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Critical business developments shaping Africa’s economic future
The African Union Development Agency (AUDA-NEPAD) and X Green Capital have launched the Africa Green Transition PPP Fund (AGTPF), a new investment platform designed to accelerate financing for green infrastructure projects across Africa.
PlayAI, a voice technology company founded by Egyptians Mahmoud Felfel and Hammad Syed, has been acquired by Meta, according to an announcement by global venture capital firm 500 Global.
MTN MoMo, the mobile money arm of MTN Group, and Mastercard have announced a multi-market partnership aimed at expanding access to digital financial services across Africa.
The Food and Agriculture Organization (FAO) has announced plans to establish a dedicated Fall Armyworm Research Hub in Kenya.
Latest funding rounds and investment opportunities across the continent
Proparco has committed $12 million to the Acumen Resilient Agriculture Fund II (ARAF II), strengthening the flow of early-stage capital to agribusinesses serving smallholder farmers across sub-Saharan Africa.
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.
Unlimit, a London-based financial technology company specializing in cross-border payments, announced its entry into the Tanzanian market after receiving a license from the Bank of Tanzania (BOT).
German biotech giant BioNTech has taken a significant step toward its ambitious goal of producing mRNA vaccines in Africa by setting up the first BioNTainer at its manufacturing facility in Kigali, Rwanda.
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