Absa Bank to establish 66 computer labs in schools across Kenya

KENYA – Absa Bank Kenya PLC has kicked off an ambitious digital literacy enhancement program targeting to establish 66 computer labs in schools across the country. The bank is investing Kshs 23 million (US$208,276) in the nationwide project that is being spearheaded in partnership with Computer for Schools Kenya (CFSK) and will see 1,500 computers donated to different schools in…

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Sendy and Lami Technologies partner to launch per-trip insurance policies in Kenya

KENYA – Logistics startup Sendy and Kenyan insuretch company, Lami Technologies have partnered to enable transporters in Kenya to access simple, hassle-free, and affordable insurance products customized on a per-trip basis. Most transporters move commodities, goods, and cargo across the country without business-specific insurance, which does not protect the business from the risk of potential loss. The development of insurance…

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Moove launches in Cape Town as it eyes pan African growth

SOUTH AFRICA – Moove, an African mobility fintech, has been launched in Cape Town as part of its growth plans across the continent. The expansion marks the fourth city in which Moove has launched within only 15 months of operations and coincides with five new hires for Moove’s global C-suite and the milestone of completing one million Uber trips in…

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Boabab raises US$11.7m for its solar home systems and digitalization

AFRICA – Pan-African company Baobab+, has just raised US$11.7 million from Norwegian fund Norfund to finance electrification and digitalization in several African countries. The fundraising will allow the company to develop its markets and expand its network. The sum will also allow Baobab+ to expand its activities in the southern part of Africa with the main objective of serving one…

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Renewvia Energy secures US$10m from Claritas Capital to accelerate its growth in the US and Africa

AFRICA – Renewvia Energy, a global solar developer with operations in the US and Africa, has received US$10 million from Claritas Capital to accelerate its growth across the globe in multiple solar development sectors. Renewvia, a mini-grid utility and commercial solar developer, provides reliable, affordable, and clean energy sources to individuals and small businesses in multiple countries in Sub-Saharan Africa.…

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