The two firms have joined forces to bridge the funding gap and support promising startups addressing climate change challenges in Africa. The joint funding initiative will provide capital and mentorship, networking opportunities, and strategic guidance to the selected startups. This comprehensive approach aims to support entrepreneurs throughout their journey, from early-stage development to scaling their solutions, ensuring long-term impact and sustainable growth.
With the successful first close at $48 million, E3 Capital and Lion’s Head Climate Fund are poised to become key players in Africa’s climate innovation landscape, driving positive change and inspiring new entrepreneurs to tackle the continent’s pressing environmental challenges. The fund is being financed by several development finance institutions, including the @Netherlands Development Finance Company (FMO), Swedfund International, Proparco, the private sector financing arm of the French Development Agency (AFD) and Kreditanstalt für Wiederaufbau (KfW), the German development agency.
Global banking technology company Velmie has supported the launch of Vult, Sierra Leone’s first digital banking super app, to help expand access to financial services in the country.
Huawei South Africa has unveiled a cutting-edge smart warehouse in Johannesburg, marking a major development in the region’s logistics landscape.
LOXEA Nigeria, part of the CFAO Mobility group, has officially launched BYD (Build Your Dreams) electric vehicles in the Nigerian market, marking a major milestone in the country’s transition towards cleaner mobility.
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