Mozambique gets US$43.5m from Sweden for electrification in Inhambane province

MOZAMBIQUE – The Swedish government has provided an extra US$5 million (€4 million) to Mozambique’s state electricity company Electricidade de Moçambique (EDM) to increase power coverage in Vilanculos district, in Inhambane province, southern Mozambique, the Swedish embassy has said. With Sweden’s contribution, over 100,000 families will have access to clean and reliable energy in the district the embassy said in…

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Eleven African startups get selected for Sweden’s Norrsken Impact Accelerator

AFRICA – Eleven African startups have been selected for the Norrsken Impact Accelerator in Stockholm, Sweden, gaining access to support and potential access to funding. Founded by Niklas Adalberth, one of the founders of Swedish fintech unicorn Klarna, in 2016, Norrsken aims to help entrepreneurs solve the world’s greatest challenges. Its ecosystem consists of Norrsken House, a co-working space for…

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Volvo launches first electric car, aims to be climate neutral by 2040

 Sweden – Chinese owned car manufacturer has launched its first electric car under a new EV-focused brand that kicks off a company-wide shift toward electrification. The car known as the Volvo XC40 Recharge is a demonstration of Volvo’s commitment towards becoming climate neutral by 2040. Volvo announced that it had a plan of reducing its total carbon print by 40%…

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UK’s Domino’s Pizza to exit foreign markets to cut down on operational costs

BRITAIN – Britain’s biggest pizza delivery company, Domino’s Pizza Group Plc has said that it would pull out from its loss-making international operations, sending shares higher in early trade. The move to exit four European markets comes a few months after the company announced that its CEO David Wild would retire, amidst a row with disgruntled franchisees in the UK…

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Sweden’s Norrsken opens East Africa startup fund and hub in Rwanda

RWANDA – Norrsken Foundation, a co-working space and investment fund based in Sweden, has opened its tech fund and entrepreneurship hub in Kigali Rwanda to support ventures across the region. The Kigali center is Norrsken’s first launch outside of Sweden and the organization looks to open in 25 markets globally over the next decade. According to report byTechCrunch, the hub…

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