Daily Digest

Daily Digest Tuesday, 28 September 2021

Funding In Emerging Markets

Zola Electric raises US$90mn funding to accelerate its drive to distribute renewable energy in sub-Saharan Africa

And in this age of unconventional rise in funding and valuations, any startup having raised that amount of venture capital could be easily worth a billion dollars. Read more

Pan-African company Baobab+ secures US$11.7mn for operational expansion

The sum will also allow Baobab+ to expand its activities in the southern part of Africa with the main objective of serving one million households over the next five years. Read more

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Latest News

Sendy & Lami Technologies join forces to Launch Per-Trip Insurance Policies in Kenya

This partnership supports the logistic industry by digitizing access to insurance for transporters, protecting them against all risks of physical loss or damage from any external cause during transit. Read more

Mobility fintech startup Moove expands to Cape Town as it eyes pan African growth

Plans are set to establish a presence in more locations over the coming months, and the choice of the second city in South Africa reflects a population approaching 60 million people of which 67% live in urban areas. Read more

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