Category: Key developments

Nigeria is advancing its electric vehicle (EV) industry through a strategic partnership with a Moroccan company, aiming to drive local manufacturing and reduce dependence on imported vehicles.

Egypt’s Minister of Communications and Information Technology, Amr Talaat, has inaugurated the Deloitte Innovation Hub, a new venture established with an investment of $30 million over three years.

Gebeya, a leading Pan-African talent cloud technology company, has joined forces with NVIDIA, a global powerhouse in graphics and AI technology, to establish a network of 50,000 NVIDIA-certified developers in Africa.

JPMorgan Chase, the largest bank in the U.S. by market capitalization, has been granted approval by the Central Bank of Kenya (CBK) to open a representative office in Kenya.

Raxio Group has officially launched a state-of-the-art data centre in Abidjan, Côte d’Ivoire, named Raxio Côte d’Ivoire (CIV1).

The UK and PwC, in collaboration with the UK-Kenya Tech Hub, have introduced a new digital toolkit designed to assist entrepreneurs in accessing markets in Kenya, Nigeria, and South Africa.

E-mobility startup Ampersand has announced a strategic partnership with CrossBoundary Energy to provide solar-powered charging solutions for its electric two-wheeler (E2W) motorbikes in Kenya.

Ghanaian startup Kofa, a pioneer in battery network solutions, is expanding its operations in the country through a GBP6.15 million (US$8 million) special purpose vehicle (SPV).

Acasia Group, a prominent multi-incubator operator and angel investment syndicate in Egypt, has been acquired by Sultan Ventures, a US-based venture firm.