Investment – Page 2 – Hakuna Matata Media

Safaricom Invests Sh104.8B in Health Digitization

4 months ago4 months ago03 mins

Safaricom has unveiled a transformative Sh104.8 billion investment in Kenya’s healthcare sector, aiming to leverage technology to enhance the nation’s health system. This initiative aligns with the Ministry of Health’s vision for universal quality healthcare and will unfold over ten years to develop an integrated Healthcare Information Technology System (IHTS). The move underscores Safaricom’s commitment to societal transformation through innovative solutions.

Airtel Africa Foundation Introduces $500k Fellowship Program

4 months ago4 months ago03 mins

The Airtel Africa Foundation has launched its inaugural ‘Airtel Africa Fellowship Program’ for undergraduate students at the Indian Institute of Technology (IIT) Madras in Zanzibar, Tanzania. This marks a significant milestone as IIT Madras Zanzibar is the first international campus of the renowned Indian institution.

Paymob Raises $22M in Series B Extension

4 months ago4 months ago03 mins

Paymob, the Egypt-born fintech startup, has successfully secured an additional $22 million in funding, boosting its Series B round total to $72 million. This latest investment comes on top of the $50 million raised in 2022, bringing Paymob’s total funding to over $90 million since its inception.

African Originals Secures $2M in Pre-seed Funding

4 months ago4 months ago03 mins

African Originals, the company behind popular craft beverage brands Kenyan Originals and 5.8, has successfully secured $2 million in funding, led by Phoenix Beverages Limited. This significant investment marks a major milestone for African Originals, enabling the company to scale its operations, expand its product range, and reinforce its commitment to sustainability and community impact.

Gates Foundation Supports Field’s $11M Maternal Health Initiative

4 months ago4 months ago04 mins

Field, an African healthtech leader, has launched a groundbreaking route-to-market service aimed at combating maternal mortality, newborn and child health issues, and improving nutrition across the continent. This initiative leverages Field’s proprietary technology and extensive distribution network, which serves over 40,000 healthcare providers in Kenya and Nigeria. The service is supported by an initial $11 million grant from the Bill & Melinda Gates Foundation, underscoring the commitment to introduce innovative therapies and transform supply chains to address Africa’s urgent health priorities.

Sierra Leone Signs $50M Digital Deal with China

4 months ago4 months ago03 mins

Sierra Leone’s government has secured a $50 million agreement with China National Technical Import & Export Corporation to fund the SMART Sierra Leone Project. This significant deal was finalized in Beijing during the Forum on China–Africa Cooperation (FOCAC) Summit, a key event aimed at strengthening ties between China and African nations.

IRA Launches Geothermal Investment Facility in East Africa

4 months ago4 months ago03 mins

The Insurance Regulatory Authority (IRA) has introduced a new initiative aimed at fostering investment in geothermal energy projects across East Africa. The newly launched Geothermal Risk Underwriting Facility is designed to utilize local insurance capital to mitigate risks associated with renewable energy projects, thus encouraging private sector investment in the sector.

Chpter, Kenyan E-commerce Startup, Secures $1.2M Pre-seed Funding

4 months ago4 months ago04 mins

Chpter, a Kenyan e-commerce startup founded by the team behind YC-backed Marketforce, has successfully raised $1.2 million in a pre-seed funding round. This significant milestone comes as Chpter gears up to enhance its technology stack and expand its operations into Egypt and Nigeria. The company, established in 2022 by Tesh Mbaabu, Mesongo Sibuti, Kuria Kevin, and Mark Kiarie, specializes in transforming social media into a robust sales platform through chat, order, and payment tools.