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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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The founders of Skype and Flutterwave are supporting a $205 million tech fund for Africa
The National Institute of Health has declared $3million funding for Alzheimer’s research in Africa.
AFEX, a Nigerian commodities startup, secures $26.5 million in funding from BII.
The National Museum of the American Latino, part of the Smithsonian Institution, has been awarded a $10 million grant from Lilly Endowment Inc.
Biden and Harris have revealed a $3 billion increase in funding to support Black-owned businesses.
BluePeak Private Capital has successfully completed the fundraising of a $156 million fund aimed at providing financial support to businesses in Africa.
Goodwell Leads $1.5 million Extension Round For Emerging Market nsurtech Inclusivity Solutions
The Mastercard Foundation Fellowship on Entrepreneurship for African students and recent graduates, hosted by Jim Leech, will be available in 2024.
In its tenth cohort, 100X. Venture Capitals(VC) has made investments totaling $2.3 million in 15 startups.
YouTrip secures $50 million in funding for its payment platform: A summary of recent startup funding activities.
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