The Empower Africa Business Platform is Now Live !!!
The Baobab Network, a Nairobi-based accelerator and investment firm, has invested $50,000 into five promising African startups
The move significantly boosts the continent’s entrepreneurial ecosystem and reflects The Baobab Network’s commitment to supporting and nurturing innovative ventures across Africa. The Baobab Network, known for its focus on early-stage startups, provides selected entrepreneurs with mentorship, tailored training, and access to an extensive network of investors and industry experts.
By investing in these startups, The Baobab Network aims to foster their growth, enhance their market viability, and increase their chances of success. The five startups selected for investment demonstrate diverse solutions, addressing key challenges across various sectors.
AfDB has launched a $1 billion fund called the African Climate Risk Insurance Facility for Adaptation (ACRIFA) to insure African farmers.
The investment aims to modernize healthcare services, improve access to quality care, and foster digital transformation in the country’s healthcare sector.
Ethiopia has inaugurated its biggest electric vehicle (EV) factory in Debre Berhan, Amhara region.