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Author: Fred Kennedy
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30 African Startups Chosen for Latitude59 Kenya Finals as Continent’s Innovation Ecosystem Gains Global Spotlight
A total of 30 startups have been shortlisted as finalists for the Latitude59 Kenya Pitch Competition, emerging from a field of 222 applications submitted from 27 different countries.
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Morocco’s Chari Secures Investment From DisrupTech Ventures to Expand Community-Level Financial Services
Cairo-based early-stage fintech venture capital firm DisrupTech Ventures has made a strategic investment into Moroccan fintech startup Chari, marking its first deployment in Morocco and only its second investment in Africa outside of Egypt.
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Sahara Impact Ventures Backs Ghana’s Wahu Mobility to Accelerate Electric Transport Shift
Ghana’s electric mobility sector has received a fresh boost as Sahara Impact Ventures confirmed a new investment in Wahu Mobility, a home-grown e-mobility startup working to replace petrol-powered transport across African cities.
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IFC Plans Up to $15 Million Backing for Catalyst’s New MENA Climate Fund
The International Finance Corporation (IFC) has announced that it is considering an equity injection of up to $15 million into the newly launched Catalyst MENA Climate Fund II, a climate-focused investment vehicle managed by Catalyst Investment Management.
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South Africa’s Mulilo Secures $75 Million from Norfund to Accelerate Renewable Energy Expansion
South African renewable energy company Mulilo Energy Holdings has secured a major investment of $75 million from the Norwegian development finance institution Norfund.
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IFC Extends $10 Million Loan to Lula to Expand Financing for South Africa’s Small Businesses
The International Finance Corporation (IFC) has extended a local-currency loan of ZAR 170 million (roughly US$10 million) to South African digital lender Lula Lend (Pty) Ltd, in a move designed to bolster working-capital access for the country’s micro, small and medium-sized enterprises (MSMEs).
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Vodacom Strikes Landmark Deal With Starlink to Expand High-Speed Internet Across Africa
South Africa’s pan-African operator Vodacom Group has announced a major new agreement with Starlink, the satellite broadband service developed by SpaceX, to bring high-performance internet connectivity across the African continent, including to underserved rural regions.
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Africa Takes Charge of Its Health Future with Launch of the African Medicines Agency
The launch of the African Medicines Agency (AMA) was honoured this week in Mombasa, Kenya, during the 7th Biennial Scientific Conference on Medical Products Regulation in Africa (SCoMRA VII).
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Google and Cassava Launch Initiative to Make AI Learning Data-Free in Africa
Tech giant Google has announced a landmark collaboration with Africa-focussed infrastructure company Cassava Technologies, aimed at making artificial intelligence tools more affordable and accessible across the continent — a region widely regarded as the youngest and fastest-growing digital market in the world.