GABF announces multi-million Euro funding commitment to invest in German-African energy startups

GABF announces multi-million Euro funding commitment to invest in German-African energy startups

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AFRICA – The Germany Africa Business Forum (GABF) in collaboration with private partners from the energy industry has announced a multi-million Euro funding commitment to invest in German energy startups that focus on Africa. The funding commitment, which pledges funds to German…

Powerhive Inc raises US$9.3m to expand solar power connectivity in Africa

Powerhive Inc raises US$9.3m to expand solar power connectivity in Africa

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KENYA – Powerhive Inc, a micro-grids operator, has raised US$9.3 million (Sh930 million) in its Series B round of funding to enable the firm expand its solar power connectivity. Powerhive chief executive Christopher Hornor said Toyota Tsusho participated in the latest round…

UK firm to acquire Kenyan logistics and oil firm Comarco for US$30m

UK firm to acquire Kenyan logistics and oil firm Comarco for US$30m

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KENYA – Anglo African Agriculture (AAA), a London Stock Exchange-listed company has announced plans to acquire the Kenyan-based privately-owned port and marine logistics group, Comarco Group (“Comarco”) in a deal valued at US$30 million (Ksh3.6 billion). The transaction will give AAA shareholders…