Biovac & 9 development consortium team up to push vaccine production in SA

To accelerate the COVID-19 manufacturing capacity across South Africa and limit the dependence on imports, a consortium of nine finance and development institutions have reportedly declared collaborating with Biovac in Cape Town. Apparently, the South African continent will support expansion of vac

Tanzania aims to become a hub for digital innovation & economy in Africa

Tanzania’s ambition of becoming a center for digital economy and innovation across Africa is about to become a reality with the rolling out of new strategies by the government. Reportedly, stakeholders at the third Innovation and Tech Forum conference organized by the Media Convergence in par

AgDevCo nabs $90M DFI funding to invest in African agribusinesses

AgDevCo, a social impact investor and project developer based in Africa, has recently announced a $90 million package of new funding from the Norfund, CDC Group, and DFC, which will empower it to continue its growth in investment activities in agriculture across Sub-Saharan Africa. Notably, this is

Iran, Qatar sign 14 major deals during President Raisi’s Doha trip

Qatar and Iran have reportedly signed 14 new agreements while Iranian President, Ebrahim Raisi, was in Doha for a two-day trip this week. President Raisi was visiting Qatar accompanied by his oil minister, Javad Owji, as well as his foreign minister, Hossein Amirabdollahian, to participate in the G

AEC and PLC collaborate to create Africa-focused energy content

With partnerships and collaborations rising each day to curate advanced innovations and experiences, the African Energy Chamber (AEC) and Pure Language Communications limited (PLC) announced signing an MoU (Memorandum of Understanding) to enhance the energy sector in the continent. Inked by NJ Ayuk

Flutterwave closes $250mn Series D, triples valuation to over $3bn

African fintech startup, Flutterwave, has reportedly raised $250 million in its latest Series D funding round, tripling its valuation to over $3 billion in only twelve months. The round was led by B Capital Group and saw the participation of Whale Rock Capital, Lux Capital, and Alta Park Capital, a

CGEM & BusinessEurope to revive Morocco-EU trade & investment agreement

With growth and development steaming across the world, nations are establishing new partnerships and reviving the old ones to incorporate new strategies for progress. Following the trend, Chakib Alj, President, General Confederation of Moroccan Enterprises (CGEM) announced reinvigorating the Morocco

Stitch raises $21 Mn for API expansion and integrated financial platform

In a recent development in the fintech space, Stitch, one of the leading players developing and operating the APIs across Africa, has confirmed raising $21 million in a Series A funding tranche. Imperatively, inclusive of the $4 million stealth funding and the $2 million extension round, Stitch has

BasiGo raises $4.3M in seed funding to provide electric buses in Kenya

Kenyan electric vehicle (EV) startup, BasiGo, has reportedly secured more than $4.3 million in its latest seed funding round to accelerate the launch of its clean-energy buses in the country that relies heavily on fossil-fuel transit vehicles. The startup, which debuted three months ago in East Afr