Category: Key developments
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Egyptian Bus Maker MCV to Export ElectricBus Bodies to Europe in New Agreement With Volvo Cars
Swedish automaker Volvo Cars and Egyptian bus manufacturer Manufacturing Commercial Vehicles (MCV) have signed an agreement to manufacture electric bus bodies in Egypt for export to Europe.
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Egypt’s Qardy Teams Up With Sandah to Give MSMEs Access to Finance
Egyptian fintech startup Qardy has announced a strategic partnership with microfinance company Sandah to provide micro, small, and medium enterprises (MSMEs) with greater access to financing.
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Joliba Capital Raises $59 Million to Invest in West African SMEs
Joliba Capital, a private equity firm focused on investing in SMEs in West Africa, has announced the first close of its Joliba Fund I at $59m.
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Interswitch and Google Pay Partner to Enhance Digital Payments to Nigeria
Interswitch, a leading payments company in Nigeria, has partnered with Google Pay to bring the popular mobile payment service to Nigeria.
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Nigeria’s AltSchool Africa Launches New Schools to Upskill Africans “For the Jobs of the Future”
AltSchool Africa, a leading provider of creative and business education in Africa, has launched two new schools in Lagos and Abuja.
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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.