Category: Business

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, 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

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

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

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

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

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. Reportedly, mining holding giant

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 development in River Club where

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. According to reports, Cyril Ramaphosa, the President of So