Key Developments

AfriLabs, the leading network of technology and innovation hubs in Africa, has announced the addition of 18 new hubs to its community.

Liquid Intelligent Technologies has announced a strategic partnership with US-based Globalstar to deliver cutting-edge 5G connectivity solutions across Africa, the Middle East, and the Gulf region.

Treepz, a leading African corporate mobility startup, has achieved a significant milestone by successfully completing the continent’s first cross-border rental trip between Nigeria and Benin Republic.

Eastgate Shopping Centre is set to become the proud owner of Africa’s largest registered rooftop solar installation. The final phase of the project is expected to be completed by the end of the year.

South African fintech startup, NeoNomad, has introduced Africa’s inaugural hybrid exchange platform, a groundbreaking web application designed to revolutionize financial services across the continent.

Fifty promising entrepreneurs from across Africa have been selected as finalists for the fifth edition of the Africa’s Business Heroes (ABH) initiative.

Fifty promising entrepreneurs from across Africa have been selected as finalists for the fifth edition of the Africa’s Business Heroes (ABH) initiative.

Egyptian fintech giant MNT-Halan has announced its entry into the Turkish market through the acquisition of Tam Finans, a leading commercial finance company in the country.

Google has announced the selection of ten promising startups from across Africa for its eighth Accelerator Africa program.

Mobility startup LULA has announced a significant expansion through the acquisition of UK-based Zeelo’s South African operations.

Mobility startup LULA has announced a significant expansion through the acquisition of UK-based Zeelo’s South African operations.

Ethiopia and the United Arab Emirates (UAE) have launched the “5 Million Ethiopian Coders” initiative.

IXAfrica Data Centres and Schneider Electric have unveiled a new hyper-scale data center in Kenya.

South African e-health startup RecoMed has joined forces with Discovery Vitality to streamline the booking process for flu vaccinations and Vitality Health Checks.

Six African fintech companies have been featured on CNBC’s prestigious list of the world’s top 250 fintech companies for 2024.

French media giant Vivendi Africa Group (GVA) has set its sights on Uganda, marking its eighth African nation with the launch of its fiber-optic internet service, CanalBox.

Uganda and Huawei have embarked on plans to build a smart village in the East African country.

Dubai’s ride-hailing app, Hala, has announced its first international expansion through a partnership with MwaslaTech, an Egyptian smart transport solutions provider.

Huawei announced a significant expansion of its digital skills training program in Sub-Saharan Africa.

Telecom Egypt, the leading telecom operator in Egypt, and 4iG Group, a prominent Hungarian IT and telecommunications group, have signed a Memorandum of Understanding (MoU) to establish a joint venture (JV) focused on building a state-of-the-art fiber network.

Africa, the second-largest continent in the world, is home to a diverse array of countries with varied demographics, cultures, and socio-economic landscapes.

Senegal’s transportation authority, the Executive Council for Sustainable Urban Transport (Cetud), and the Global Green Growth Institute (GGGI) have joined forces to optimize urban mobility in Dakar and other Senegalese cities.

Kenyan identity management startup Peleza and Y Combinator-backed Prembly have joined forces to create a new entity, the Prembly Group.

South African fintech startup Mama Money has partnered with global banking leader Access Bank and card issuing company Paymentology to launch a first-of-its-kind bank card service powered entirely through WhatsApp.

Tech leader Acer has unveiled plans to begin monitor production in South Africa, marking a major step towards local manufacturing.

Rwandan e-mobility startup Ampersand has joined forces with BYD, the world’s leading electric vehicle manufacturer, to revolutionize Africa’s motorcycle taxi industry.

Ethiopia has inaugurated its biggest electric vehicle (EV) factory in Debre Berhan, Amhara region.

Nigerian agritech startup ThriveAgric has joined forces with global payments giant Visa to empower Kenyan farmers.

The Republic of Guinea is setting its sights on accelerating the growth of its e-commerce industry through collaboration with the United Nations Conference on Trade and Development (UNCTAD).

The African Development Bank (AfDB) and tech giant Intel have embarked on a groundbreaking initiative to equip Africa with a powerful force in artificial intelligence (AI).

African tech training provider ALX Africa has joined forces with the Patoranking Foundation, established by Afrobeats artist Patoranking (Patrick Nnaemeka Okorie), to unveil a significant $500,000 scholarship program.

