Nigeria’s startup Simplifyd launches a toll-free internet application platform

NIGERIA – Simplifyd Systems Inc., a Y Combinator-backed Nigerian startup has launched ZeroData, a toll-free internet application platform to increase internet access across Africa. ZeroData aims at solving the challenges associated with accessing affordable data amidst the staggering rate of data consumption, especially amongst mobile and web app users in emerging markets across Africa. Founded by Tomi Amao, Mayowa Amao,…

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World Bank approves US$150M to increase access to electricity services in Senegal

SENEGAL – The World Bank’s Board of Executive Directors approved US$150 million from the International Development Association (IDA) to increase access to electricity services for households, enterprises, and critical public facilities in Senegal. The financing will be utilized under the Energy Access Scale-Up Project (PADAES) in the West African country. More than 1.5 million people will benefit directly from the…

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GWEC ranks Morocco among top 5 in global floating offshore wind power production

MOROCCO – Global Wind Energy Council (GWEC) ranks Morocco among the top 5 countries likely to emerge as global hubs for floating offshore wind energy, a technology that is set to see unprecedented growth in the coming years Morocco’s thriving offshore wind energy market has put the North African kingdom in first place in Africa and in the MENA region,…

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Three Egyptian banks launch US$85M MEA-focused fintech fund

EGYPT – Egypt’s largest national banks; Banque Misr, National Bank of Egypt, and Banque du Caire, have partnered with Global Ventures to launch fintech-focused investment fund Nclude, following approval by the Central Bank of Egypt. The fund is an implementation of the country’s strategic vision to support young innovators, with Nclude by Global Ventures to focus on accelerating fintech innovation…

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Egyptian-based fintech Lucky closes US$25M series A funding round for expansion

EGYPT – Lucky, Egypt’s popular app for credit goods, discounts, and cashback rewards has announced a $25 million Series A funding round to expand its credit capabilities. The latest funding round was led by Nclude by global Ventures and Egypt’s top national banks, Banque Misr, National Bank of Egypt, and Banque du Caire. The round also attracted participation from PayU,…

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Fleet-tech startup LocoNav introduce GPS, IoT, and Vehicle Telematics Solutions in South Africa

SOUTH AFRICA – LocoNav, an integrated tech-services provider TR Tech and full-stack fleet-tech startup, have announced a new partnership to introduce GPS, IoT, and Vehicle Telematics solutions in South Africa. The aim of the collaboration is to make advancements in fleet technology to make it easily accessible to fleet owners, operators and fulfil requirements for local businesses such as GPS…

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Energy Capital & Power partners ANPG for Angola Oil & Gas 2022

ANGOLA – Energy Capital & Power (ECP) has announced the signing of a partnership agreement with Angola’s National Agency for Oil, Gas and Biofuels (ANPG) for the upcoming Angola Oil and Gas (AOG) 2022 International Conference and Exhibition. Taking place in Luanda and representing the third edition, AOG 2022 builds upon the success of previous high-level events held in Angola…

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Prudential Financial, LeapFrog to acquire strategic minority interest in Alexander Forbes

SOUTH AFRICA – Prudential Financial, a financial service provider, in partnership with LeapFrog Investments Group, has announced its intention to acquire a strategic minority interest in Alexander Forbes Group Holdings Limited (AFH). AFH is a leading provider of financial advice, retirement, investment, and holistic wealth management services in South Africa. The transaction builds upon Prudential Financial’s partnership with LeapFrog Investments…

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