USTDA grants $1 Million to support battery storage project in Africa

The United States Trade and Development Agency (USTDA), an independent body of the US government, has reportedly issued a grant of just under USD 1 million to support feasibility studies for large-scale battery storage schemes in Senegal and Mozambique.

Paystack officially launches in South Africa post Stripe acquisition

Paystack, a Nigerian fintech startup that powers businesses with payment API, has announced its official launch in South Africa following its acquisition by fintech giant Stripe in 2020. The launch was preceded by a six-month pilot, indicating that the project was commenc

Lami raises $1.8 million to promote digital insurance across Africa

Kenya-based startup, Lami Technologies has reportedly raised $1.8 million in seed funding. The insurance company is planning to direct these funds towards promoting their digital insurance platform and accelerating insurance uptake in Africa.

Carry1st secures $6Mn funds to set foot in Africa’s gaming market

The company will focus on partnering with global gaming studios and expanding its product portfolio

Carry1st, an Africa-centric mobile game publisher, has reportedly bagged USD 6 million in funds to enter the regi

Kaspersky teams up with DataGroupIT to expand in West Africa

Russian cybersecurity firm, Kaspersky has initiated a partnership with DataGroupIT to gain access to new markets in Nigeria and Ghana. The partnership between the two cybersecurity firms will help Kaspersky enhance its rapidly expanding footprint in Africa a

Banks, partners pledge $17 billion to boost food security in Africa

A group of multilateral development banks and their development partners have reportedly pledged more than $17 billion to improve food security and overcome rising challenges of hunger on the continent.

These funds were announced o

IronRidge bags £12Mn to support gold and lithium projects in West Africa

IronRidge Resources, an Africa-focused minerals exploration company, has announced that it has secured £12 million (nearly USD 17 million) via a subscription for and the placement of, in total 60,000,000 new stakes in the Company priced at 20 pence per share.

Amazon to pump R4 billion to set up new headquarters in South Africa

Expanding its presence into newer markets, U.S. retail giant, Amazon has revealed its plans to infuse real estate investments of over R4 billion for opening its first headquarters in South Africa. According to authorities in Cape Town, Amazon will be setting up a new

South Africa devises expansion strategy for Port of Durban

South African authorities have reportedly devised a USD 7 billion-plan for the modernization of the Port of Durban. The initiative looks to enhance the site’s efficiency and reclaim its standing as Africa’s best-performing port.

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