Category: Key developments

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.

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.