Accelerate Africa, a new accelerator program designed to propel early-stage African businesses has unveiled its inaugural cohort after four months of operation.

Microsoft, through its Africa Development Centre (ADC) in Kenya, has joined forces with Cyber Shujaa to upskill 100 Kenyan students in cybersecurity.

KPMG is set to host the Africa Venture Summit, an event designed to catalyze private enterprise investment across the continent.

A new alliance aims to bridge the digital divide for millions in Africa.

iHub, a leading Kenyan incubator, has announced the twelve startups chosen for the second edition of the Mastercard Foundation Ed-Tech Fellowship Programme in Kenya.

Kenyan tech startup MPost has announced the launch of their innovative electronic P.O. Box system in Rwanda.

Google has announced a landmark infrastructure project: Umoja, the first-ever fiber optic cable directly connecting Africa and Australia.

Kenyan travel tech company BuuPass is aiming to expand its reach significantly across Africa, targeting eight new markets by 2025.

Visa has unveiled the African startups selected to join the second round of its continent-wide Fintech Accelerator program.

The Republic of Congo has embarked on a major project to construct a national data center in the Bacongo district of Brazzaville.

African impact investor Secha Capital has announced the launch of the Junior Operator-Investor Network (JOIN) program.

Nigeria’s government has launched a series of ambitious initiatives aimed at transforming the country’s digital landscape, according to Communication, Innovation and Digital Economy Minister Bosun Tijani.

The Financial Times has released its list of the top 20 fastest growing companies in Africa for 2024.

MTN Rwanda is taking a groundbreaking step towards environmental responsibility with the launch of the nation’s first-ever paper-based, biodegradable SIM cards, dubbed “bioSIMs.”

South Africa took a significant step towards integrating Artificial Intelligence (AI) into its national defense and security with the launch of the Defence Artificial Intelligence Research Unit (DAIRU).

Nigerian biotech company Syndicate Bio has partnered with SOPHiA GENETICS, a leader in cloud-based healthcare software to improve access to advanced cancer diagnostics in Africa,

CatalyzU, a tech-driven platform that supports African talent, has partnered with Future Africa, a pan-African venture capital firm, to launch the “How to Startup” Fellowship.

Google is calling on African tech ventures to apply for the eighth cohort of its Google for Startups Accelerator Africa program.

Mauritius Telecom, the leading telecommunications provider in Mauritius, is spearheading the development of a new subsea cable project, dubbed T4.

IZI Rwanda, a frontrunner in electric vehicle solutions, has delivered five electric buses to Kigali, Rwanda’s capital city.

Village Capital and the Norwegian Agency for International Development Cooperation (Norad) have launched a new initiative – Empowering Sustainable Entrepreneurship Africa, aimed at bolstering climate-focused startups and strengthening entrepreneurial ecosystems.

In a bid to tackle the challenge of limited electricity access in Malawi, two startups, Green Impact Technologies (GIT) and Amped Innovation, have joined forces to bring solar power to rural households.

In a collaborative effort to propel Africa’s transition towards a sustainable future, AfriLabs, a pan-African network of innovation hubs, has partnered with Emerge Green Africa.

The Rwandan Ministry of Information Communication Technology and Innovation, alongside the World Economic Forum, launched the Centre for the Fourth Industrial Revolution (C4IR) in Rwanda, marking a first for the African continent.

Ride-hailing company Bolt has introduced electric motorcycles to its Kenyan fleet.

African mobility company MAX and Ghanaian energy network innovator Kofa have joined forces to make eco-friendly transportation more accessible across the continent.

Safeboda, a leading Ugandan ride-hailing platform, announced the launch of a new electric motorcycle option, “Electric Boda,” on its app.

BasiGo, a Kenyan electric mobility frontrunner, has inaugurated the country’s first dedicated assembly line for modern electric buses at the Kenya Vehicle Manufacturers (KVM) plant in Thika.

US-based clean energy companies Astra Energy and Powertron Global have joined forces to establish a joint venture focused on waste-to-energy projects across Africa.

Tanzania’s leading telecom operator, Vodacom Tanzania PLC (VTPLC), has solidified its market dominance by acquiring Smile Communication Tanzania Limited.

Nigeria is set to expand access to electricity in unserved and underserved areas through a $750 million loan from the World Bank.

Equity Bank and Mastercard have announced a strategic partnership that empowers Equity Bank customers to send money securely to 30 countries.

