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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.

Okra, a solar technology company bringing solar power to grids in developing areas, has raised $12 million in Series A funding.

The African Development Bank (AfDB) has committed $15 million to a private equity fund managed by SPE Capital, in a move aimed at expanding financing for growing businesses across the continent.

Visa has announced investments in four fintech startups that recently graduated from its Africa Fintech Accelerator program.