Africa-focused early-stage investor Chui Ventures has closed its first fund at $17.3 million and announced plans for a second vehicle targeting $60 million. The firm backs seed-stage startups across the continent with a gender-inclusive investment strategy. Fund I attracted capital from the Mastercard Foundation Africa Growth Fund, the Michael & Susan Dell Foundation, and other…
Kenya’s electric bus company BasiGo has received funding from Proparco, the French development finance institution, to support its expansion in East Africa. The investment follows BasiGo’s $41.5 million Series A round completed last year and comes as the company accelerates deployment of electric buses in Kenya and Rwanda. BasiGo provides electric buses, charging infrastructure and…
Storm Byron is threatening to heap new miseries on Palestinians in Gaza, with families making distress calls from flooded tents and hundreds of others fleeing their shelters in search of dry ground as the fierce winter storm lashes heavy rains on the besieged territory. Officials warned Wednesday that the storm was forecast to bring flash…
Eskom has formally created a new renewable energy subsidiary, Eskom Green, as part of its unbundling process – a move aimed at accelerating the utility’s expansion into South Africa’s fast-expanding clean energy sector. Government hopes to complete the unbundling by 2030. A phased approach will allow Eskom and the state to manage financial, legal and…
The UN refugee agency’s (UNHCR) prestigious Nansen Award is shining a light on the people proving that compassion and solidarity with displaced communities remain strong – even in some of the most difficult places on earth. This year’s honourees include five remarkable laureates from Cameroon, Mexico, Ukraine, Iraq and Tajikistan, each recognised for their courage,…
Plastic waste is an internationally traded commodity, which can be recycled into reusable materials, whereas plastic litter is the pollution that results from untreated waste. PHOTO/Wikimedia Commons. By PATRICK MAYOYO [email protected] The ubiquitous plastic beverage bottle makes up about half of plastic waste collected for recycling in the U.S. Most recycled plastic is processed domestically,…
Larry Ellison, Oracle’s co-founder and chief technology officer, appears at the Formula One British Grand Prix in Towcester, U.K., on July 6, 2025. Jay Hirano | Sopa Images | Lightrocket | Getty Images Oracle shares fell 7% in extended trading on Wednesday after the database software maker reported lower quarterly revenue than expected despite booming…
Samsung SA extends SOS+ to more Galaxy devices. Samsung South Africa has expanded its device-embedded 24/7 emergency support tool to a wider range of Galaxy devices. Provided by AURA, Samsung SOS+ allows users to connect with emergency responders in critical situations. In an emergency, it geolocates the user and dispatches the nearest private security or…
Cotonou — The failed coup attempt in Benin highlights the divisions among the countries of West Africa. On the night of December 7-8, some members of the National Guard attacked the presidential residence in Cotonou, occupied the state television headquarters, and then announced live on television the removal of President Patrice Talon, the suspension of…
The Chairperson of the African Union Commission, H.E. @ymahmoudali, today received H.E. Ms. Reem Alabali-Radovan, Germany’s Minister for Economic Cooperation and Development. Their meeting reaffirmed the strong AU-Germany partnership and underscored the need to further deepen strategic cooperation in support of Africa’s development priorities. The Chairperson welcomed the German Chancellor’s initiative in deepening relations with…
