Jaguar New Energies (JNE) has received $10 million from responsAbility Investments AG to finance a portfolio of solar installations to commercial and industrial (C&I) off-takers in South Africa implemented by New Southern Energy. The funding consists of a senior and junior debt facility to help catalyze the scaling of JNE’s…
Author: Oluwasegun Olukotun
Solar energy provider Westa Solar has secured a $1.8 million loan from the Austrian Development Bank (OeEB) provided by the Austrian Federal Ministry of Finance’s Investment Facility for African-Austrian SMEs (AAIF) to supply solar photovoltaic energy to commercial and industrial (C&I) customers in Nigeria. The Abuja-based company will deploy the…
Mastercard has partnered with Nigerian digital payment startup NowNow, to help SMEs reduce the risk of cyberattacks. According to Mastercard, SMEs are a huge target for cybercriminals as they typically do not have the resources to defend themselves or to act accordingly once they have been breached. NowNow supports SMEs…
MSI, a world leader in gaming hardware and innovative business solutions in over 120 countries, is expanding on its success in Egypt by partnering with Egypt’s fintech leader ‘Fawry’ to facilitate payment for businesses and consumers. Besides their super-performing gaming laptops, MSI is also launching new top-tier models that are…
Financial infrastructure platform for businesses, Stripe, has launched Tap to Pay on Android, enabling businesses to accept contactless in-person payments using a compatible phone or tablet. The new feature allows businesses to build and customize in-person checkouts without the need for traditional point-of-sale hardware. Tap to Pay is a feature…
Mastercard has partnered with Obopay to launch a financial inclusion card for smallholder farmers and rural communities. Powered by Mastercard’s Community Pass digital infrastructure, the prepaid card will allow farmers to receive the sale proceeds for their crop digitally, spend their earnings to make purchases even in remote locations that…
Opera is rolling out a feature which enables users to mint NFTs using the Alteon Launchpad, a tool exclusively available on Opera Crypto Browser. This tool demystifies NFTs for mainstream content creators, even those with little to no Web3 experience, allowing them to mint NFTs in just a few clicks. …
Renewable energy company that provides quality energy access through Solar PV, Grids, Batteries and Innovation, PAM Africa, has today announced the launch of their Net-Zero Villages – a groundbreaking approach that consists of a community which is designed with a whole systems thinking approach to offset more greenhouse gases (GHG)…
Microsoft and NVIDIA have entered into a strategic 10-year partnership to bring Xbox PC games to the NVIDIA GeForce NOW™ cloud gaming service, which has more than 25 million members in over 100 countries. The agreement will enable gamers to stream Xbox PC titles from GeForce NOW to PCs, macOS,…
Leading designer and developer of electric vehicles Roam has teamed up with Hitachi Europe Ltd. (Hitachi), a technology leader that enables sustainable mobility in cities, to make electric transport accessible in Africa. The collaboration will focus on electrification in Kenya and will be geared towards increasing the number of electric…
Egypt’s fintech Hollydesk has secured $1 million in venture debt financing from undisclosed investors. Armed with the new funding the startup will be able to support more small and medium-sized businesses (SMBs) in the country to manage and track their daily expenses. The fintech startup will also deploy the funding…
The AfricaGoGreen Fund (AGGF) has announced its second fundraising close with investments from IFC, the African Development Bank, the Nordic Development Fund, the Sustainable Energy Fund for Africa and Calvert Impact Investments. The AGGF which invests in projects in Africa that mitigate or reduce greenhouse gas emissions, announced today the…
Copal, Egypt’s digital payment solutions application specifically designed for families has partnered with Mastercard to launch the first family payment and expenses management application in Egypt. This seamless solution aims to further drive financial inclusion in the country through the integration of underbanked youth into the formal economy. The introduction…
Egypt’s e-commerce platform Mobile Masr has raised $500,000 in seed funding from a team of angel investors based in the UAE and Qatar, in partnership with Intercap Capital Investment Bank. The funds will be used to further consolidate MobileMasr’s presence as an e-commerce portal specializing in the sale of used…
The African Development Bank has commissioned a second Information and Communications Technology Centre of Excellence at the United States International University-Africa in Nairobi. This marks an important milestone for the Bank’s Coding for Employment program and its growing partnerships with higher education and technical and vocational education and training institutions. …
Digital identity verification solutions for Africa, Smile Identity has secured $20 million in Series B Funding. The round was co-led by Costanoa and Norrsken22. Additional new investments came from Commerce Ventures, Courtside Ventures, Two Culture Capital, and Latitude. Existing investors Valuestream Ventures, Intercept Ventures and Future Africa also joined the…
African biometric identity and digital payments fintech Paycode has been selected as one of the Top 4 Finalists in the Women’s World Banking Fintech Innovation Challenge and will be competing live at the 2023 Making Finance Work for Women Summit in Mumbai in May. Paycode was selected from a pool…
Cross-border remittances and digital wallet company operating within Africa, EziPay has partnered with MFS Africa, a digital payments gateway to enable last-mile connectivity for remittances and collections to and from mobile money wallets and bank accounts in Africa. There is a growth in the use of mobile money in Africa…
Africa’s insurance infrastructure provider Curacel has raised $3 million in seed funding to roll out new technology solutions designed to power the next generation of insurance experiences in Africa. The new funding will also support the company’s expansion into North Africa. The seed funding round included Tencent, AAF Management (invested…
Mastercard and global video game commerce company Xsolla have collaborated on frictionless, secure, and rewarding payments for gamers from enhanced checkout experiences using credit card loyalty points to simple in-game currency gifting to improved creator payout processes and more. The partnership will combine Mastercard’s technology, network-level expertise, global scale, and…