Draper Startup House partners with innovation hub BongoHive to launch in Zambia

ZAMBIA – Draper Startup House (DSH) has established its first location in Southern Africa in Lusaka, Zambia through a partnership with BongoHive, the country’s first technology and innovation hub. Founded in Singapore in 2018 by Vikram Bharati as Tribe Theory, a hostel concept for digital nomads, Draper Startup House (DSH) has grown into a global network of spaces connected to…

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Air Botswana resumes direct flights to Zambia and Zimbabwe

BOTSWANA – Air Botswana has announced that it has resumed direct flights from Gaborone to Zimbabwe’s capital Harare and Zambia’s Lusaka, two years after it had stopped them following the Covid-19 pandemic. Air Botswana stopped flights to some countries in April 2020 following the announcement of the coronavirus pandemic, as states took measures to prevent spread of the virus. The…

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Renewable energy trader Africa GreenCo raises US$15m in fresh funding to scale operation in Zambia

ZAMBIA – Renewable energy trader Africa GreenCo (GreenCo) has raised US$15.5 million from several investors to expand its business. This financing obtained will mainly allow the development of the activities of its Zambian subsidiary GreenCo Power Services. The funding is from Denmark’s Developing Countries Investment Fund (IFU), the European Union (EU)-funded Electrification Financing Initiative (EDFI ElectriFi), and InfraCo Africa, a…

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Fintech Union54 secures US$12m in seed extension led by Tiger Global

ZAMBIA – Union54, a fintech that issues debit cards, has secured US$12 million in a seed extension round led by Tiger Global. Other investors in this financing round include current investors Vibe Venture Capital and newcomers Earl Grey Capital and Packy Mccormick’s Not Boring Capital. Union54, whose API enables African software businesses to create and maintain debit cards without the…

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Infobip acquires license to operate in Zambia for servicing the SADC region

ZAMBIA – Infobip, a global cloud communication platform and leader in omnichannel customer engagement, has acquired a Service without Network (National) licence to operate in Zambia, a market that is key to its expansion and servicing of the Southern African Development Community (SADC) region. “Zambia is an exciting market for Infobip, allowing us to service neighbouring countries such as Zimbabwe…

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Chariot, Total Eren to produce 430 MW of solar and wind energy for FQM mining company

ZAMBIA – British energy company Chariot is joining forces with France’s Total Eren for a new project in Zambia. The two companies will produce 430 MW of solar and wind energy to power the mining facilities of the Canadian company First Quantum Minerals (FQM). The Chariot-Total Eren alliance has re-signed for a renewable energy project for mining operations. The two…

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President of Zambia urges Bankers Association of Zambia to increase access to affordable finance

ZAMBIA – Bankers Association of Zambia (BAZ), led by their chairperson Mzinga Melu, met with the President of Zambia Hakainde Hichilema to discuss on how to increase access to affordable finance for their citizens. The President has emphasised on the need for government to work with the private sector in order to save the country’s economy that experienced difficulties, business…

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Zambia partners EU and COMESA for US$7m border posts project

ZAMBIA – The Government of Zambia in partnership with the European Union (EU) and the Common Market for Eastern and Southern Africa (COMESA) have conducted the official launch of the 6.8 million Euros (US$7.59m) project to upgrade Zambian border posts. The project, Zambia Border Posts Upgrade Project (ZBPUP), whose implementation has been underway since the signing of the financing agreement…

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Kalahari GeoEnergy partners Prospero for geothermally heated aquaculture complex

ZAMBIA – UK-funded investor Prospero has partnered with Kalahari GeoEnergy to implement a project to develop direct applications of geothermal heat in Zambia. The first project under this partnership is the development of aquaculture farms. Zambia is one step closer to exploiting its geothermal potential. In addition to generating electricity, Zambia’s Kalahari GeoEnergy wants to diversify the uses of natural…

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Liquid introduces gaming bundles to develop e-sports in Zambia

ZAMBIA – Liquid Intelligent Technologies, a unit of Cassava Technologies which is a leading pan-African technology group, has announced the deployment of its new and affordable gaming bundles in Zambia to encourage the gaming and e-sports industry in the country. The launch of these bundles aims to attract a growing and loyal gaming and e-sports market, harness developers and gaming…

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