IFC, Proparco and RMB Partner with WIOCC Group to raise over $50 million to invest in digital infrastructure in Africa.

IFC, Proparco and RMB have joined forces with WIOCC Group to raise over $50 million to invest in digital infrastructure within Africa.

On NDIC’s disbursement of ₦650 bn to 2.3 million insured Heritage Bank depositors

The Nigeria Deposit Insurance Corporation (NDIC) has begun paying out the trapped funds of depositors at the now-defunct Heritage Bank.

Zimbabwe plans to install floating solar panels in Africa’s largest man-made dam

The Zimbabwean government plans to install solar panels on Kariba Dam, to address energy shortages

Nvidia surpassed Microsoft as the world’s most valuable company

Nvidia has surpassed Microsoft to become the world's most valuable public company, with a market cap of over $3 trillion.

Polish drone maker plans to set up drone factory in Kenya

Polish drone maker Farada Groups has plans to set up a drone factory in Korza Technopolis, Kenya

Ampersand and BYD clutch to rev up Africa’s e-bike production

The broader context of this partnership is the urgent need to de-carbonise transport systems in the continent

Africa Data Centres secures over $109 Million to expand operations

Africa Data Centres Plans to Increase Capacity in South Africa After Securing Over $109 Million in Funding.

Uniting the biggest names in African tech: The Africa Technology Expo holds this Weekend

The Africa Technology Expo is set to take place this weekend, Saturday, June 22, 2024.

Regxta Emerges Winner of PITCH2WIN4 Startup Competition

Preggify emerged as the sponsors' choice, winning an all-expense-paid trip to IVS2024 in Kyoto.

Send App by Flutterwave highlights unique cultural trends on International Day of Family Remittances (IDFR)

In celebration of the International Day of Family Remittances (IDFR) 2024, Flutterwave, Africa’s leading payment technology company, shares insightful data from Send App, its flagship cross-border remittance app

BD Insider 239: Kenya allocates $125.3 million for ICT annual budget

In this letter, we explore; Kenya allocates $125.3 million for ICT annual budget, Lagos state govt injects ₦1 billion for startup funding & innovation research, Safaricom Ethiopia initiates a $1.5 billion investment.

Lagos state govt injects ₦1 billion for startup funding and innovation research

₦1 billion in funding marks an astronomical increase in allocation to the initiative based on previous precedents.