News

The Beyond the Grid Fund for Africa announces upcoming funding round for Uganda

02-01-2023 | 12:38:43
The Beyond the Grid Fund for Africa (BGFA) will open a second funding round for Uganda at the end of February 2023.

Egyptian fintech company MNT-Halan secures $400 million in new funding

02-01-2023 | 11:52:48
Following the completion of these investments, MNT-Halan’s valuation will exceed $1 billion.

AfDB, Government of Canada announce funding facility to grow agriculture small and medium enterprises

02-01-2023 | 11:39:46
The Agri-food SME Catalytic Financing Mechanism aims to catalyze and de-risk investment for agriculture SMEs, as well as strengthen agricultural value chains and improve food security across the continent.

Spotcovery, serving as a bridge between African Americans and Africans, launches optimization tool on site

02-01-2023 | 11:39:00
Spotcovery, the innovative media platform that connects descendants of the African continent while promoting culture, creativity, entrepreneurship and economic growth, has launched the Slickstream optimization tool on its website.

Sasol and the ACED-IDEAS-REATILE Consortium to sign Power Purchase Agreement

02-01-2023 | 10:26:00
Sasol and the ACED-IDEAS-REATILE Consortium sign Power Purchase Agreement (PPA) for long-term renewable power to Sasolburg

CellPoint Digital partners with Akwaaba to scale grocery e-commerce

02-01-2023 | 09:45:12
CellPoint Digital, the London-based pioneer of Payment Orchestration, has announced it is partnering with Akwaaba, a multinational food, grocery and household goods retailer.

Heifer International to partner with Mastercard to empower millions of smallholder farmers in Africa

02-01-2023 | 09:07:37
Heifer International and Mastercard have announced an agreement to connect millions of smallholder farmers in Sub-Saharan Africa to Mastercard's Community Pass – a digital platform that makes it safer and easier for farmers to get paid more and faster for their produce.

[South Africa] Teraco secures R11.8 billion syndicated loan to finance growth

02-01-2023 | 08:07:54
The growth funding is for the expansion of Teraco’s key interconnection hubs located within the Isando, Bredell, and Cape Town campuses, and a significant renewable energy generation programme.

Coalition for Digital Africa announces internet exchange point initiative

02-01-2023 | 08:05:37
This latest initiative will focus on enhancing five existing Internet exchange points (IXPs), to improve Internet access by making it faster and more affordable, thus positively impacting Internet users in the regions they are placed in.

Sustainable Energy Fund for Africa commits $1 million to drive electric mobility shift in seven African countries

02-01-2023 | 07:49:49
The Sustainable Energy Fund for Africa (SEFA) of the African Development Bank Group will provide a $1 million technical assistance grant to the Green Mobility Facility for Africa (GMFA).

Workonline Communications establishes new point-of-presence in Nigeria

02-01-2023 | 07:42:43
The new megaPoP went live late last year, ready to provide 10 Gbps and 100 Gbps services at Rack Centre in Lagos, West Africa's best-connected datacentre.

[Kenya] Finsbury Trading bets on SAP Business One to boost operations

01-31-2023 | 11:24:00
With the previous system, the company struggled with interbranch and regional reporting, order processing, and visibility, as well as business controls and approvals.

Telecom Egypt confirms new spectrum package

01-31-2023 | 09:25:00
The company viewed this as a strategic move to support heavier traffic from a growing customer base while cost-effectively improving service speed and quality.

[Kenya] Capital Markets Authority licenses four new coffee brokers

01-31-2023 | 09:22:42
The coffee brokers were licensed under the Capital Markets (Coffee Exchange) Regulations, 2020. This brings the number of coffee brokers so far licensed by CMA to ten.

Adenia Partners announces $300 million first close for fund V

01-31-2023 | 09:20:57
The Fund exceeded its first close minimum threshold, achieving 75% of its target size, and attracting institutional and commercial investors who have invested in previous Adenia funds, as well as new investors.

South Africa supports calls for global co-operation to boost trade and address economic challenges

01-31-2023 | 09:18:37
World leaders and corporate executives expressed hope that the looming recession facing the global economy could be avoided if countries collaborated to boost global trade and investment.

Ghana begins receiving payments for reducing carbon emissions in forest landscapes

01-31-2023 | 09:04:01
Ghana has become the second country in Africa after Mozambique to receive payments from a World Bank trust fund for reducing emissions from deforestation and forest degradation, commonly known as REDD+.

Chariot acquires ENEO's water production business to deliver clean water solutions in Africa

01-31-2023 | 08:24:00
Chariot announced it has entered into a sales agreement for the acquisition of the business and assets of an independent water producer, ENEO, an African company focused on delivering clean water solutions using renewable energy.

Aleph Hospitality continues Africa expansion with new upscale hotel in Ghana

01-31-2023 | 08:06:00
Dubai-based independent hotel management company, Aleph Hospitality, has signed an agreement to operate The Pelican Hotel in Accra, marking the Group’s first entry into Ghana.

Orange Esport Experience 2023 edition in Abdjan

01-30-2023 | 15:33:00
Orange, a major partner of Esport in Africa and the Middle East is organizing the regional grand final of the pan-African “Orange Esport Experience” championship on January 28 and 29, 2023, in Abidjan.