South African startup, Qwili raises US$1.2M seed round to improve its operations

SOUTH AFRICA – Qwili, a startup that offers a hybrid sales platform to micro and small merchants in South Africa, has raised US$1.2 million in seed funding, a year after concluding an undisclosed pre-seed round. The round, which included participation from companies including Strat-Tech, Next Chymia, Untapped Global, Codec Ventures, and angel investors like Ashwin Ravichandran and Kanyi Maqubela, was…

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Monetic Group raises funding from 500 Global to build Kalispot network in West and Central Africa

SENEGAL – Outsource Monetic Group, an American and Senegalese fintech based in Atlanta, has announced the closing of a pre-seed fundraising round with 500 Global, a startup accelerator company based in San Francisco, USA. The fintech also announced the launch of the pilot phase, in Senegal and Côte d’Ivoire, of its private ATM network branded KaliSpot. The KaliSpot network is…

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KenGen’s Olkaria 86MW Geothermal power plant commissioned

KENYA – The head of state of The Republic of Kenya, President Uhuru Kenyatta, has commissioned KenGen’s Olkaria I Additional Unit 6 Geothermal power plant, injecting an additional 86 megawatts (MW) into the national, grid further advancing Kenya’s green energy agenda. The power plant propels KenGen’s total installed energy capacity to 1,904MW while its geothermal capacity now stands at 799MW.…

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