Tag: Infrastructure Development
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E-mobility firm Roam opens factory in Kenya to manufacture 50,000 electric bikes annually
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.
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BioNTech completes $550 million acquisition of Tunisian AI startup InstaDeep to bolster AI-powered drug discovery
BioNTech, the renowned German biotechnology company, has finalized the acquisition of Tunisia’s artificial intelligence (AI) startup, InstaDeep, in a deal worth $550 million.
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Kenya’s leading telco Safaricom to start investing in tech startups via new funding ventures
Safaricom, Kenya’s leading telecommunications giant, has revealed its ambitious plan to bolster the tech startup ecosystem by launching two new subsidiaries.
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AfriLabs partners with the U.S. Department of State to tackle climate crisis in Africa through entrepreneurship
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.
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BasiGo to Spearhead Rwanda’s Electric Mobility Revolution with the Introduction of Electric Buses
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.
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Mastercard teams up with Nigerian B2B e-commerce platform Alerzo to digitize African SMEs
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.
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Nigerian fintech startup Kuda hits 6 million customer milestone as it continues to redefine financial inclusion in Africa
Founded in 2019, Kuda has rapidly evolved into one of the most prominent fintech startups in Africa, offering innovative financial solutions and reshaping the way individuals access and manage their money.
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Solar energy company Starsight Energy secures $20 million to power East Africa with solar energy
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
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Rensource Energy, one of the leading Nigerian distributed energy services companies, has secured $15 million in funding from Afrigreen Debt Impact Fund SLP
The investment is set to fuel Rensource’s expansion plans and strengthen its position as a key player in the country’s solar energy market.