Koolboks, an African-focused climate tech startup, has successfully raised $11 million to scale its solar-powered, IoT-enabled refrigeration units across the continent and other emerging markets. The funding round, a combination of equity and debt, was led by KawiSafi Ventures, with Aruwa Capital Management and All On reinforcing their support. Debt financing came from FFEM and…
Hassanein Hiridjee, founder and CEO of AXIAN Group, has officially joined Jumia Group’s Supervisory Board, according to a recent SEC filing. This move comes at a critical juncture for the e-commerce giant, coinciding with the resignation of Angela Mwanza, Managing Director at Rockefeller Capital Management. Hiridjee’s appointment signals Axian’s intent to play an active role…
Vertiv has announced the successful completion of its ~$200 million acquisition of the Great Lakes Data Racks & Cabinets family of companies, marking a significant step forward in expanding its portfolio of white space infrastructure solutions. Great Lakes, established in 1985 and headquartered in Edinboro, PA, is a leading manufacturer of innovative data rack enclosures…
Bboxx has announced the return of Justus Mucyo as its new Chief Operating Officer, marking a pivotal moment in the company’s mission to deliver clean energy and digital services across Africa. In this role, he will steer operational excellence and sustainable growth across Bboxx’s eight markets, collaborating closely with the Group CEO and country Managing…
Ghana is set to become Africa’s first AI-powered agricultural hub following a landmark $100 million investment from Degas, a global agri-tech firm. The announcement came after a meeting between President John Dramani Mahama and Degas CEO Doga Makiura in Yokohama, Japan. This strategic partnership underscores Ghana’s growing appeal as an innovation-driven investment destination and marks…
MTC Namibia has taken a historic step by officially launching its 5G network, making it the first operator in the country to roll out next-generation mobile technology. The service has gone live in Ongwediva, Swakopmund, Walvis Bay, and Windhoek, with a nationwide rollout planned over the coming months. This development signals the beginning of a…
Digital Realty has announced the opening of its third data center in Lagos, marking another significant milestone in strengthening its presence in West Africa. The new facility, LKK2, located in Lekki, adds nearly 2MW of installed IT capacity and approximately 13,000 square feet of data hall space. This expansion is set to accelerate digital transformation…
Hormuud Telecom Somalia Inc. has once again achieved a major milestone with the re-certification of its EVC Plus platform by the GSMA Mobile Money Certification programme. This recognition places EVC Plus among only ten services worldwide to meet the GSMA’s stringent global standards. The certification underscores Hormuud’s commitment to operating with transparency, security, and resilience,…
