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Category: Key developments
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Acumen Unveils $90 Million KawiSafi Fund II to Scale Climate Innovation Across Africa
Acumen, the global impact investment firm, has introduced its second iteration of the KawiSafi fund, a private-sector investment vehicle dedicated to scaling climate-focused solutions throughout the African continent.
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Helios Investment Partners Targets Cairo’s Regional Data Hub in $260m Agreement
Helios Investment Partners has taken a significant step toward expanding its digital infrastructure footprint in North Africa after Telecom Egypt’s board gave initial approval to the firm’s proposal to purchase a majority interest in its data center business.
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Africa’s Business Heroes Unveils Top 20 Finalists for $1.5 Million 2025 Prize
Africa’s Business Heroes (ABH), the flagship philanthropic enterprise spearheaded by Alibaba Philanthropy and rooted in the Jack Ma Foundation, has unveiled the 20 entrepreneurs selected to advance to the semi-finals of its prestigious 2025 competition.
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Libya Inaugurates First-Ever Solar Facility in the Sahara Desert
Libya has officially commissioned its inaugural solar power facility in the remote southeastern town of Kufra, deep in the Sahara Desert near Egypt, Sudan, and Chad.
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UK Pushes to Bring More African IPOs to London
The British government is stepping up efforts to convince more African businesses to choose London as their gateway to international capital.
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African Development Bank Partners with Aerosense to Roll Out Drone Technology Across Africa
The African Development Bank (AfDB) and Japanese drone manufacturer Aerosense Inc. have formalized a collaborative pact aimed at expanding drone-based solutions in Africa.
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South Africa Launches First AI Tutor Robot, Iris, to Bridge Education Gaps
South Africa has introduced its first AI-powered tutor robot, Iris, at a launch event in Durban, a move expected to reshape the country’s education system.
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500 Global and UNDP Roll Out Startup Programs to Strengthen Africa’s Innovation Ecosystem
Global venture capital firm 500 Global has partnered with the United Nations Development Programme (UNDP) to introduce its first founder-focused programs in Nairobi.
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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.