Tag: Startup News

Tech giant Microsoft has announced a $70 million investment in the South African economy over the next decade.

A landmark digital transformation initiative for Kenya has been announced, with Microsoft and UAE-based artificial intelligence (AI) leader G42 pledging an initial investment of $1 billion.

TowerCo of Africa Tanzania (TOA Tanzania), a telecommunications infrastructure provider, has signed a $30 million financing agreement with British International Investment (BII) to bolster its network across the country.

Glint, a prominent Egyptian venture capital firm, has secured an initial $3 million for its second fund, targeting early-stage startups.

South Africa’s Free State province is taking a major leap towards electric mobility with a $234 million investment in the world’s first network of solar-powered electric vehicle charging stations.

The Electrification Financing Initiative (ElectriFI), funded by the European Union, has made its first investment in the African ecological mobility sector, committing $1.6 million to Ugandan startup Gogo Electric (formerly Bodawerk).

African electric vehicle (EV) leader Spiro announced a significant boost to its expansion plans with a $50 million debt financing agreement signed with Afreximbank, the pan-African multilateral financial institution.

OpenseedVC, a recently launched venture capital firm, has secured an initial closing for its $10 million early-stage fund.

d.light, a company providing essential household products and financing to low-income communities, has announced a project to equip Ugandan refugee camps with solar home systems.