investmentsFrench development finance institution Proparco has committed $15 million to Capitalworks IV, a private equity fund targeting $350 million to invest in mid-sized South African businesses.
TechnologyDigital Realty has opened a new 6.4MW data centre in Nairobi, increasing capacity at its local campus to more than 14MW as demand for cloud computing, artificial intelligence and digital services grows across East Africa.
fintechSouth African fintech ZARU has added Absa to its banking network, expanding the financial infrastructure supporting its rand-backed stablecoin as the company targets greater institutional use of blockchain-based settlement.
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start-upsMoroccan e-health startup One Med Link is developing an AI-powered platform that connects clinical workflows, hospital systems and structured health data.
start-upsAfrican education accelerator Injini, with support from funder Coefficient Giving, has launched an eight-month AI for Education Venture Builder and Incubation Programme to help early-stage teams develop and test AI-powered education businesses.
motoringHyundai Motor Group and the African Development Bank are discussing electric vehicles, manufacturing, energy and transport projects in Africa.
start-upsKenyan labour mobility startup Velocity has secured investment from the Africa Jobs Fund to expand its healthcare worker training and placement model into Malawi and Zambia, targeting qualified African nurses seeking employment in Germany.
start-upsAI startup Cognition has raised about $2 billion in new funding, pushing its valuation to roughly $48 billionThe company is behind Devin, an AI tool that can write code and carry out software development tasks.