In a major boost for internet connectivity across underserved African communities, Mawingu Networks, a leading Internet Service Provider (ISP), has secured USD 20 million (approximately Kes 2.6 billion) in debt funding backed by Pembani Remgro Infrastructure Fund II (PRIF II). This substantial investment represents a pivotal moment in the company’s ambitious expansion strategy to bridge […]

British International Investment, the United Kingdom’s development finance institution and impact investor, has announced a strategic $20 million commitment to Acumen’s Hardest-to-Reach Initiative, marking a significant step forward in addressing Africa’s persistent energy poverty crisis. The investment, channeled through the initiative’s debt-focused vehicle known as H2R Amplify, aims to expand access to affordable, reliable, and […]

In a calculated move that signals Mastercard’s deepening commitment to Africa’s digital transformation, the global payments giant has taken a minority stake in Smile ID, the continent’s dominant identity verification provider. The September 25, 2025 announcement extends an existing partnership and positions both companies at the epicenter of Africa’s $1.5 trillion digital economy race. The […]

In a landmark commitment to sustainable development and international partnership, European Commission President Ursula von der Leyen has announced a substantial €545 million Team Europe investment package designed to dramatically accelerate Africa’s transition to renewable energy. The announcement, delivered via video message at the prestigious Global Citizen Festival during the United Nations General Assembly proceedings, […]