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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.

The Bimalab Africa Insurtech Accelerator Program has secured a significant funding boost of $600,000 from the Swiss Re Foundation.

The European Union has unveiled a €545 million (about US$636 million) investment package to boost clean energy and modernise electricity networks in nine African nations.

Stitch, a leading fintech startup in South Africa, has announced a $25 million Series A extension round led by Ribbit Capital.