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The Tony Elumelu Foundation (TEF), a leading philanthropic organization dedicated to empowering young entrepreneurs in Africa, has entered into a $6 million strategic partnership with the UAE Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation.

The International Finance Corporation (IFC) is considering an equity investment of up to $40 million in the Facility for Energy Inclusion (FEI), a continent-wide debt fund focused on expanding access to renewable energy in Africa.

Payday (Techstars ’21), one of Africa’s leading Pan-African neobank, has raised $3 million in seed funding to drive the future of work for the continent.