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The Council for Scientific and Industrial Research (CSIR) has secured a $4 million investment from the Bill & Melinda Gates Foundation to drive skills and health innovation.
The investment will accelerate the CSIR’s groundbreaking research and development efforts in healthcare, opening new avenues for advancements and solutions that address critical health challenges across the continent. The investment marks a significant milestone in the CSIR’s mission to promote scientific excellence and foster innovation for the betterment of African communities.
With the funding, the CSIR will boost the development of innovative healthcare solutions that are accessible, affordable, and tailored to meet the specific needs of the African population. The CSIR has a proven track record of delivering impactful healthcare innovations, from diagnostics and therapeutics to medical devices and digital health solutions.

German development finance institution DEG has reported a $20 million commitment to the Regional MSME Investment Fund for sub-Saharan Africa (REGMIFA), adding fresh capital to a vehicle that finances smaller businesses indirectly by lending to local financial institutions.

UK-based technology company MOPO, known for its innovative pay-per-use battery rental solutions, has secured significant funding from British International Investment (BII), the UK’s development finance institution and impact investor.

Nigerian cold-chain startup Figorr (Formerly Gricd) has raised $1.5 million in seed funding to revolutionize perishables insurance with a data-driven approach.