The Mastercard Foundation Fund for Resilience and Prosperity is offering a new opportunity for SMEs in the agricultural sector across Sub-Saharan Africa.

Kenya is poised to become a leader in responsible AI development in Africa, with the government partnering with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to launch a project for a National Artificial Intelligence (AI) Strategy.

Canadian pre-seed venture fund Panache Ventures has joined forces with Kora, a pan-African fintech company.

Mastercard and Women Choice announced the expansion of their existing partnership to further empower women entrepreneurs across Africa and the Middle East.

Kenya is revving up its transition to electric vehicles (EVs) with the launch of a draft National E-mobility Policy.

South Africa has taken a significant step towards attracting skilled remote workers by signing digital nomad visa regulations into law.

Ghanaian healthtech startup Rivia has announced the acquisition of Waffle, a local software-as-a-service (SaaS) company specializing in solutions for small and medium-sized businesses (SMBs).

French digital library YouScribe, owned by telecom giant Orange, has launched its services in Ghana, marking its second foray into an English-speaking African market.

Mono Technologies Nigeria Limited, a provider of open banking infrastructure for African businesses, has announced a strategic partnership with Mastercard to revolutionize digital payments across the continent.

Yango Delivery, a leading logistics platform in Africa, has announced the launch of Cargo Express, a new feature designed to improve the delivery of bulky items across the continent.

The Malian industrial conglomerate Ibi Group, known for its work in aviation, renewable energies, and irrigation systems, has expanded its operations into the urban transport sector with the launch of a new subsidiary, Angata.

Kenya has opened a center of excellence for biodiversity and climate in Nairobi.

Gebeya, a leading Pan-African talent cloud company, has announced a strategic partnership with O’Reilly, a respected provider of technology and business learning solutions, to empower African professionals in the digital age.

Nigerian fintech company LemFi has signed a strategic deal with Visa’s Cross-Border Solutions division to fuel its international expansion into key markets like China, India, and Pakistan.

Digital payments providers Onafriq and M-PESA signed an International Money Transfer Agreement to simplify how Ethiopians abroad can send money back home.

Tappi, a Kenyan digital commerce platform designed for micro, small, and medium-sized businesses (MSMEs), has announced its expansion into Côte d’Ivoire.

Ride-hailing platform Bolt has launched a new initiative in Kenya called the Bolt Accelerator Program.

Nala, a Tanzanian financial technology company, has announced the development of its own payment platform, Rafiki, to enhance its remittance services across Africa.

Microsoft Kenya’s Africa Development Centre (ADC) has launched the Women Inspiring and Nurturing Students (WINS) program.

Airtel Africa has officially begun construction on its first data center in Lagos, marking a significant milestone for the telecommunications giant.

Unlimit, a London-based financial technology company specializing in cross-border payments, announced its entry into the Tanzanian market after receiving a license from the Bank of Tanzania (BOT).

Flat6Labs, a leading seed-stage venture capital firm in the Middle East and North Africa (MENA) region, and Organon, a global healthcare company devoted to women’s health, have joined forces to launch the second cycle of the Women’s Health Accelerator Program.

In a first for the African continent, Nigerian game developer Maliyo Games has partnered with Disney Games to launch a mobile game based on the new Disney+ animated series “Iwájú.”

Kenya has signed a landmark agreement with the United Arab Emirates to develop the world’s first data center powered by geothermal energy.

Mastercard has partnered with Johannesburg-based fintech company SAVA to bolster financial inclusion for small and medium-sized businesses (SMMEs) in Africa.

In a move set to reshape the deep tech landscape, the International Finance Corporation (IFC) and Solcon Capital announced a strategic partnership to identify and support promising deep tech startups in South Africa.

In a move set to reshape the deep tech landscape, the International Finance Corporation (IFC) and Solcon Capital announced a strategic partnership to identify and support promising deep tech startups in South Africa.

HR and payroll solutions provider Deel has announced the acquisition of PaySpace, a South African company offering similar services, in a move to strengthen its global footprint.

Leading telecommunications providers Ericsson and MTN Group announced a new partnership focused on advancing sustainability, digital skills development, and education across Africa.

MTN MoMo, the mobile money arm of MTN Group, and Mastercard have announced a multi-market partnership aimed at expanding access to digital financial services across Africa.

The International Finance Corporation (IFC) has unveiled the 100 women-led startup owners chosen to participate in its She Wins Africa program.

