Africa Emerging Markets Finance Headlines International

Nigeria launches $672mil tech fund to cushion its start-ups after US bank collapse

The closure of three key banks in the United States has taught Nigeria tough lessons, prompting Africa’s biggest economy to launch a $672 million fund to support its tech startups. Nigeria wants to cushion its startups against the kind of situation that Chipper Cash, a victim of the fall of SVB and the bankruptcy of […]

Africa Business International

Zanzibar launches new Wasoko tech hub for start-ups

The launch of the Wasoko Innovation Hub in Zanzibar by African e-commerce company Wasoko, in partnership with the regional government, marks the latest milestone in its rapid growth journey, which saw the start-up named as Africa’s fastest growing company by the Financial Times in May 2022. Located in Fumba Town, the Wasoko Innovation Hub will […]

Energy Headlines Morocco

Morocco’s Cleantech SMEs Get IFC Support

he International Finance Corporation has partnered with Cluster Solaire, an association of Moroccan sustainable energy actors for local industry development and start-up incubation, to support start-ups which design and market clean energy solutions. “Securing a greener future depends on pursuing an inclusive, economically, socially and environmentally beneficial energy transformation,” said Obaid Amrane, Permanent Secretary of […]