Globeleq acquires 66 MWp solar PV plant in Egypt

EGYPT – Africa-focused renewable energy independent power producer Globeleq, has completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MWp solar PV plant located at the Benban Solar Park near Aswan, Egypt.  The ARC plant was developed by the SECI Energia, Enerray and Desert Technologies consortium as part of the second round of the Egyptian government’s feed-in-tariff program and achieved commercial operation on 4 November 2019 and provides clean electricity to the Egyptian Electricity and Transmission Company (EETC) under a 25-year power purchase agreement. The project was…

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US firm Vantage to construct US$1.02b state-of-the-data centre in South Africa

SOUTH AFRICA – US-based provider of hyperscale data centres, Vantage Data Centres, has announced the beginning of construction on its new R15 billion (US$1.02 billion) state‐of‐the‐art data centre campus in South Africa, reports IT Web. In a press statement, the company says the first phase of the 80MW campus is scheduled to come online in the third quarter of 2022 and will be based in Waterfall, Gauteng. The announcement comes after another US-based multinational Oracle also revealed it is set to build a data centre facility in Johannesburg – it’s…

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Grit Real Estate to acquire Orbit Africa facility in Kenya

KENYA – Mauritius-based Grit Real Estate Income Group has secured funding of US$31.5 million for the acquisition, expansion, and redevelopment of the Orbit Africa warehousing and manufacturing facility in Nairobi, Kenya. The funding was secured from Mezzanine Partners GP Proprietary Limited and BluePeak Private Capital with backing from an International Finance Corporation (IFC) debt facility. “The total purchase consideration of US$53.6 million will be settled by way of US$25 million in senior debt finance negotiated with the International Finance Corporation, a member of the World Bank Group, and US$28.6 million…

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Esports platform GBarena raises six-figure pre-Series A funding

EGYPT – The Cairo-based e-sports and tournaments platform GBarena has successfully raised six figures in its latest funding round led by key angel investors Ahmed Aboudoma, Kushal Shah, and HIM Angels VC network.  Founded in 2016 backed by Cairo’s AUC Vlab, the fast-growing esports and tournaments platform Gbarena set forth to create an online gaming community connecting gamers with tournaments organizers and providing organizers with a platform where they can manage and organize their own tournaments seamless through fully automated processes. Gbarena’s revenue-generating opportunity lies in the intricacy of its…

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Nigeria’s Eden Life closes US$1.4m Seed Funding Round

NIGERIA – Africa’s first home services app for scheduling food, laundry and cleaning services, has completed a US$1.4 million Seed round, led by UK-based LocalGlobe, along with participation from Samurai Incubate, Future Africa, Village Global, Rising Tide Africa and Enza Capital. The funding round brings Eden Life’s total investment to date to US$2 million following pre-seed backing from all of Andela’s original co-founders, and additional accelerator support over the last 18 months. The new capital raised will be deployed to build out Eden Life’s in-house technology and develop its own…

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Pay@ and FinChatBot partner to launch a first of its kind payment solution in South Africa

SOUTH AFRICA – Pay@, South Africa’s leading payment solutions provider, has announced its partnership with FinChatBot, a global technology company specializing in conversational Artificial Intelligence (AI) solutions to develop a first-of-its-kind payment solution for the South African market. The payment solution will be launched in the last quarter of 2021, with plans to expand it to other territories in the future. By combining conversational AI with the ability to process payments via a number of channels (including in-store, mobile payment processing apps, EFT and bank card payments over USSD, and…

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