Meet Pylon CEO Ahmed Ashour and co-founder,  Omar Radi

Pylon, an Egyptian infrastructure management platform for water and electricity companies in emerging markets, has raised a $19 million seed round. The round, a combination of debt and equity, was led by U.S.-based Endure Capital, which is backed by British International Investment (formerly CDC Group), the development finance institution of the U.K. government. Participating investors include Cathexis […]

Meet Adewale Yusuf CEO AltSchool

AltSchool, a Nigerian startup helping individuals to gain technical skills has raised $1 million in pre-seed funding to scale its efforts in training people to become junior to mid-level engineers. The new funding will expectedly be used to advance investment to build its content and curriculum, technology infrastructure and community concept that allows students meet […]

Reps wants Nigerians as CEOs of oil multinationals

Two Bills mandating multinational oil companies and every other multinational firm operating in the country, to appoint qualified Nigerians as their Chief Executive Officers have passed first reading on the floor of the House of Representatives. The two Bills sponsored by the Member representing Degema/Bonny Constituency in the House of Representatives, Hon. Farah Dagogo, stipulate […]

South Africa to cut fuel levy to ease impact of rising prices

South Africa will reduce its general fuel levy for two months and sell part of its strategic oil reserves to mitigate against the impact of rising crude prices stemming from Russia’s invasion of Ukraine. The duty imposed on each liter of fuel will be reduced by almost 40% from April 6 until May 31, Finance […]

UK backs Africa’s ambitious continental free trade initiative

The UK is to support the implementation of the African Continental Free Trade Area UK launches programme of up to £35m to support negotiations and implementation of the African Continental Free Trade Area (AfCFTA). The AfCTFA is expected to lift 30 million people out of extreme poverty, create jobs, and provide new commercial opportunities for […]

US Gov supports newly launched Temane Energy projects in Mozambique

On March 28, 2022, in Vilanculos, Inhambane, the U.S. Government participated in the groundbreaking of the Central Termica de Temane (CTT) power plant and the Temane Transmission Project (TTP). These two energy projects will help to strengthen Mozambique’s energy security, boost access to affordable energy, and support Mozambique’s contributions to the regional power market. The […]