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US pharmaceutical and biotechnology firm, Moderna, has discontinued its endeavors to build an mRNA manufacturing facility in Kenya. The firm said this in a statement on Thursday, Apr 11. Moderna Has Not Received Vaccine Orders For The Continent Since 2022…
Pesa, a Nigerian cross-border financial services provider, has announced its expansion into India following impressive results serving the West African diaspora (Nigeria, Ghana, and Cameroon). PESA Now Available In India After achieving $2 million in revenue (and profitability) in its…
In a revolutionary development intended to light up millions of Nigerian households and businesses, the federal government has approved plans to give subsidies to developers and operators of solar mini-grids in unserved and underserved areas. This initiative is backed by…
In a breakthrough initiative to give women the power to drive growth in the Middle East and North Africa (MENA) region, Mastercard and Women Choice have entered into a partnership. This collaboration has set itself an ambitious target of creating…
Sudan is gradually recovering from a communications crisis, with mobile network operators still having difficulties bringing back full coverage even two months after a deadly internet shutdown. The blackout, which caused almost 49 million people to live in a near-info…
Airtel Africa has made a notable move of repurchasing its shares from Citigroup Global Markets Limited. Airtel bought back 8.6 million ordinary shares from Citigroup. The buyback plan was initiated on March 1, 2024. The unique move is part of…
SunCulture, a climate tech company from Kenya leading the way in agribusiness innovation has raised $12 million as a key investment. This will be essential in extending the use of SunCulture’s pioneering solar irrigation solutions to many smallholder farmers in…
Verod-Kepple Africa Ventures (VKAV) has surpassed a significant milestone by closing its first fund at $60 million. The latest funding round includes support from Nigeria’s SCM Capital, formerly Sterling Capital Markets Limited, along with other notable investors such as Taiyo…
Renew Capital, an investment firm, has made its first investment in Ghana by investing in Ghana Affinity. This is also Renew Capital’s first investment in Africa. This comes just a month after the launch of its latest tech fund, Renew…
Procera Group, a South African based company, has secured $18.8 million (R346 million) from Vantage Capital, an African fund manager. With this new investment, Procera can take its business services into the global market. About Procera Group Procera Group, a…