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💵 EIB Global invests $75 million in Helios Fund V
🇿🇲 Flutterwave expands operations with launch in Zambia
💰 Supamoto secures €4 million investment for clean cooking solutions
🔍 Capi Money secures €17.2 Million in Series A funding to transform global trade for SMEs in emerging markets
🧑🏽💻 AWS unveils Ocelot marking a leap forward in Quantum Computing |
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| | | | | If you haven't subscribed, join over 7,000 people curious about Innovation, New Products, New Technologies in Africa. | |
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| | | | | 💵 INVESTMENTS | EIB Global invests $75 million in Helios Fund V | | he European Investment Bank (EIB Global) has officially announced a significant investment of $75 million in Helios Fund V, which is managed by Helios Investment Partners. This strategic investment aims to bolster the growth of various companies that are pivotal in enhancing digital infrastructure, including data centers, fiber-optic networks, and telecommunications towers. | In addition to infrastructure, the fund will also focus on tech-enabled business services such as cloud computing, health technology, and logistics technology. Furthermore, it will support advancements in financial services and technology, encompassing areas like banking technology, payment solutions, and financial management software. The fund is also committed to investing in companies that contribute to healthcare, education, and training initiatives....…continue reading |
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| | | | | 🇿🇲 PAYMENTS | Flutterwave expands operations with launch in Zambia | | Flutterwave, recognized as one of Africa's leading payments technology company, has officially obtained a payment system license to operate in Zambia. This significant development enables Flutterwave to offer affordable and secure mobile money services to enterprises within the country, thereby facilitating both local and international trade while enhancing financial inclusion and driving economic growth. | The opportunity for Flutterwave in Zambia is considerable, particularly in light of the country's rising internet penetration and the growing reliance on mobile money for everyday transactions. Mobile money adoption plays a crucial role in Zambia, contributing nearly 70% to the nation's financial inclusion rate. By leveraging Flutterwave's mobile money collection and payout services, Zambian businesses across various sectors can streamline their transactions, reduce operational costs, and scale their operations effectively in both local and global markets..........…continue reading |
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| | | | | 🧑🏽💻 COMPUTING | AWS unveils Ocelot marking a leap forward in Quantum Computing | | Amazon Web Services (AWS) has made a significant advancement in its quest to develop commercially viable quantum computers with the introduction of its first quantum computing chip, Ocelot. This prototype chip has the potential to accelerate development timelines by up to five years, bringing practical quantum computing closer to reality. | Quantum computing has the potential to revolutionize multiple industries by performing complex calculations at unprecedented speeds and solving problems beyond the capabilities of traditional computers. However, one of the biggest challenges in this field is the error-prone nature of qubits, the fundamental building blocks of quantum information. Qubits are highly susceptible to external noise and disturbances, leading to processing errors. To address this, error correction techniques are required, but these typically demand a large number of physical qubits to ensure the reliability of the logical qubits used in computations.........…continue reading |
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| Sign up to start learning. | | | | | 💰FUNDING | Supamoto secures €4 million investment for clean cooking solutions | | The Private Infrastructure Development Group (PIDG) and EDFI Management Company, through the Electrification Financing Initiative (ElectriFI), have jointly invested €4 million to significantly enhance the operations of Emerging Cooking Solutions (Supamoto) in Zambia. | Supamoto offers a clean cooking solution that utilizes biomass pellets and features internet-of-things (IoT) enabled, fuel-efficient stoves. These stoves are designed to reduce greenhouse gas emissions while making use of local waste products. This investment, facilitated through InfraCo, PIDG's project development arm, marks one of the initial investments PIDG has made in Africa's clean cooking sector........…continue reading |
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| | | | | 📍Register for your PMP exam training here | | Join the next cohort as we start the PMP certification exam training on the 15th March 2025. | Register now by clicking here |
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| | | | | 💰FUNDING | Capi Money secures €17.2 Million in Series A funding to transform global trade for SMEs in emerging markets | | Capi Money, an innovative platform aimed at helping businesses throughout Africa facilitate payments to their international suppliers, has successfully raised €17.2 million in its Series A investment round. This funding will be utilized to scale its international payments platform, which is specifically designed for small and medium-sized enterprises (SMEs) in emerging markets, with a primary focus on Africa, Latin America, and China. | This significant fundraising effort was spearheaded by Creandum, with participation from Janngo and several angel investors, | This funding allows Capi Money to expand the team, launch new markets, and accelerate product development. But more than that, it fuels their mission of growing GDP in emerging markets by making the global financial system fairer and more accessible.........…continue reading |
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| | | | | OTHER STORIES | Kholo Capital Mezzanine Debt Fund I closes at $76.1 million to support SMEs in Southern Africa……..continue reading Can NIPOST Be an E-commerce Powerhouse?……continue reading Google Launches Free AI Coding Assistant, Gemini Code Assist, for Everyone….continue reading BII Supports Summit Africa's Launch of $20 Million Private Equity Fund II…..continue reading Clearwater Capital acquires SnoLink Logistics….continue reading
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| | | | | OPPORTUNITIES | Applications are now open for the latest edition of the Tony Elumelu Entrepreneurship Programme (TEEP), designed to support startups through comprehensive training, mentorship, and a funding opportunity of US$5,000 Deadline = 1st Mar 2025……..continue reading Global payment card network Visa has announced the opening of applications for the fourth edition of its biannual Africa Fintech Accelerator. Deadline = 15th March 2025…….continue reading
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Innovation Village |
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