Persistent Launches $70 Million Africa Climate Venture Fund

Climate venture builder Persistent said on Tuesday it had launched a $70 million early-stage investment fund to support climate-focused startups across Africa, along with a $5 million venture building facility to...

Canal+ Unveils €100m Rescue Package for MultiChoice Following Subscriber Exodus

The French media giant Canal+ has launched a sweeping €100 million recovery plan to revitalise MultiChoice, as the African pay-TV leader struggles to stem...

Why Tanzania’s Billionaire Rostam Azizi Is Buying Nation Media Group

After more than six decades under the stewardship of the Aga Khan Fund for Economic Development, Nation Media Group is entering a new era....

Persistent Launches $70 Million Africa Climate Venture Fund

Climate venture builder Persistent said on Tuesday it had launched a $70 million early-stage investment fund to support climate-focused startups across Africa, along with...

Gig Economy App Launches to Tackle Youth Unemployment in Kenya

A new mobile marketplace has launched in Kenya, aiming to bridge the gap between urban youth and the informal labor market. The platform, known as...

Tony Elumelu: The Billionaire Philanthropist Betting $100m on Africa’s Start-ups

The Nigerian billionaire and philanthropist, Tony Elumelu has revealed that his foundation has now deployed more than $100m in seed capital to bolster African...

Nedbank Partners with Crypto.com to Explore Blockchain Payments Across Africa

Nedbank Group said on Thursday it had entered a strategic partnership with Crypto.com to explore blockchain-based payment, settlement and liquidity solutions across Africa, in...

High Court Halts NTSA’s Automated Traffic Fine System Over Tech Concerns

A major digital crackdown on motorists has been suspended after the High Court in Kenya issued conservatory orders barring the enforcement of an instant,...

Persistent Launches $70 Million Africa Climate Venture Fund

Climate venture builder Persistent said on Tuesday it had launched a $70 million early-stage investment fund to support climate-focused startups across Africa, along with a $5 million venture building facility to provide operational support to emerging companies. The Persistent Africa Climate Venture Fund (ACV Fund),...