The African Development Bank Group (AfDB) has secured a $350 million loan from the Japan International Cooperation Agency (JICA) to enhance its support for private sector operations in Africa.
The facility will provide the necessary financial resources to support the growth and development of private sector operations in Africa, which will, in turn, create more jobs, increase productivity, and foster inclusive economic growth. The loan will support various private sector operations, including infrastructure development, agribusiness, energy, and manufacturing. It will also provide financing for small and medium-sized enterprises (SMEs) in Africa, which is critical to job creation and economic growth.
South African climate-tech company Plentify has partnered with Conlog, Africa’s leading smart metering provider, to deploy intelligent energy management systems to over 50 million households across the continent.
The 2025 AfricArena Lagos Fintech, Mobility & Logistics Summit concluded on a high note at the Eko Hotel and Suites, Victoria Island, Lagos, with five startups and one investor recognized for their outstanding contributions to Africa’s tech innovation space.
Flat6Labs, a leading seed-stage venture capital firm in the Middle East and North Africa (MENA) region, and Organon, a global healthcare company devoted to women’s health, have joined forces to launch the second cycle of the Women’s Health Accelerator Program.
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