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Category: Key developments
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AfriLabs partners with the U.S. Department of State to tackle climate crisis in Africa through entrepreneurship
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.
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BasiGo to Spearhead Rwanda’s Electric Mobility Revolution with the Introduction of Electric Buses
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.
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Mastercard teams up with Nigerian B2B e-commerce platform Alerzo to digitize African SMEs
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.
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Solar energy company Starsight Energy secures $20 million to power East Africa with solar energy
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
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Investment platform Africa50 and the International Solar Alliance partner to finance solar energy in Africa
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.
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Zambian solar energy company MySol raises $7.7 million to elecrify 40,000 people with solar energy
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.
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AI company Flapmax launches program to help African startups scale up and raise capital
The program, which is open to startups from all over the continent, will provide participants with access to mentorship, training, and funding opportunities.
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Invest International injects $10.8M in uMunthu II Fund to support African SMEs
By providing capital, strategic guidance, and mentorship, the fund aims to unlock the growth potential of African businesses and contribute to their long-term success
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Nuru, a leading renewable energy company, has secured over $40 million in funding to expand its efforts in providing access to clean and sustainable energy solutions
This significant investment will empower Nuru to expand its efforts in providing access to clean and sustainable energy solutions in DR Congo, heralding a new era of progress and environmental stewardship.