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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
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
Nigeria and U.S. Partner on $2Million Deal to Extend Fibre Optic Network by 90,000km
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InDrive, the ride-hailing platform, has recently introduced a new venture and mergers and acquisitions (M&A), allocate investments of up to $100 million
Pricepally, an online grocery startup, is poised for expansion in Nigeria with the backing of a $1.3 million investment.
Wits University obtains $300,000 research funding for studies on Digital Transformation.
Venture capital funding has faced challenges and setbacks this year, contributing to a less-than-ideal environment for investment.
The EU raises its humanitarian assistance for Gaza by an additional €25 million.
Black business owners have been given $25,000 grants to help expand their enterprises.
The co-founders of Skype and Flutterwave support a $205 million tech fund for Africa.
In July 2023, African startups secured funding totaling $123.4 million.
The National Museum of the American Latino, part of the Smithsonian Institution, has been awarded a $10 million grant from Lilly Endowment Inc.
Paul Nnaluo and Andrew Mpashi, along with eight others, receive a $50,000 grant from Sahara Group.
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