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OPEC Fund Invests $30 Million in Egypt’s Largest Onshore Wind Farm
World Bank Forecasts Nigeria’s GDP to Climb: 3.5% Growth in 2025, 3.7% by 2026
FARO Raises $6M to Transform Affordable Fashion and Tackle Textile Waste in Africa
United States and Nigeria Agree to Transfer $52.88M in Forfeited Corruption Proceeds for Nigerian Development Projects
Historic Milestone: Nandi-Ndaitwah Becomes Namibia’s First Female President
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STARTUPS
MoneyHash Raises $5.2M to Transform Fintech in MENA Region
South Africa’s Naked Raises $38M to Revolutionize Insurance with AI and Automation
SeamlessHR Secures $9M Series-A Extension to Power Bold African Growth
Ilara Health Secures $1 Million DFC Loan to Transform Kenya’s Healthcare Sector
South African Conservio Raises $1M to Redefine Nature-Based Travel Experiences
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PUBLIC SECTOR
Nigeria’s Public Debt Hits N142.3 Trillion in Q3 2024, Soaring by N8.02 Trillion
OPEC Fund Invests $30 Million in Egypt’s Largest Onshore Wind Farm
DOB Equity Invests in Spouts International, a Ugandan Water Filter Company
United States and Nigeria Agree to Transfer $52.88M in Forfeited Corruption Proceeds for Nigerian Development Projects
Amazon Web Services Adopts Naira for Seamless Nigerian Transactions
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African Development Bank Pours $13.15 Million Into Burundi for Water Revolution and Climate Resilience Boost
Africa’s Leading B2C E-commerce Powerhouse, Copia Global, Surges Ahead with an Impressive $20 Million Boost in Latest Funding Round
The 10 Sectors Where Investors Are Making Millions from African Startups
Equity funding experiences a deceleration, debt financing has surged to $1.1 billion, marking a substantial increase in financial support for various ventures.
A surge in African startups is turning to debt financing amid a decline in equity funding.
The United Nations cautions of a substantial deficit in funding amidst a growing number of global crises.
Mistral, a French artificial intelligence startup, has achieved a valuation of $2 billion following a successful funding round.
Pontera secures $60 million in funding to enhance retirement options for individuals in the United States.
Bujeti successfully raises $2 million in seed funding to transform corporate spending across Africa
Cedar Crest College is actively addressing the gender gap in STEM fields with the support of a $750,000 NASA grant.
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