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Startups

Equator Announces Final Close of $55M to Invest in Africa’s Climate Tech Startups

Equator, a climate-tech venture capital firm focused on Sub-Saharan Africa, announced the final close of its first fund with approximately $55 million USD in commitments to support Seed and Series A-stage, tech-enabled ventures in the sectors of energy, agriculture...

Startups

Equator Africa Fund Gets $5 Million from Proparco for Startups Addressing Climate Challenges Across Africa

Equator Africa Fund has received $5 million from Proparco to invest in startups addressing climate challenges across Africa. Proparco made the investment, through the FISEA+ facility to supporting early-stage African start-ups with innovative solutions to address climate challenges across sub-Saharan...

Tech

Equator Africa Fund Raises $5M to Invest into African Climate Tech Startups

Equator Africa Fund has received $5 million from the IFC to invest in startup in the climate sector. The $5 million is the fund’s final close, taking its size to $54 million. IFC's investment is supported by a $1.5 million...

Startups

Equator receives $40M in commitments for fund targeting climate tech startups in Africa

Equator, a climate tech venture capital firm focused on sub-Saharan Africa, has received part of its first fund with $40 million in commitments from limited partners including BII, the Global Energy Alliance for People and Planet (GEAPP), the Shell Foundation and impact investor...

Business

CEO Weekend: Equatorial commercial bank partners Postbank to roll out agency banking

Recently, the Equatorial Commercial Bank won the 2014 2nd Runner up for the Best Bank in Mobile Banking in the Think Business Banking Awards with Ms.ECB Acting MD, Ms. Shamira Dostmohamed terming it “a deliberate effort to provide convenience that our...

Business

Equatorial Commercial Bank (ECB) partners with KRA to roll-out iTax

Equatorial Commercial Bank (ECB) has announced a partnership with the Kenya Revenue Authority to roll out the online tax remittance/collection system aimed at facilitating electronic collection of domestic taxes. ECB Acting Managing Director Shamira Dostmohamed said the move was aimed at enhancing efficiency...

Tech

Huawei Scoops Submarine Cable Order From Equatorial Guniea Govt

Huawei Marine Networks will now be providing internet to the Republic of Equitorail Guinnea thanks to the contact between the tech company and the government of Equatorial Guinea. Huawei will build the Ciba-2 Submarine Cable System that is expected to...

Mobile

Kenya’s Equatorial Commercial Bank Launches Its Mobile Banking Platform

Mobile banking in Kenya has proved to be a force to reckon with, because at this rate no bank can afford not to have this application in their program. In light to this, the Equatorial Commercial Bank (EBC) has...

Business

Airtel Launches Mobile Banking with Equatorial Commercial Bank in Kenya

Just after the signing of mobile banking agreement with Equity Bank, the ink has not dried and Airtel has partnered with Equatorial Commercial Bank with the same product. “Mobile banking is a fast and growing phenomenon,” Airtel Kenya MD, Mr....

Tech

KSA Announces 2026 Window for Direct Communication With Space Station via ARISS Programme

Kenya has been selected to host a prestigious global space program that will allow its citizens to speak directly with astronauts orbiting the Earth, being the first African country. Today, the Kenya Space Agency (KSA) announced that it had secured...

Tech

Paratus & Powertel to Launch National Fiber Network Across Zimbabwe

Paratus Zimbabwe, a subsidiary of Paratus Group, has signed a major deal with PowerTel, wholly owned subsidiary of Zimbabwe Electricity Supply Authority (ZESA), to launch a new high-capacity national fiber network across Zimbabwe. Paratus Zimbabwe and PowerTel will combine their...

Startups

Leta Raises $5 Million to Scale AI-Powered Logistics Platform Across Africa

Leta, a Kenyan logistics tech startup, has successfully raised $5 million in seed funding to scale its AI-driven platform designed to help businesses transport goods more efficiently and cost-effectively across the African continent. The funding round was led by European...

Startups

IBISA raises $3 million to scale parametric insurance solutions across Asia and Africa

IBISA, a Climate Insurtech company, has closed a $3 million funding round to scale its parametric insurance solutions for weather-related risks in Asia and Africa. The round was led by The Acumen Resilient Agriculture Fund (ARAF) and Equator, alongside...

Tech

American Express and Ecobank partner to expand Card acceptance in 21 African Countries

American Express and Ecobank Group , the pan-African financial services Group, has signed an agreement to significantly expand American Express Card acceptance in twenty-one countries across Africa. Founded in 1850,American Express Company is an American bank holding company and multinational...

Startups

Roam Electric, Mogo & BasiGo get $30 million to support Kenya’s e-mobility economy

Roam Electric, Mogo Auto and BasiGo have each received $10 million in debt from the US government to support the design and development of electric motorcycles and buses as well as charging stations for motorcycles and buses throughout Kenya. The...

