Author: Fred Kennedy
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Metalosul Secures Enko Capital Funding for Major Solar Expansion in Angola
Enko Capital has made a new investment in Angola’s renewable energy sector through its Impact Credit Strategy, supporting a large-scale solar project being developed by Metalosul, a subsidiary of the Omatapalo Group.
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Ethiopia’s Dodai Raises $13 Million to Expand Electric Motorbike and Battery-Swapping Network
Ethiopian electric mobility startup Dodai has secured $13 million in fresh funding to scale its electric motorbike operations and battery-swapping network, as the country pushes toward cleaner transport solutions.
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IFC Proposes $40 Million Investment in Cygnum Capital’s Facility for Energy Inclusion Fund
The International Finance Corporation (IFC) is considering an equity investment of up to $40 million in the Facility for Energy Inclusion (FEI), a continent-wide debt fund focused on expanding access to renewable energy in Africa.
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BII Targets £9 Billion Investment Push into Africa with New Five-Year Strategy
British International Investment (BII), the UK government’s development finance institution, has announced a new five-year plan to channel £9 billion into African economies, with a strong push to attract private investors and expand activity in underserved markets.
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AFC Establishes Nairobi Regional Office to Drive Over $2 Billion in East Africa Infrastructure Investments
The Africa Finance Corporation (AFC) has formalized plans to open its first regional office in Nairobi following the signing of a Host Country Agreement with the Government of Kenya, marking a new phase in infrastructure financing and industrial development across East Africa.
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Eswatini-Born Swoop Raises $7.3 Million Seed Round to Launch Food Delivery Expansion in Nigeria
Swoop, a food delivery startup founded in Eswatini, has secured $7.3 million in seed funding as it prepares to enter Nigeria, marking its first expansion beyond its home market.
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How Andela is Connecting African Tech Talent to Global Jobs in the AI Economy
Andela connects African tech talent to global opportunities, building a scalable workforce for the AI economy through a global talent marketplace.
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AfDB Backs Nigeria’s Digital Push with $200 Million to Deploy 90,000km of Fibre and Create 2.8 Million Jobs
The African Development Bank Group has approved a $200 million loan to Nigeria to support a major national programme aimed at expanding broadband infrastructure, improving digital skills, and creating jobs.
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IMF Downgrades Africa Economic Growth Outlook as Middle East Conflict Reshapes Global Economy
The International Monetary Fund (IMF) has revised its economic outlook for Africa, warning that the ongoing conflict in the Middle East is undermining growth prospects across the continent and adding fresh pressure on already fragile economies.