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Kofa, a dynamic startup based in Ghana, has secured funding to revolutionize the energy sector with its pioneering Battery-as-a-Service (BaaS) model.
In a bid to overcome the limitations of traditional energy storage systems, Kofa has set its sights on powering the nation’s future with a sustainable and innovative approach. Kofa’s game-changing BaaS model allows customers to access advanced battery technology without the hassle of upfront costs or ownership.
This transformative service allows residential and commercial clients to tap into the advantages of energy storage without bearing the burden of heavy capital investment. By proactively harnessing renewable energy sources, Kofa aims to bridge the gap between intermittent power supply and constant demand. Kofa’s recent funding round was led by Mercy Corps Ventures, Shell Foundation, UK’s FCDO (Foreign, Commonwealth & Development Office), and Wangara Green Ventures.

African women leading innovative healthcare startups are invited to apply for support from Villgro Africa, a healthcare-focused incubator and investor.

Flat6Labs, a leading venture capital firm and startup accelerator in the MENA region, is set to receive a proposed equity investment of up to $6 million in its newly launched fund from the International Finance Corporation (IFC).

The African Development Bank Group has announced a $75 million financing package to support Export Trading Group (ETG), a Mauritius-based conglomerate with extensive operations throughout Africa.