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Cygnum Capital’s FEI Backs Qair’s Floating Solar Project in Seychelles with $5.7 Million
The Facility for Energy Inclusion (FEI), managed by Cygnum Capital, will provide a $5.7 million senior debt facility as the sole lender to finance Qair Group’s 5.8 MWp floating solar project in Seychelles.
South Africa Launches First AI Tutor Robot, Iris, to Bridge Education Gaps
South Africa has introduced its first AI-powered tutor robot, Iris, at a launch event in Durban, a move expected to reshape the country’s education system.
Sahel Capital Secures $10 Million from Mastercard Foundation to Back Agri-SMEs in Africa
Sahel Capital, manager of the Social Enterprise Fund for Agriculture in Africa (SEFAA), has secured a $10 million commitment from the Mastercard Foundation Africa Growth Fund, which is administered by Mennonite Economic Development Associates (MEDA) in Mauritius.
500 Global and UNDP Roll Out Startup Programs to Strengthen Africa’s Innovation Ecosystem
Global venture capital firm 500 Global has partnered with the United Nations Development Programme (UNDP) to introduce its first founder-focused programs in Nairobi.