Category: Key developments

Kenyan mobility startup BasiGo has received a $1.5 million grant from the United States Agency for International Development (USAID) to support the pilot testing and scale-up of its electric buses in Rwanda.

MNT-Halan has become Egypt’s first unicorn after announcing a raise of over $400 million securitizationion issuances this year, solidifying its position as a leading player in the region’s financial technology sector.

The top 10 finalists for the AfricaIgnite Pitch Competition have been announced, with five companies from Kenya and four from South Africa making the list.

MNT-Halan has become Egypt’s first unicorn after announcing a raise of over $400 million securitizationion issuances this year, solidifying its position as a leading player in the region’s financial technology sector.

The Emerging Africa Infrastructure Fund (EAIF) has committed up to XOF 30 billion (equivalent to USD ~ 48 million) to launch West Africa’s first-ever social asset-backed security.

Kenya’s President William Ruto has launched the much anticipated East Africa Device Assembly Kenya Limited (EADAK) in Athi River, Machakos County.

Pan-African digital payments network MFS Africa has joined forces with Mvola, the biggest mobile money provider in Madagascar, to pave the way for inbound international money transfers.

Ghanaian startup Kofa, a pioneer in battery network solutions, has teamed up with TAILG Group, a prominent electric vehicle (EV) brand hailing from China, to launch the Jidi electric motorcycle.

Kuramo Capital Management, a prominent investment management firm with a focus on Sub-Saharan Africa (SSA), has announced its ambitious plan to invest $150 million in supporting female-led startups throughout the African continent over the next decade.