Renaissance-Dam

Nigerian fintech startup raises $120M from Chinese investors

Nigerian-based fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Founded by consumer internet company Opera, OPay will use the funds to scale up in Nigeria and expand its payments product to Kenya, Ghana and South Africa, the company said in a statement. Incubated by Norwegian-based consumer internet outfit […]

Uganda set to become Africa’s third nuclear-powered country by 2031

The Ugandan government has announced its plan to construct the country’s 1st — and likely Africa’s 3rd — nuclear facility, the Buyende Nuclear Power Plant, in collaboration with China National Nuclear Corporation (CNNC) that would assist Uganda in developing capabilities for peaceful use of atomic energy. Currently in Africa, only South Africa has an active […]

Morocco’s ONEE to promote rural electrification in Niger

Morocco’s National Office of Electricity and Drinking Water (ONEE) has signed an agreement with Niger’s Agency for the Promotion of Electrification in Rural Areas (ANPER) to improve access to electricity in rural communities of the West African nation. Under the agreement signed last week in Rabat by ONEE and ANPER heads, Abderrahim El Hafidi and […]