Tag: Startup News

Climate Fund Managers (CFM) and Ivorian energy company Société des Energies Nouvelles (SODEN) have entered into a $3 million development funding agreement to advance the Divo Biomass Project.

The Nigerian government, in collaboration with the Bill & Melinda Gates Foundation, has inaugurated the Nigeria Artificial Intelligence (AI) Scaling Hub.

The Nigerian government, in collaboration with the Bill & Melinda Gates Foundation, has inaugurated the Nigeria Artificial Intelligence (AI) Scaling Hub.

Incofin Investment Management, through the Nutritious Food Financing Facility (N3F) and in partnership with the Global Alliance for Improved Nutrition (GAIN), has invested in three food companies in East Africa: Soy Afric in Kenya, and Mkuza Chicks and Rainbow Haulage in Tanzania, to boost nutrition and food security in the region.

COREangels MEA, in collaboration with PTS Investments Holdings and the Arab Academy for Science, Technology and Maritime Transport (AAST), has introduced a $10 million investment fund aimed at supporting early-stage technology startups across the Middle East and Africa (MEA).

The African Development Bank (AfDB) has announced a historic $11.1 billion in new investments for the 2024–2025 period, marking the highest annual commitment in its history.

Kenyan digital health startup MYDAWA has secured a $9.6 million investment from Denmark’s Investment Fund for Developing Countries (IFU) to expand its pharmacy network and digital healthcare services across East Africa.

Swedfund, Sweden’s development finance institution, has committed $10 million to Novastar Ventures’ Africa People + Planet Fund III (NVIII), a venture capital fund targeting early-stage businesses in Africa.

The African Development Bank (AfDB) has committed $100 million to Arise Integrated Industrial Platforms Ltd (ARISE IIP), a leading developer and operator of industrial zones in Africa.