SNEL inks a deal to install 200 MW solar fields in Congo's copper belt

Societe Nationale dElectricite (SNEL), the national electricity company of the Democratic Republic of Congo, has reportedly signed two purchase agreements for a total 200-megawatt solar power with a local unit of Financing Access Congo. The China-based Green Power Capital investment has t

Gabon to be first African nation to be paid to protect its rainforests

Gabon has reportedly become the first country in Africa to get paid to reduce carbon emissions by protecting its rainforest. As per reliable sources, the UN-supported Central African Forest Initiative (CAFI) has extended the first $17 million-tranche to the country as part of a $150 million deal, wh

Mysterious diamonds unearthed in South Africa revealed to be Quartz

Unidentified gemstones in South Africa that had compelled thousands of fortune seekers to travel to a remote village to mine the land with shovels and picks were found to be low-value quartz crystals and not diamonds, according to officials. For a while, people from South Africa have been traveling

Kenyan foodtech startup Kune raises USD 1 million for meal service

Kune, a Kenya-based startup, has reportedly raised USD 1 million in pre-seed funding to unveil its ready-to-eat food meal service starting August. Launch Africa Ventures, a VC firm capturing the Africa market, initiated the pre-seed round. While Consonance and Century Oak Capital GmbH are other inve

G7 partners pledge over $80 billion towards Africa’s private sector

G7 countries and multilateral partners have reportedly pledged an $80 billion investment in the private sector of the African continent. This investment would supposedly roll out over the coming five years. Through this commitment, the G7 Development Finance Institutions (DFIs), with UK’s CDC

Africa Roundtable shifts focus on improve Europe-Africa relations

The Africa Roundtable forum, held in Berlin, brought together the who’s who of business, politics, and civil society, who reportedly met to chart out new ways for Africa and Europe to work together. Experts hint at a need to change the course and focus on creating new channels of employment.

CCBA partners with Flintfox & Microsoft to boost digital transformation

Coca-Cola Beverages Africa (CCBA) has reportedly announced a partnership with Flintfox- the pricing and rebate management specialists and Microsoft to advance its technology. The initiative falls under the ongoing project to support digital transformation across its bottling platforms. Notably, the

Gokada to launch ride-hailing service in Nigeria as part of super app

Ride-hailing company Gokada has announced its plans to launch ride-hailing services in Nigeria as part of its ‘super app’. According to reports, the Gokada super app would enable customers across these cities to use food delivery, logistics, and e-commerce (groceries and medicines among

African fintech startup OPay to raise $400 million to fuel expansion

OPay, a leading Africa-focused fintech firm with Chinese backers is reportedly in talks to raise as much as $400 million in funding. The planned fundraising round comes two years after the fintech firm announced two funding rounds in 2019, a $120 million Series B in November, and a prior one in June