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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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funding
Multichoice Nigeria Loses 243,000 Subscribers in Six Months Due to Economic Challenges
Egyptian Startup Teradix Wins $140K Grant for Saudi Expansion
Sahel Capital Invests $1 Million to Accelerate Growth of Ugandan Coffee Exporter Sukuma Ventures
African Development Bank Unveils $75 Million Financing Package to Support ETG’s Expansion in Africa
Harvard’s $55K New Venture Competition Now Open for African Startups
UK Pledges $5.2 Million Investment to Support Kenya’s SMEs with New Debt Fund
Jumia Reports $20 Million Operating Loss in Q3 2024 Amid Revenue Decline
FAAC Revenue Surges to N6.28 Trillion in Q2 2024 as VAT and Import Duties Boost Earnings Amid Low Oil Revenue
NetOne Introduces Affordable $1-a-Month Healthcare Plan in Zimbabwe
Nigeria, Morocco, and ECOWAS Progress on $26 Billion African Gas Pipeline Project to Boost Regional Energy
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