Category: Key developments

AfDB has launched a $1 billion fund called the African Climate Risk Insurance Facility for Adaptation (ACRIFA) to insure African farmers.

E-mobility startup Mbay Mobility is embarking on an ambitious mission to electrify taxi fleets in Dakar, Abidjan, and Accra.

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.

Techstars, a global accelerator renowned for its active investment in the African continent, has unveiled its second cohort for the Lagos-based accelerator program.

The International Finance Corporation (IFC) has announced an investment and advisory support package for Biovac, a leading South African biopharmaceutical company.

Responding to the critical need for climate resilience across Africa, the West African Development Bank (BOAD) has announced the launch of the Climate Study Fund.

Pan-African fintech leader Flutterwave has acquired 13 new money transmission licenses in the United States, significantly expanding its reach in the crucial cross-border payments market.

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.