Siemens Did you know that the digital gap in Africa remains a significant challenge, with internet penetration estimated to be around 39.3%
The facility will provide the necessary financial resources to support the growth and development of private sector operations in Africa, which will, in turn, create more jobs, increase productivity, and foster inclusive economic growth. The loan will support various private sector operations, including infrastructure development, agribusiness, energy, and manufacturing. It will also provide financing for small and medium-sized enterprises (SMEs) in Africa, which is critical to job creation and economic growth.
Nigeria is advancing its electric vehicle (EV) industry through a strategic partnership with a Moroccan company, aiming to drive local manufacturing and reduce dependence on imported vehicles.
In a move set to reshape the deep tech landscape, the International Finance Corporation (IFC) and Solcon Capital announced a strategic partnership to identify and support promising deep tech startups in South Africa.
Kenyan mobility startup BasiGo has received a $1.5 million grant from the United States Agency for International Development (USAID) to support the pilot testing and scale-up of its electric buses in Rwanda.
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