Mobility company Uber expands its services to major towns and cities in Kenya

KENYA – Mobility service provider Uber has expanded its services to Kisumu, Nakuru, Eldoret, and Naivasha, creating more job opportunities in the destinations while cementing its position in the industry. The ride-hailing app has also invested in new safety features both for its drivers and riders. The move was prompted by research conducted by the firm which revealed that riders…

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Power company Bboxx acquires PAYG solar company PEG Africa

WEST AFRICA – Bboxx, the UK-based power company, has expanded its footprint in Africa by acquiring pay-as-you-go solar company, PEG Africa. The acquisition will transform the continent’s utility sector by making Bboxx and its group of companies the largest network in Africa for utility services and a driving force behind access to goods and services for underserved communities. PEG is…

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IFC, Scatec and EDF sign agreement to co-develop hydropower project in Malawi

MALAWI – The Government of Malawi (GOM), IFC, Scatec and EDF have signed a binding commercial agreement to undertake the co-development of the Mpatamanga hydropower project. The agreement, signed under Malawi’s Public-Private Partnership framework, concludes the selection process undertaken by the Government of Malawi to competitively select a private sector partner to finance, build, and operate the Mpatamanga hydropower plant.…

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#DEALSTREETNEWS; Visa to support financial education in South Africa, Karmsolar raises funds, Taaply raises US$500k, 3atlana secures seed round, el-dokan completes pre-seed round

Visa to support financial education in South Africa with US$200k SOUTH AFRICA – Visa, the global financial services giant, has announced that it recently signed a partnership with the Financial Services Consumer Education Foundation (FSCEF) worth US$200,000 to support financial education in South Africa. The partnership is specifically focused on two financial education programmes namely The Financial Literacy Speech Competition…

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