Logistic startup Kamtar secures equity investment from Sendy and Toyota

WEST AFRICA – Kamtar, a Francophone logistics platform, has secured an equity investment form Kenyan tech-logistics startup Sendy and Toyota Tsusho Corporation Other investors in the round include Mobility 54 Investment SAS and CFAO’s corporate venture capital arm. Kamtar currently operates in Cote d’Ivoire and Senegal, and targets to expand to other French-speaking West African countries by the end of 2022. The strategic investment will enable Sendy to expand its footprint beyond its current operations in Eastern Africa. Kamtar is a digital logistics startup with 5,000 drivers on its network…

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Tech logistics firm Sendy to raise US$100m for Africa growth

KENYA – Sendy, a Kenyan tech logistics startup, is seeking to raise US$100 million by 2022 to fund the digital logistics platform’s plan to expand in western and southern Africa, reports Bloomberg. The Nairobi-based company, which facilitates door-to-door deliveries between individuals and businesses, will use the funds to commence business in the new markets, including Nigeria, Egypt, Ghana and South Africa, co-founder Malaika Judd said in an interview. Sendy, backed by Toyota Tsusho Corp, is seeking growth and partnerships amid the continent’s push to boost trade through the African Continental Free…

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Facebook announces 13 community leaders as winners of its Community Accelerator Program

AFRICA – Facebook announced the winners of the 2021 Facebook Community Accelerator Program, highlighting the 13 Facebook community leaders from Nigeria, South Africa, and Kenya out of over 13,000 applicants who entered the competition. The winners will receive training, mentorship and up to US$50,000 in funds to invest in an initiative that extends their community’s positive impact. The Community Accelerator is part of Facebook’s Community Leadership Program, a program to help leaders harness the power of their community to turn impactful ideas into action. Leaders will learn how to harness…

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Fintech startup Chari.ma raises US$5m for its expansion plan

MOROCCO – Chari.ma, a fintech and e-commerce startup, has raised US$5 million in the largest venture funding round in the country this year and among the biggest-ever seed funding rounds in the North African nation. The funding round was jointly led by Rocket Internet, Global Founders Capital and P1 Ventures with participations from Plug and Play, Y Combinator, Village Capital, MetLife Foundation, Orange Digital Ventures, Air Angels, SPE Capital, Pincus Private Equity and Reflect Ventures. The Chandaria family, Propertyfinder CEO and founder Michael Lahyani, and the management company of an…

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GreenYellow SAS secures US$5m from MIGA for construction of 30MWp solar PV energy facility

BURKINA FASO – Multilateral Investment Guarantee Agency (MIGA), an international financial institution, has issued a guarantee for US$5.19 million to GreenYellow SAS of France, a renewable energy company. The funding will cover GreenYellow’s equity and quasi-equity investments into Société de Production d’Energie Solaire de Ouagadougou SAS (SPES Ouagadougou) for a period of up to 20 years. The SPES Ouagadougou project consists of the construction, ownership, operation and maintenance of a solar PV energy facility that will ultimately produce 30MWp of power. The electricity output will be sold to Société Nationale…

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Electric car manufacturer Tesla launches its Supercharger stations in Africa

MOROCCO – Tesla, an electric car manufacturer, has installed its first two Supercharger stations in Morocco, marking its first entry in the African market first. These first supercharger station has been installed in Tangier, near the main highway that connects Morocco’s major cities on the Atlantic coast. The company installed four supercharger stations capable of delivering 150kW near the Tangier Al Houara Hilton Resort. The second set of superchargers was installed at the Onomo Hotel in Casablanca, with a similar set of four 150kW charging stations. The two stations will…

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ENGIE empowers 6.5 million Africans with clean Energy via smart integration of mini-grids and new solar home system

AFRICA – ENGIE Energy Access (EEA) says that within 1 year of integrating its decentralized energy businesses, it has considerably expanded its customer base and is now delivering safe and reliable solar energy to 6.5 million people in Sub-Saharan Africa. ENGIE has acquired approximately 200,000 new customers across its 9 markets of operation in Africa throughout 2021, despite the challenges that COVID-19 created, bringing its customer base to more than 1.3 million. Key 2021 milestones achieved to date include growth in customers in Uganda to 600,000, Zambia to 250,000, Benin…

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Insurance company Amenli secures US$2.3m seed round to grow its company

EGYPT – Amenli, an Egypt-based startup backed by Y Combinator and the first Egyptian online insurance firm to be issued an insurance license, has raised US$2.3 million in a seed round to provide insurance services to Egyptians. The new money will be used to grow the company’s personnel, scale quickly, and attract more clients in a market that is predicted to develop at a CAGR of 7% per year over the next five years. Amenli was formed in 2020 by Adham Nauman and Shady El Tohfa to solve Egypt’s $2…

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RwandAir and Qatar Airways ink a milestone codeshare agreement

RWANDA – RwandAir and Qatar Airways have signed a comprehensive codeshare agreement to offer travelers more choice, enhanced service, and greater connectivity to more than 65 destinations across Africa and the rest of the world. As part of the deal, the Rwandan flag carrier will also launch new non-stop flights between their Kigali hub and Doha in December 2021. The agreement benefits travelers from across the globe who fly with both airlines, which expands each carrier’s route network. Customers can enjoy the simplicity of buying connecting flights on both airlines…

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Shelter Afrique and Cameroon to establish a housing company

KENYA – Shelter Afrique, a pan-African finance institution,  has approved the establishment of a construction company in Cameroon at an estimated cost of US$15 million.  The Industrial Housing Corporation (IHC) is a joint venture initiative that will be managed under a Special Purpose Vehicle (SPV), with Shelter Afrique owning 51% of the Company and the Government of Cameroon owning 49% (through the Housing Ministry and Urban Development). “The Company will be established based on Public and Private Partnership through which the Government of Cameroon will designate a location and provide the…

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