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Author: Fred Kennedy
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CrossBoundary Energy Secures $40 Million to Expand Clean Power Projects Across Africa
CrossBoundary Energy (CBE) has obtained a $40 million equity-like investment from Impact Fund Denmark (IFDK).
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Mercedes-Benz to Expand in West Africa with New Truck Assembly Facility in Senegal
Mercedes‑Benz, through its Daimler Truck division, has committed to building a truck assembly plant in Senegal.
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Morocco’s Hypeo Ai Gets Backing from Renew Capital to Streamline Influencer Marketing
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.
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Nedbank Acquires South African Fintech iKhokha in $94 million Deal to Support SMEs
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.
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Africa50 Achieves $118 Million First Close for Africa-Focused Green Infrastructure Fund
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.
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Ampersand Raises Capital to Accelerate Electric Motorcycle Expansion in East Africa
Ampersand, a Rwandan electric motorcycle firm, has secured a fresh funding round to grow its operations across East Africa.
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Africa’s Energy Deficit: 600 Million People Still Lack Electricity
Nearly half of Africa’s population, about 600 million people, remain without electricity in 2024.
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Kenya’s HoneyCoin Raises $4.9 Million to Fuel Global Payments Expansion
HoneyCoin, a Nairobi-born payments orchestration platform, has secured $4.9 million in seed funding.
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FMO and AfDB’s SEFA Commit €17.2 Million to Dédougou Solaire’s 18 MW Solar Plant in Burkina Faso
Dédougou Solaire has secured €17.2 million to build and operate an 18 MWp solar power plant in Dédougou, Burkina Faso.