Category: Key developments

In a significant step towards clean energy and improved electricity access, a consortium of Development Finance Institutions (DFIs) and renewable energy fund manager Frontier Energy has announced a co-investment of over $52 million for the Planet Solar project in Sierra Leone.

Ampersand, a leading provider of electric motorbike solutions in East Africa, is expanding its battery swap network across Nairobi.

Verto, a leading London-based fintech and payment solution provider, has announced a strategic partnership with the United Bank of Africa (UBA) to streamline cross-border transactions for Kenyan entrepreneurs, small-scale businesses, and corporations.

Egyptian startup Nawah Scientific has become the first African entity to receive US-FDA accreditation for food analysis.

Vodacom, in collaboration with the Free State Department of Health, has introduced digital health solutions to enhance medical care in public hospitals across the province.

In a significant move to support Africa’s transition to green energy, Germany has committed to investing 4 billion euros (approximately $4.37 billion) in renewable energy projects across the continent by 2030.

South Africa-based Payment24, a global provider of payment and loyalty solutions, has acquired Switzerland-headquartered Inergy 24 to accelerate its expansion into the European market.

Gozem, the leading super app in Francophone Africa, has acquired Beninese fintech startup Moneex in an undisclosed deal.

Visa has selected 23 African startups for the inaugural cohort of its Visa Africa Fintech Accelerator.