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Tag: Investment News
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Ugandan Ride-Hailing App SafeBoda Launches Electric Motorcycles
Safeboda, a leading Ugandan ride-hailing platform, announced the launch of a new electric motorcycle option, “Electric Boda,” on its app.
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BasiGo Opens Kenya’s First Electric Bus Assembly Line
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.
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Rwanda Gets €100 Million European Investment Bank For Sustainable Agriculture
The European Investment Bank (EIB) and Bank of Kigali have joined forces to provide a €100 million financing package for agroecological projects in Rwanda.
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Clean Energy Firms Astra Energy and Powertron Global Team Up to Tackle Waste in Africa
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.
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Vodacom Tanzania Acquires Smile Communication For $27.4 Million to Boost 4G and 5G Rollout Plans
Tanzania’s leading telecom operator, Vodacom Tanzania PLC (VTPLC), has solidified its market dominance by acquiring Smile Communication Tanzania Limited.
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Kenyan Agritech Startup Pula Secures $20 Million to Expand Climate Insurance for Smallholder Farmers
Kenyan agricultural technology company Pula has secured $20 million in a Series B funding round.
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Nigeria to Provide Solar Subsidy For Underserved Areas with World Bank Backing
Nigeria is set to expand access to electricity in unserved and underserved areas through a $750 million loan from the World Bank.
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Equity Bank and Mastercard Partner to Streamline Cross-Border Money Transfers for Kenyans
Equity Bank and Mastercard have announced a strategic partnership that empowers Equity Bank customers to send money securely to 30 countries.
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Mastercard Foundation Launches Agribusiness Challenge to Empower SMEs in Africa
The Mastercard Foundation Fund for Resilience and Prosperity is offering a new opportunity for SMEs in the agricultural sector across Sub-Saharan Africa.