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Category: Key developments
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Tanzania’s Kakono gets $300 million to deliver clean energy
Powering up Tanzania: The African Development Bank Group, the French Development Agency (AFD) and the European Union (EU) have teamed up to invest $300m in Tanzania’s Kakono hydropower plant.
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AstraZeneca to launch Africa Health Innovation Hub
Leading global pharmaceutical company AstraZeneca has announced the launch of its Africa Health Innovation Hub to increase access to healthcare on the continent.
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VC firm Equator raises $40 million to back climate-tech African startups.
Equator, a VC firm focused on supporting innovative solutions to climate change, has raised $40 million in commitments to invest in African startups tackling climate challenges.
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Kenya gets $378 million to electrify its public transport system
The European Union has provided Kenya with $378 million in funding to power the country’s electric Bus Rapid Transit (BRT) system.
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DFC backs Novastar Ventures with $25 million to support African startups.
The U.S. International Development Finance Corporation (DFC) has invested $25 million in Novastar Ventures to support and invest in early-stage startups in Africa.