicle (EV) factory in Debre Berhan, Amhara region.
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AgDevCo Invests in Cashew Coast to Boost Processing in Côte d’Ivoire
AgDevCo, a specialist investor in African agriculture, has announced a new investment in Cashew Coast, a leading cashew nut processing business in Côte d’Ivoire.
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Renew Capital Backs Zuri’s Tech-Driven Beauty Revolution in Africa
Renew Capital, a leading impact investor focused on Africa’s high-growth enterprises has announced a strategic investment in Zuri, a fast-rising beauty brand determined to transform the African beauty landscape.
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IFC Announces Plan to Invest in Moroccan VC Fund EmergingTech Ventures
The International Finance Corporation (IFC), a member of the World Bank Group, is considering a significant investment in a Moroccan venture capital fund that targets emerging technology companies in North and West Africa.
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Alma Clinics Secures $2.8 Million in Funding to Expand Nurse-Led Primary Healthcare in South Africa
South African nurse-led primary healthcare clinic chain Alma Clinics has secured $2.8 million in funding from investment firm IDF Capital’s Alitheia IDF Fund (AIF).
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Egyptian Podcast Production Startup, Potcast Productions, Secures Funding to Fuel Growth
Potcast Productions, a leading Egyptian podcast producer founded in 2020, has secured an undisclosed amount of pre-seed funding.