Category: Key developments
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BOAD Launches Climate Study Fund to Bolster Resilience in 8 African Countries
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.
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Pan-African Fintech Flutterwave Acquires Money Transfer Licences for 13 States in the US to Facilitate Remittances for the African Diaspora
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.
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Sierra Leone Gets its First Large-Scale Grid-Connected Solar IPP After $52 Milion Funding From BII, FMO, Proparco & Frontier Energy
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.
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Ampersand Expands Electric Motorbike Battery Swap Network in Kenya
Ampersand, a leading provider of electric motorbike solutions in East Africa, is expanding its battery swap network across Nairobi.
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London-based Fintech Verto Partners with UBA to Enhance Cross-Border Transactions in Kenya
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.
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Egyptian Startup Nawah Scientific Becomes First African Entity to Receive US-FDA Accreditation for Food Analysis
Egyptian startup Nawah Scientific has become the first African entity to receive US-FDA accreditation for food analysis.
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Vodacom Launches Groundbreaking Digital Solutions to Revolutionize Public Healthcare in South Africa
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.
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Germany Pledges Support to Boost Green Energy Efforts in Africa
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.
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South African Fintech Firm Payment24 Acquires Inergy 24 to Expand European Footprint
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.