Africa is experiencing a surge in online consumerism, becoming a key player in the global digital commerce landscape, according to a new report by EBANX, a global fintech company.

Teraco, a leading African provider of carrier-neutral colocation data centers, has announced plans to build a 120-megawatt (MW) utility-scale solar photovoltaic (PV) power plant in South Africa’s Free State province.

Gebeya, a pioneer in African tech talent development, has announced a significant shift in its focus, transitioning from a SaaS-enabled tech talent marketplace to an all-in-one talent cloud provider.

Mastercard and Glovo, a leading app connecting users with diverse services, have joined forces to combat hunger and support education in underserved communities across Kenya and Nigeria.

Ghanaian digital freight forwarder Jetstream Africa has launched Jetvision.ai, an artificial intelligence-powered platform aimed at streamlining cross-border trade across the continent.

Nigerian AgTech startup UfarmX has joined forces with Africa GreenTec, a leading provider of sustainable energy solutions to empower women farmers in Senegal through customized solutions that promote sustainable development across the country’s agricultural value chain.

The World Bank has committed $120 million to support the construction of Kenya’s first-ever vaccine production facility.

In a move set to shake up the African wholesale data landscape, Airtel Africa has announced the launch of Airtel Africa Telesonic Limited (Telesonic).

Leading on-demand delivery platform Glovo has announced the launch of the Glovo Africa Graduate Program, an initiative designed to empower and develop young Kenyan talent with aspirations in the tech industry.

Aspiring African entrepreneurs now have the chance to join a thriving community and gain valuable skills through the fourth edition of Nomfro Technologies’ Entrepreneurship Empowerment Project (NTEEP).

Kofa, a Ghanaian startup pioneering Africa’s first multi-use, swappable battery network, has announced the planned launch of its second-generation Kore 2 Swap & Go network.

In a landmark move for African connectivity, Eutelsat Group and South African satellite solutions provider Q-KON have implemented the first operational Eutelsat OneWeb Low Earth Orbit (LEO) satellite service on the continent.

Google Cloud has officially unveiled its first cloud region in Africa, situated in Johannesburg, South Africa.

London-based off-grid solar energy firm Bboxx is relocating its headquarters to Kigali, Rwanda.

Core DAO has announced the launch of the African Innovation Fund, a groundbreaking initiative to provide resources and networks to support local Web3 builders and projects across the African continent.

Paymob, the leading financial services enabler in the Middle East, North Africa and Pakistan (MENA-P), has announced a partnership with Mastercard to accelerate digital payment acceptance across the MENA region.

A baby girl named Daniella in Cameroon received the symbolic first jab, marking the world’s first-ever routine malaria vaccination program.

The United Nations Development Programme (UNDP) has launched timbuktoo, a $1 billion innovation fund aimed at backing African startups.

A game-changing partnership between Mastercard and Illicocash, the fintech arm of Rawbank, is opening doors to e-commerce for millions in the Democratic Republic of Congo (DRC).

AfDB has launched a $1 billion fund called the African Climate Risk Insurance Facility for Adaptation (ACRIFA) to insure African farmers.

E-mobility startup Mbay Mobility is embarking on an ambitious mission to electrify taxi fleets in Dakar, Abidjan, and Accra.

German biotech giant BioNTech has taken a significant step toward its ambitious goal of producing mRNA vaccines in Africa by setting up the first BioNTainer at its manufacturing facility in Kigali, Rwanda.

Techstars, a global accelerator renowned for its active investment in the African continent, has unveiled its second cohort for the Lagos-based accelerator program.

The International Finance Corporation (IFC) has announced an investment and advisory support package for Biovac, a leading South African biopharmaceutical company.

Responding to the critical need for climate resilience across Africa, the West African Development Bank (BOAD) has announced the launch of the Climate Study Fund.

Pan-African fintech leader Flutterwave has acquired 13 new money transmission licenses in the United States, significantly expanding its reach in the crucial cross-border payments market.

In a significant step towards clean energy and improved electricity access, a consortium of Development Finance Institutions (DFIs) and renewable energy fund manager Frontier Energy has announced a co-investment of over $52 million for the Planet Solar project in Sierra Leone.

Ampersand, a leading provider of electric motorbike solutions in East Africa, is expanding its battery swap network across Nairobi.

