The WIOCC Group has secured a substantial finance package from IFC, Proparco, and Rand Merchant Bank to advance its expansion strategy across the continent. This initiative aims to bolster digital connectivity and infrastructure in the Democratic Republic of the Congo, Nigeria, and South Africa, addressing the rising demand for colocation and data centre services.
MTN Uganda has successfully completed its first public offering, achieving the minimum 20% public float required by regulatory standards. This milestone underscores MTN’s commitment to local participation and compliance with Uganda’s Securities Exchange listing rules and Communications Commission regulations.
The Lagos State Government has entered into a landmark Memorandum of Understanding with Interswitch eClat to establish and operate the Lagos Smart Health Information Platform. This collaboration aims to revolutionize healthcare operations in Nigeria, addressing longstanding challenges in the sector.
Exciting news from Infobip! The global cloud communications platform has officially become an Independent Software Vendor (ISV) with access to Oracle Integration Cloud, marking a significant milestone in enhancing customer experiences across various sectors. Now, businesses leveraging Oracle solutions can seamlessly integrate Infobip’s powerful omnichannel platform via Oracle Cloud Marketplace (OCM), enabling them to orchestrate robust interactions that drive customer satisfaction, sales growth, and campaign performance.
Epson is set to revolutionize the inkjet printing industry with a significant investment of KES 4.2 billion in a new factory at Tohoku Epson. The construction, which began on June 15, 2024, and is slated for completion by September 2025, aims to quadruple the current printhead production capacity, reinforcing Epson’s commitment to innovation and sustainability.
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.
Nvidia has surged to become the world’s most valuable company after its share price hit an all-time high on Tuesday. The stock closed at nearly $136, up 3.5%, surpassing Microsoft in market value and overtaking Apple earlier this month.
