Category: Key developments

Roam, a leading electric mobility firm, has officially inaugurated its state-of-the-art factory in Nairobi. The facility will manufacture 50,000 electric motorbikes annually.

BioNTech, the renowned German biotechnology company, has finalized the acquisition of Tunisia’s artificial intelligence (AI) startup, InstaDeep, in a deal worth $550 million.

Safaricom, Kenya’s leading telecommunications giant, has revealed its ambitious plan to bolster the tech startup ecosystem by launching two new subsidiaries.

AfriLabs, one of Africa’s largest networks of technology and innovation hubs, has joined hands with the United States Department of State to tackle the climate crisis in Africa through entrepreneurship.

Rwanda’s vision for a greener and more sustainable future takes a giant leap forward as BasiGo, a renowned electric vehicle manufacturer, announces its plans to bring electric buses to the streets of Rwanda.

Mastercard has partnered with Alerzo, a fast-growing Nigerian startup, to digitize African SMEs. The collaboration aims to drive financial inclusion and support the growth of the sector.

The funding injection aims to accelerate the expansion of clean energy access across the East Africa region and marks a significant milestone in the company’s mission to drive sustainability and economic growth

Africa50, an investment platform that finances infrastructure projects in Africa, and the International Solar Alliance (ISA), an intergovernmental organization that promotes solar energy in developing countries, have signed a partnership agreement to finance solar energy projects in Africa.

Zambia-based solar energy company, MYSOL, has secured $7.5 million in funding to accelerate the deployment of off-grid solar electrification projects across the country.