Verto, a leading London-based fintech and payment solution provider, has announced a strategic partnership with the United Bank of Africa (UBA) to streamline cross-border transactions for Kenyan entrepreneurs, small-scale businesses, and corporations.

Egyptian startup Nawah Scientific has become the first African entity to receive US-FDA accreditation for food analysis.

Vodacom, in collaboration with the Free State Department of Health, has introduced digital health solutions to enhance medical care in public hospitals across the province.

In a significant move to support Africa’s transition to green energy, Germany has committed to investing 4 billion euros (approximately $4.37 billion) in renewable energy projects across the continent by 2030.

South Africa-based Payment24, a global provider of payment and loyalty solutions, has acquired Switzerland-headquartered Inergy 24 to accelerate its expansion into the European market.

Gozem, the leading super app in Francophone Africa, has acquired Beninese fintech startup Moneex in an undisclosed deal.

Visa has selected 23 African startups for the inaugural cohort of its Visa Africa Fintech Accelerator.

Kenyan mobility startup BasiGo has received a $1.5 million grant from the United States Agency for International Development (USAID) to support the pilot testing and scale-up of its electric buses in Rwanda.

The top 10 finalists for the AfricaIgnite Pitch Competition have been announced, with five companies from Kenya and four from South Africa making the list.

MNT-Halan has become Egypt’s first unicorn after announcing a raise of over $400 million securitizationion issuances this year, solidifying its position as a leading player in the region’s financial technology sector.

The Emerging Africa Infrastructure Fund (EAIF) has committed up to XOF 30 billion (equivalent to USD ~ 48 million) to launch West Africa’s first-ever social asset-backed security.

Kenya’s President William Ruto has launched the much anticipated East Africa Device Assembly Kenya Limited (EADAK) in Athi River, Machakos County.

Pan-African digital payments network MFS Africa has joined forces with Mvola, the biggest mobile money provider in Madagascar, to pave the way for inbound international money transfers.

Ghanaian startup Kofa, a pioneer in battery network solutions, has teamed up with TAILG Group, a prominent electric vehicle (EV) brand hailing from China, to launch the Jidi electric motorcycle.

Kuramo Capital Management, a prominent investment management firm with a focus on Sub-Saharan Africa (SSA), has announced its ambitious plan to invest $150 million in supporting female-led startups throughout the African continent over the next decade.

OceanHub Africa, a business accelerator for environmentally conscious startups, has concluded its fourth cohort with a boot camp for the six startups participating in the eight-month program.

Endeavor and FMO, the Dutch entrepreneurial development bank, have announced the launch of the second cohort of their African Agritech Accelerator program.

E-commerce giant Amazon has disclosed its plans to launch Amazon.co.za in 2024.

Andela, an Africa-focused talent outsourcing startup, has launched Andela Talent Cloud, an integrated end-to-end platform that connects skilled individuals with businesses, transforming the hiring process for tech companies and talents.

Flutterwave, a leading African payments company, has entered into a five-year technology collaboration with Microsoft to build an upgraded platform on Microsoft Azure.

TymeBank, a South African digital bank, has reached the 8 million customer milestone in just four years, a significant achievement for the rapidly growing financial institution.

ThriveAgric, a Nigerian agritech company, has announced a new initiative to empower 125,000 farmers across the country financially.

Koree, a Cameroonian fintech company, has been crowned the winner of the 2023 Ecobank Fintech Challenge.

Baobab Network, a pan-African venture capital firm, has announced the launch of its Accelerator Programme for African Startups.

Auto24, an Ivorian used car marketplace, has announced its expansion into four new African markets: Morocco, Rwanda, Senegal, and South Africa.

Cassava Technologies, a pan-African technology company, and Atlas AI, a leading provider of artificial intelligence (AI) solutions, have announced a partnership to accelerate digital transformation in Africa.

The African Development Bank (AfDB) and Google have announced a new collaboration to support digital transformation in Africa.

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) announced the 24 finalists for its 2023 AWIEF Awards.

The Microsoft-backed FAST (Foundation for African Startups and Technology) Accelerator has announced the selection of 12 promising startups from across Africa for its highly competitive AI program.

Turaco, Africa’s tech-enabled affordable insurance company, has acquired MicroEnsure Ghana from MIC Global.

ROAM, a Kenyan electric vehicle (EV) company, has introduced the Move, an all-electric shuttle bus that is the first of its kind to be built entirely in Kenya.

