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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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funding
Safaricom Teams Up with Cloudflare and Copycat to Deliver Affordable Cybersecurity Solutions for Kenyan Businesses
IMF Approves $8 Billion Aid Package for World’s Poorest Nations
Jumia Shuts Down Operations in South Africa and Tunisia to Double Down on Nigeria and Key Markets
Foreign Investments in Nigeria’s Telecom Sector Reach $304 Million in First Half of 2024
Nigeria’s Inflation Rate Climbs to 32.70% in September, Driven by Petrol Price Hikes
Endeavor South Africa Secures $11Million in Initial Close of Harvest Fund III to Boost High-Impact Startups
Rabbit Mobility Secures $1.3M to Supercharge North African Expansion
World Bank Grants $2 Million for Liberia’s First Utility-Scale Solar Power Project
Lendsqr Fintech Launches ₦1 Billion Boost for Lending Businesses with New Working Capital Facility
Valency International Secures $50M Trade Facility from IFC and Absa to Boost African Agricultural Exports
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