(Ecofin Agency) - Ugandan Fintech Asaak announced it has raised $30 million from a group of investors to support its business. The company provides credit to motorcycle cab (boda boda) drivers based on their personal and financial data.

“Bodaboda riders are the lifeblood of Africa, moving people and cargo from home to school to work. They just need access to motorcycles which leads them to better income opportunities and makes them able to …

General Manager of Konnect, Africa Mr Phillipe Baudrier addressing the stakeholders during the Konnect launch in Dar es Salaam.

Dar es Salaam. A French company is planning to invest €25 million (about Sh64 billion) in high-speed satellite broadband in a space of 15 years from now.

Konnect Broadband Tanzania Limited, a subsidiary of Global Eutelsat Group launched the internet service in the country yesterday.

The African Development Bank has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions.

The north of Angola has a surplus of more than 1,000 MW of mostly renewable power, whereas the south relies on expensive diesel generators, supported by government subsi…

Kickoff ceremony of Opportunities in Africa Summit 2023 in Dakar, in partnership with DER with a delegation from Pace University.