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Category: Key developments
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UAE Pledges $4.5 Billion to Help Africa Transition to Clean Energy
The United Arab Emirates (UAE) has pledged $4.5 billion to help African countries transition to clean energy.
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Nigerian Startup Itana to Create Africa’s First Digital Free Zone Following $2M Pre-Seed Funding
Itana, a Nigerian startup that is building Africa’s first Digital Free Zone, has raised $2 million in pre-seed funding.
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Google Names Alex Okosi as Managing Director for Africa
Google has announced the appointment of Alex Okosi as Managing Director for Africa.
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Ugandan Fintech Asaak Acquires Mexican Startup FlexClub to Expand into Latin America
Asaak, a leading Ugandan fintech company, has acquired FlexClub, a Mexican startup that provides car financing for Uber drivers.
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Uber Launches Its First Electric Motorbikes in Africa in Nairobi, Kenya
Ride-hailing giant Uber has launched an electric motorbike service in Kenya, its first in Africa.
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Black Ostrich Ventures Launches $20M Fund to Back African Startups Outside of the ‘Big Four’
Black Ostrich Ventures, a US-based venture capital firm, has launched a $20 million fund to invest in startups outside of the four major African markets: Nigeria, South Africa, Egypt, and Kenya.
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USAID Launches $49 Milion Healthcare Project in Ethiopia
The United States Agency for International Development (USAID) has launched a $49 million healthcare project in Ethiopia.
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Moroccan Healthtech Firm Sobrus Expands to France to Deliver Healthcare Solutions on Global Scale
Moroccan health-tech firm Sobrus has announced a significant expansion into the French market after achieving a remarkable milestone of surpassing $500 million in transaction volumes.
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Egyptian Incubator Flat6Labs Launches Accelerator Programme For Construction-Tech Startups
Flat6Labs, Egypt’s premier startup accelerator and seed investor, has announced the launch of an accelerator programme exclusively tailored for construction technology startups.