Fintech TagPay rebrands as Skaleet

AFRICA – TagPay, an international fintech company offering a back-end technology platform has rebranded as Skaleet.  Its core banking platform is fully interactive with an ecosystem of banks, fintechs and technology partners and has the speed and agility required to quickly launch new personalized services to the market. Skaleet’s ambition is to bridge the gap between complex financial products and customers’ changing needs. In the current new digital world, Skaleet helps financial institutions become faster and more agile in adapting to their customers’ changing needs by offering innovative services and…

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MFS Africa acquires Nigerian fintech startup Baxi

NIGERIA – MFS Africa, the largest pan-African digital payments hub, has announced that it had signed an agreement to acquire Baxi, one of Nigeria’s leading super-agent networks. The deal, which is subject to approval from the Central Bank of Nigeria, will be the second-highest fintech acquisition in Nigeria to date. Nigeria is home to one of the most dynamic markets on the continent; it is Africa’s largest economy and home to the largest number of SMEs and it is also the largest remittance market in Africa and home to one-third…

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Kipeto Wind Power gets US$10m funding for biodiversity conservation

KENYA – Independent Power Producer (IPP) BTE Renewables (BTE) and The Nature Conservancy (TNC) have signed a US$10 million loan agreement for biodiversity conservation around the Kipeto wind farm in Kenya. The facility recently went into commercial operation in July 2021 and the wind farm, the third in operation in the country, has a capacity of 100 MW. The recently signed loan agreement between independent power producer (IPP) BTE Renewables (BTE) and The Nature Conservancy (TNC) will enable biodiversity conservation around the Kipeto Wind Farm. The agreement is a US$10…

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French firms Qair & STOA set up renewables investment platform for Africa

AFRICA – French renewable energy independent power producer Qair, and STOA, the investment holding company created by the Caisse des Dépôts et Consignations (CDC) and the Agence Française de Développement (AFD), has launched a renewables investment platform for Africa, MIHIA Holding (Make It Happen In Africa), in which they respectively hold 51% and 49%, reports Renew Africa. “We have high hopes for the MIHIA platform, dedicated to electricity generated from renewable energy sources on the African continent. This long-term partnership is based on the trust and the quality of the…

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Total Eren joint venture with Sonangol & Greentech to build 35MW solar plant in Angola

ANGOLA – Renewable energy Independent Power Producer, Total Eren, has concluded an agreement with Angola’s state oil giant Sonangol, and energy company Greentech, to jointly develop the 35 MW Quilemba solar photovoltaic (PV) power plant in the Huila Province of Angola. According to the agreement, Sonangol will be acquiring a 30% interest in Quilemba Solar Lda (Quilemba Solar), while Total Eren and Greentech will own 51% and 19% respectively.  “The signing of this agreement represents, on one hand, the strengthening of the partnership with TotalEnergies in Angola and Greentech and, on the other,…

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Fintech Asante closes US$7.5m Series A Funding to scale its credit offerings in Africa

KENYA – Asante Financial Services Group has announced US$7.5 million Series A investment anchored by Goodwell Investments with participation by other investors including Sorenson Impact Foundation and Forsage Holdings.Asante is a high-impact fintech focused on supporting the growth of African Micro, Small and Medium Enterprises (MSMEs). The Series A investment enables Asante to scale its credit offerings to the underserved segment of MSMEs in Kenya and Uganda and expand to Nigeria and Rwanda. “We are delighted to welcome our new investors including Goodwell, Sorenson, and Forsage in our inaugural institutional fundraise. Together, we will advance…

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