Thanks Carbon, a South Korean climate-tech start-up, is making a significant move into Africa’s carbon market with its innovative Haimdall solution. This technology is designed to target government institutions, large-scale agribusinesses, and individual farmers, offering a new avenue for earning profits through carbon credits.
Latitude59, the premier startup and technology event in the Baltic States, is making its return to Kenya. Scheduled for November 28th, 2024, in Nairobi, this marks the second edition of Latitude59 in the city, following a successful event held last December.
Bio-Logical, a Kenyan climate startup, has secured $1.3 million in funding to expand its Mount Kenya biochar facility, boosting production capacity and supporting smallholder farmers across the country. The funding round was led by CrossBoundary, Redshaw Advisors, and existing investors like the Steyn Group, marking a significant step towards scaling up operations.
Nigerian fintech startup Regxta has emerged as the winner of the fourth edition of the Pitch2Win startup competition, earning US$10,000 in equity-free funding and an all-expenses-paid trip to IVS2024 Kyoto, Japan’s largest startup conference. This significant victory highlights Regxta’s innovative approach to providing financial services to unbanked individuals and micro-businesses in rural and peri-urban communities across Africa.
Candi Solar, a leader in solar power solutions for commercial and industrial clients, has successfully closed its Series C funding round, securing a substantial US$38 million in equity investment. This round was led by Norfund, Kyuden International, and STOA, underscoring strong investor confidence in Candi’s mission and growth potential.
Immobazyme, a biotechnology start-up based in Stellenbosch, has announced a significant milestone with the securing of $1.3 million (R24.5m) in its latest funding round. Known for its enzyme immobilisation platform and precision fermentation technologies, Immobazyme plans to utilize this funding to expand its operations, including doubling the size of its facility and enhancing production capabilities….
ICP Hub Kenya has announced a strategic partnership with crypto payments startup Kotani Pay as part of the Olympus Accelerator Programme. This collaboration aims to leverage their unique strengths and resources to drive blockchain technology adoption and empower Web3 developers in East Africa.
Kenya’s capital city, Nairobi, has significantly improved its ranking as one of the most preferred cities for startup investments, climbing 24 places to position 113 globally, up from 137th last year. According to the latest Global Startup Ecosystem Index report by StartupBlink, Nairobi also moved up one spot among African peers to rank third, surpassing South Africa’s Cape Town.
