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Inspiring Africa's Sustainable Business Growth
IVORY COAST – Music streaming app Boomplay has opened its Ivory Coast office to enhance music streaming and help Ivorian artists reach a broader audience within and outside the continent. After Nigeria, Kenya, Tanzania, Ghana and Cameroon, Boomplay continues its expansion by opening its offices in Abidjan, a true cultural hub in the sub-region, the Ivorian economic capital, which represents…
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IVORY COAST – Chari, a Morocco-based B2B e-commerce and fintech startup, has acquired Diago, an Ivorian app that connects neighborhood shops to FMCG producers and importers. Founded in 2021 by Amidou Diarra and Ali Ouattara, two former managers at Glovo and PepsiCo, Diago operates exclusively in Abidjan. Ali and Amidou will remain CEO and COO, respectively, and will oversee local…
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AFRICA – African start-up Sokowatch, an online supplier of goods to micro retailers, has closed a US$125 million Series B funding round as it rebrands to Wasoko. The latest round of funding was led by Tiger Global and Avenir Growth Capital to enable the e-commerce to expand further into Senegal and Ivory Coast markets. Initially launched in Kenya by founder…
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IVORY COAST – Ivorian health startup Susu has closed a US$1 million pre-seed round to scale its family-centric insurance product across Africa. The equity raise saw participation mainly from angel investors, as the company also raised US$1.2 million in debt and grant financing from BPI France, a French public investment bank. The funds will be used to continue offering inexpensive…
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IVORY COAST – The state-owned company Côte d’Ivoire Energies (CI-Energies) is launching a call for tenders for the construction (EPC) of the20 MW Kossou floating solar power plant. Côte d’Ivoire Energies has obtained finance from the French Development Agency (AFD) to implement the project. The floating solar PV system will be constructed on the reservoir of the 174MW Kossou hydroelectric…
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TANZANIA – Sika, a Swiss multinational specialty chemical company, has moved into a new site in the East African country of Tanzania and is now locally producing mortars in addition to concrete admixtures. The site also offers space for further growth in operations. Sika has likewise increased the size of its plant in Western Africa’s Ivory Coast: A site that…
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IVORY COAST – Afrikrea, an ecommerce startup, has raised a US$6.2 million pre-Series A funding round and rebranded as “ANKA”. The new funding round was led by Investisseurs & Partenaires, an investment firm dedicated to funding small and medium African enterprises, and includes participation from Alibaba’s executive vice chairman Joe Tsai, Bestseller Foundation, VestedWorld, Enigmo, Groupe Prunay and Rising Tide…
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IVORY COAST – Raxio Group, a pan-African data centre developer and operator, has invested in the first carrier-neutral Tier III data centre in Ivory Coast as it looks to expand its African footprint. The data centre developer and operator has revealed it will invest in ‘Raxio Abidjan’, which will be the latest facility of Raxio’s expanding network across Africa. Earlier…
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IVORY COAST – Eni, an oil and gas company, has announced a major oil discovery in block CI-101 offshore Ivory Coast which is operated by Eni with Petroci Holding, who hold 90% and 10% respectively in the exploration phase. The discovery well has been drilled on the Baleine prospect, with the support of the Government in the difficult context of…
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IVORY COAST – Green Energy for African Citizens (GBE) and the German International Development Cooperation Agency (GIZ) are launching a financing programme based on the results of installations of solar systems for productive use in Ivory Coast. Launched in 2017 by the German Ministry for Economic Cooperation and Development (BMZ), Green Energy for African Citizens (GBE) is an initiative jointly…
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