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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
Nigeria’s Bank of Industry Announces N38.7 Billion Disbursed to Support Nano Enterprises through Trade Grant Program
IMF Cuts Borrowing Costs by 36%, Saving Nations $1.2 Billion Annually
South Africa’s Mustek acquires majority stake in cybersecurity firm CyberAntix for $1.1 million
Mdundo sets sights on major expansion in Kenya, projecting over $1 million in artist royalties by 2025
AfricInvest’s Health Fund surpasses $111 million, outpacing expectations and fueling the future of healthtech across Africa.
NTCSA Commits $6.3 Billion to Strengthen South Africa’s Grid for Renewable Energy Growth
Nigeria’s Capital Importation Plummets 22.85% in Q2 2024, Falling from $3.37 billion to $2.6 Billion-NBS
MacArthur and Ford Foundations Unveil $20Million Initiative to Bolster Democracy in West Africa
Fintechs Dominate as African Startups Secure a Massive $138 Million in Funding for September 2024
Equator Africa Secures $5 Million to Drive Climate Tech Innovation Across Africa
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