Swedish automaker Volvo Cars and Egyptian bus manufacturer Manufacturing Commercial Vehicles (MCV) have signed an agreement to manufacture electric bus bodies in Egypt for export to Europe.

Egyptian fintech startup Qardy has announced a strategic partnership with microfinance company Sandah to provide micro, small, and medium enterprises (MSMEs) with greater access to financing.

Joliba Capital, a private equity firm focused on investing in SMEs in West Africa, has announced the first close of its Joliba Fund I at $59m.

Interswitch, a leading payments company in Nigeria, has partnered with Google Pay to bring the popular mobile payment service to Nigeria.

AltSchool Africa, a leading provider of creative and business education in Africa, has launched two new schools in Lagos and Abuja.

The United Arab Emirates (UAE) has pledged $4.5 billion to help African countries transition to clean energy.

Itana, a Nigerian startup that is building Africa’s first Digital Free Zone, has raised $2 million in pre-seed funding.

Google has announced the appointment of Alex Okosi as Managing Director for Africa.

Asaak, a leading Ugandan fintech company, has acquired FlexClub, a Mexican startup that provides car financing for Uber drivers.

Ride-hailing giant Uber has launched an electric motorbike service in Kenya, its first in Africa.

Black Ostrich Ventures, a US-based venture capital firm, has launched a $20 million fund to invest in startups outside of the four major African markets: Nigeria, South Africa, Egypt, and Kenya.

The United States Agency for International Development (USAID) has launched a $49 million healthcare project in Ethiopia.

Moroccan health-tech firm Sobrus has announced a significant expansion into the French market after achieving a remarkable milestone of surpassing $500 million in transaction volumes.

Flat6Labs, Egypt’s premier startup accelerator and seed investor, has announced the launch of an accelerator programme exclusively tailored for construction technology startups.

Moniepoint Inc., a Nigerian fintech company, has received regulatory approval to acquire Kopo Kopo, a Kenyan credit startup. The transaction value has not been disclosed.

Kenyan electric vehicle (EV) manufacturer Basigo has introduced its highly anticipated E9 Kubwa electric bus model.

The 4th edition of the “Future is Female Mentorship Programme” has unveiled its selection of 20 pioneering startups led by women entrepreneurs.

Kenyan startup Lipa Later has entered into a strategic partnership with Mastercard to accelerate the adoption of Buy Now, Pay Later (BNPL) solutions throughout Africa.

Antler, the globally renowned early-stage venture capital firm, is expanding its horizons to North Africa by launching a transformative $60 million early-stage fund.

Bboxx, a leading provider of clean energy solutions, has joined forces with Spiro, a prominent electric mobility company, to accelerate the adoption of electric vehicles (EVs) in three African countries.

Roam, a leading electric mobility firm, has officially inaugurated its state-of-the-art factory in Nairobi. The facility will manufacture 50,000 electric motorbikes annually.

BioNTech, the renowned German biotechnology company, has finalized the acquisition of Tunisia’s artificial intelligence (AI) startup, InstaDeep, in a deal worth $550 million.

Safaricom, Kenya’s leading telecommunications giant, has revealed its ambitious plan to bolster the tech startup ecosystem by launching two new subsidiaries.

AfriLabs, one of Africa’s largest networks of technology and innovation hubs, has joined hands with the United States Department of State to tackle the climate crisis in Africa through entrepreneurship.

Rwanda’s vision for a greener and more sustainable future takes a giant leap forward as BasiGo, a renowned electric vehicle manufacturer, announces its plans to bring electric buses to the streets of Rwanda.

Mastercard has partnered with Alerzo, a fast-growing Nigerian startup, to digitize African SMEs. The collaboration aims to drive financial inclusion and support the growth of the sector.

The funding injection aims to accelerate the expansion of clean energy access across the East Africa region and marks a significant milestone in the company’s mission to drive sustainability and economic growth

Africa50, an investment platform that finances infrastructure projects in Africa, and the International Solar Alliance (ISA), an intergovernmental organization that promotes solar energy in developing countries, have signed a partnership agreement to finance solar energy projects in Africa.

Zambia-based solar energy company, MYSOL, has secured $7.5 million in funding to accelerate the deployment of off-grid solar electrification projects across the country.

The funding will be utilized to expand EastCastle’s telecom towers network across the Democratic Republic of Congo (DRC), bolstering connectivity and improving access to telecommunications services in the country.