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ClusterLab, a Tunisian-born artificial intelligence (AI) startup headquartered in the United Arab Emirates (UAE), has secured $600,000 in a pre-seed funding round.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

Impact Fund Denmark has declared a new $15 million investment in the Verdant Capital Hybrid Fund (VCHF) to expand financing for small businesses and entrepreneurs across Africa.

Norrsken22, an Africa-focused venture capital firm, has closed its first African technology growth fund at $205 million, surpassing its target of $200 million.

Kenyan e-mobility firm BasiGo has secured a new investment from Proparco, the private-sector arm of France’s development finance institution, accelerating the company’s mission to expand electric bus services across Africa.