Startups

Roam raises $24M to expand its electric mobility offerings

Roam, a Kenyan-based electric mobility pioneer, formerly known as Opibus, has raised $24 million Series A funding in equity and debt led by Equator Africa and includes investments from At One Ventures, TES Ventures, Renew Capital, The World We...

Guides

X Basic, Premium, and Premium+ explained

From October 27th, 2023, X started offering two new tiers: Basic and Premium+, its premium subscription service that elevates quality conversations on the platform. X Premium is an opt-in, paid subscription that offers additional features. X Premium has three tiers: Basic,...

Europe Edition

Start-up Unergy announces the opening of its first subsidiary in Europe

Unergy, a Latin American CleanTech and FinTech specializing in the financing of high-performance renewable energy production assets, announces the opening of its first subsidiary in Europe to strengthen its positions in the French, British, Spanish, Dutch and Swiss markets. The...

Tech

The Rockefeller Foundation and GEAPP collaborates to develop world’s first program offering ‘coal-to-clean’ credits in developing countries

The Coal to Clean Credit Initiative (CCCI) announced by The Rockefeller Foundation and Global Energy Alliance for People and Planet (GEAPP) aims to establish a new standard for using carbon finance to encourage a fair transition from coal-fired power...

Energy

Renewable energy company ZOLA Electric launches first-of-its-kind distributed mini-grid in Rwanda

ZOLA Electric, the Emerging Market energy technology company has announced the launch of the first-of-its-kind, distributed mini-grid. The groundbreaking mini-grid project, installed in the agricultural villages of Gakagati I and II in Nyagatare, Rwanda – the country’s largest and second most-populous...

Business

Stanbic Bank Supports Over 45,000 Women Entrepreneurs & Businesses to Access Financing

Stanbic Bank Kenya has over the last three years impacted more than 45,000 women entrepreneurs by enhancing financial inclusion and providing innovative solutions which have enabled Dadas access Kshs 6.9 billion in lending. The bank has additionally provided credit guarantee...

Women

Increasing Women in STEM to Drive Growth Across Africa’s Oil and Gas Sector

For Africa to achieve its energy access, decarbonization, affordability, independence and security goals, women’s participation across the entire oil and gas value chain needs to improve. However, progress needs to start at an educational level with energy stakeholders, governments...

Startups

Verdant Capital Closes 4 Private Equity-Related Transactions in South Africa.

Verdant Capital has completed four private equity transactions in South Africa including significant fundraisings for Bridge Taxi Finance and Retail Capital, the sale of Nedan Oil, and the sale of Baxi to MFS Africa. A small group of leading international impact investors...

Tech

Facebook Marketplace Rolls Out to 37 Countries & Territories Across Sub-Saharan Africa

Facebook has launched Marketplace in 37 new countries and territories in Sub-Saharan Africa adding to South Africa, Ethiopia, Kenya and Nigeria where Marketplace has been present already helping people discover, buy and sell items from others in their local...

COVID-19

Best Places to Get the COVID-19 Vaccine in Kenya.

Kenyans, like the rest of the world, are excited about the availability of Covid-19 vaccines in the hopes that getting the shot will reduce the possibility of serious illness if they contract the deadly virus. Vaccines for COVID-19 are a...

Tech

Showmax Pro to live stream all matches of EPL, La Liga & Serie A in more than 50 countries across Africa

Following the successful live streaming of the Tokyo 2020 Olympics, Showmax Pro is bringing the world’s best football to subscribers. Showmax Pro is the only streaming service on the continent to live stream every single match of the English Premier League, La Liga and Serie A...

Tech

How is SEM different from SEO? Know the Difference

Singapore lies north to the equator and it borders the Straits of Malacca in the west, the Indonesian Riau Islands in the south and the South China Sea in the east. It does not have an official capital city...

Business

Spotify, the popular audio streaming subscription service launches in Africa

Spotify, the popular global audio streaming subscription service, is now available in Ghana, Kenya, Nigeria, Tanzania, and Uganda as of 23 February. The firm announced today it's launching in over 85 markets and in 36 new languages internationally in a...

COVID-19

COVID-19 numbers, statistics and misconceptions

With over 2 million deaths globally, COVID-19 is no longer a small threat to the global economy and everyone has a responsibility to ensure their won safety and the safety of their loved ones. According to António Guterres, the ninth...

Columnists

Benefits of Using a Satellite Phone in 2020

Satellite phones are a communication device like any other mobile device and provides the same services and facilities as any other phone, but it is connected to the satellites orbiting above us. When compared with an ordinary cellphone, these...

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