Category: Key developments

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.

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.