Inspiring Sustainable Business in Africa
WEST AFRICA – Bizao, a fintech startup for payment solutions for businesses and merchants, has closed a Series A round of financing at €8 million (US$8.20m). The funding was led by AfricInvest, a pan-African, with the participation of French VC firm Adelie and Seedstars Africa Ventures. With this first fundraising wish to launch into new markets and invest in several…
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KENYA – KCB Bank has inked a deal with Deluxe Trucks & Buses East Africa Ltd, which will see its customers access flexible financing options to purchase the vehicles. In the partnership, customers will enjoy up to 95 per cent funding with an extended repayment period of 72 months and a 60-day payment holiday. Speaking during the event, KCB Bank…
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KENYA – Eni, an Italian multinational oil and gas company, through its Kenyan unit has commenced production of vegetable oil for bio-refineries at its newly built pressing plant in Makueni, East of Kenya, featuring an oilseed collection point. The plant has an installed capacity of 15,000 tons with an expected production of 2,500 tons in 2022. The first phase of…
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KENYA – Kenya Airways (KQ), Kenya’s national carrier, and South African Airways (SAA) have signed a codeshare agreement that opens more destinations for seamless travel opportunities. As demand for air travel rebounds, the code-sharing agreement will see each airline sell, under its own code, flights operated by each other; South African Airways or Kenya Airways. SAA’s customers will continue to…
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EGYPT – ACWA Power, a leading Saudi developer, investor and operator of power generation, desalinated water and green hydrogen plants worldwide, has inked a project agreement to develop a 1.1GW wind project in Egypt, at an investment value of US$1.5 billion. The ACWA Power-led consortium, comprising Hassan Allam Holding, will work together during the development phase to complete the site…
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NIGERIA – Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation has announced a strategic partnership with Metro Africa Xpress Inc. (MAX), Africa’s first mobility technology platform. The partnership is meant to finance and maintain over 50,000 vehicles over the next 2 years. The partnership will expand Max’s operations in Nigeria, Ghana and Cameroon and fast track…
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SOUTH AFRICA – Liquid Cyber Security, a business of Cassava Technologies, has launched the first of its matrix of Cyber Security Fusion Centres in Johannesburg, South Africa. With this Fusion Centre, Liquid aims to bolster the cyber security industry in the country by managing the growing threat of cyberattacks to governments and enterprises of all sizes. For the first time,…
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