NBA establishes Africa business unit with nearly $1 billion valuation

The National Basketball Association (NBA) has reportedly established its Africa business entity. The latest incorporation has seemingly been backed by former players, including Grant Hill, Dikembe Mutombo, and Junior Bridgeman. As per reports, NBA Africa has been created to run the league’s o

Team Europe presents Africa with new healthcare financing platform, SHIRA

In a bid to accentuate the conditions of healthcare funding and technical support in the African economies, a European team has stepped up to introduce a new healthcare financing platform to help political as well as development finance partners to strengthen and coordinate health security and resil

Saudi pledges $1 billion support for Africa’s post-pandemic recovery

Saudi Arabia has reportedly pledged support to African countries with $1 billion worth of loans and investments this year. Saudi Crown Prince Mohammed bin Salman stated that the investment would be directed to help the African economic recovery following the COVID-19 pandemic, as per reports. At a

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. Notably, these large-scale battery storage pr

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 commenced

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. A seed-stage investor, Accion Venture Lab, which support

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 region’s emerging billion-dollar gaming industry. Notably, Carry1st offers a comple

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 as well as empower customers to l

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 on the last day of Feeding Africa: leadership to scale up successful