Category: Funding

The African Development Bank (AfDB) and the United Nations Development Programme (UNDP) have announced a landmark $10 billion artificial intelligence initiative aimed at creating 25 million digital and tech-enabled jobs across the continent.  The African Development Bank Group and the United Nations Development Programme (UNDP) have advanced their collaborative $10 Billion Artificial Intelligence Initiative, moving […]

Vodacom has announced a landmark investment of R1 billion dedicated to expanding and modernizing its network infrastructure across the KwaZulu-Natal province in South Africa.  Vodacom has announced a substantial investment of R1 billion dedicated to upgrading and expanding network infrastructure across South Africa’s KwaZulu-Natal province for the upcoming financial year. Building on a previous investment […]

The Government of Senegal, led by President Bassirou Diomaye Faye has secured a $300 million funding commitment from US-based cybersecurity firm Cybastion to drive major national digitalization and cyber-infrastructure projects.  The Government of Senegal has secured a $300 million funding commitment from U.S. based cybersecurity firm Cybastion to accelerate the nation’s digital transformation and strengthen […]

Pan-African pre-seed investment program Madica has expanded its portfolio by backing five new tech-enabled startups across Algeria, Cameroon and key regional hubs.  Madica, a sector-agnostic venture capital firm backed by global fintech investor Flourish Ventures has announced investments in five new African tech startups expanding its footprint into new markets including Algeria and Cameroon. The […]