Fred Kennedy, Author at Empower Africa

500 Global and UNDP Roll Out Startup Programs to Strengthen Africa’s Innovation Ecosystem

Aug 20, 2025

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Global venture capital firm 500 Global has partnered with the United Nations Development Programme (UNDP) to introduce its first founder-focused programs in Nairobi.

CrossBoundary Energy Secures $40 Million to Expand Clean Power Projects Across Africa

Aug 18, 2025

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Fred Kennedy

in New Investments

CrossBoundary Energy (CBE) has obtained a $40 million equity-like investment from Impact Fund Denmark (IFDK).

Mercedes-Benz to Expand in West Africa with New Truck Assembly Facility in Senegal

Aug 17, 2025

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Fred Kennedy

in Key developments

Mercedes‑Benz, through its Daimler Truck division, has committed to building a truck assembly plant in Senegal.

Morocco’s Hypeo Ai Gets Backing from Renew Capital to Streamline Influencer Marketing

Aug 17, 2025

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Fred Kennedy

in New Investments

Hypeo Ai, a Moroccan startup offering an AI-powered platform for influencer marketing, has secured funding from Renew Capital to speed up and simplify brand-creator collaborations across Africa and the Middle East.

Nedbank Acquires South African Fintech iKhokha in $94 million Deal to Support SMEs

Aug 17, 2025

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Fred Kennedy

in New Investments

Nedbank Group has struck a binding agreement to purchase iKhokha, a prominent South African fintech provider, for approximately R1.65 billion (about US$94 million) in an all-cash transaction.

Africa50 Achieves $118 Million First Close for Africa-Focused Green Infrastructure Fund

Aug 15, 2025

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Fred Kennedy

in New Investments

Africa50, a key infrastructure investor operating across the continent, has completed the first close of its Alliance for Green Infrastructure in Africa – Project Development Fund (AGIA‑PD), raising $118 million in landmark financing.