In a historic move, Eos Capital, managers of the Namibia Infrastructure Development and Investment Fund (NIDIF), has been granted permission to embark on the Namibia Space Port project. This project, led by Q-KON Namibia, marks a significant leap forward for the country in the realm of satellite communications.
Ampersand and BYD have signed a groundbreaking Memorandum of Understanding to collaborate on decarbonising Africa’s commercial motorbike transport system. This strategic partnership will see Ampersand, the leading EV energy tech company based in Kigali, purchase BYD’s high-tech battery cells to manufacture around 40,000 electric motorcycles by the end of 2026. The long-term goal is to electrify a substantial portion of Africa’s 30 million commercial motorbikes, driving sustainable growth across the continent.
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….
Esther Kimani has been named the winner of Africa’s biggest engineering prize, the Royal Academy of Engineering’s Africa Prize for Engineering Innovation. Her early crop pest and disease detection device stood out for its ability to swiftly detect and identify agricultural pests and diseases, significantly reducing crop losses for smallholder farmers by up to 30% while increasing yields by as much as 40%.
Farada Group, a Polish manufacturer of drones, is set to establish a drone manufacturing company in Kenya, marking a significant step in the expansion of its operations across Africa. Adam Cudny, Chairman of Farada Group, announced that the new drone plant will be located at Konza Technopolis, serving as a hub for drone production and innovation in the region.
Africa Data Centres has secured approximately $108.9 million in funding to expand its data centre capacity, meeting the growing demand for cloud computing services in South Africa. This significant funding milestone was facilitated through a bespoke financing solution arranged by RMB, demonstrating the strong confidence in the South African data centre market.
Airtel Africa has successfully activated the 2Africa submarine cable system, linking Kenya, Tanzania, and South Africa. This monumental achievement is part of one of the largest subsea projects globally, designed to interconnect Africa, Europe, and Asia, enhancing digital connectivity across the continents.
Local fintech start-up Zakhaa is set to revolutionize the financial landscape for small, medium, and micro enterprises (SMMEs) with the launch of its new buy-now-pay-later solution, Zakhaa FlexiPay. Launching tomorrow, this innovative payment system is designed to provide flexible payment arrangements, ensuring steady cash flow and reducing the risk of non-payment for SMMEs.
