Category: Key developments

JPMorgan Chase, the largest bank in the U.S. by market capitalization, has been granted approval by the Central Bank of Kenya (CBK) to open a representative office in Kenya.

Raxio Group has officially launched a state-of-the-art data centre in Abidjan, Côte d’Ivoire, named Raxio Côte d’Ivoire (CIV1).

The UK and PwC, in collaboration with the UK-Kenya Tech Hub, have introduced a new digital toolkit designed to assist entrepreneurs in accessing markets in Kenya, Nigeria, and South Africa.

E-mobility startup Ampersand has announced a strategic partnership with CrossBoundary Energy to provide solar-powered charging solutions for its electric two-wheeler (E2W) motorbikes in Kenya.

Ghanaian startup Kofa, a pioneer in battery network solutions, is expanding its operations in the country through a GBP6.15 million (US$8 million) special purpose vehicle (SPV).

Acasia Group, a prominent multi-incubator operator and angel investment syndicate in Egypt, has been acquired by Sultan Ventures, a US-based venture firm.

Nigerian automaker Innoson Vehicle Manufacturing Company (IVM) has made a significant stride in the country’s automotive industry with the unveiling of its first locally produced electric vehicle.

AfriLabs, the leading network of technology and innovation hubs in Africa, has announced the addition of 18 new hubs to its community.

Liquid Intelligent Technologies has announced a strategic partnership with US-based Globalstar to deliver cutting-edge 5G connectivity solutions across Africa, the Middle East, and the Gulf region.