Raxio gets $100m IFC funds to develop African data centre platform
The debt funding from IFC will help Raxio double its deployment of colocation data centers within three years, addressing growing demand in underserved markets across the continent.
Samuel Mungadze
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1:40
1:10
Binance, AltSchool Africa to empower youths
According to Binance, the project comes at a time when digital skills would be required for 230 million jobs in Sub-Saharan Africa by 2030.
3:50
Fintech Lesaka completes $96m Adumo buyout
The transaction was finalised with the issuance of 17,279,803 shares of Lesaka's common stock and a cash payment of $13.4 million, resulting in a total purchase consideration of $96.2 million.
2:30
Ethiopian fintech, Kifiya, makes history
Kifiya is the first Ethiopian company to win a silver award in Africa's product innovation category at the Global SME Finance Awards.
2:00
Lesaka buys payment platform Adumo for $85m
The purchase price will be paid in the form of shares of Lesaka common stock and $12.5 million in cash.
1:40
Sony Innovation Fund invests in South African game firm Carry1st
Sony Innovation Fund: Africa invests in entertainment start-ups including those in the gaming, music, movie, and content distribution sectors.
4:20
Custom digital solutions are no longer reserved for large enterprises
Research by Microsoft shows that 47% of small businesses find the cost of new technologies to be the most restrictive factor to adoption.
1:10
Sony targets African entertainment start-ups with $10m fund
Sony Innovation Fund: Africa will invest in the gaming, music, movie, and content distribution sectors.
1:10
Liquid preps young South Africans for digital future
Through its youth empowerment programme, Liquid is providing training and business funding, with a new focus on AI skills.
1:30
SA credit regulator, IFC announce hackathon for credit providers
The initiative seeks to encourage and facilitate the adoption of digital processes for regulatory compliance by small credit providers.
2:40
Knife Capital closes $50 million African series B fund
The primary focus is on high-growth, scalable South African B2B tech companies with considerable impact potential and exit options.
2:00
First-of-its-kind research on gender equality in Africa’s e-commerce space
Increasing the number of women selling on online platforms through training and financial support is key to inclusive growth on the continent.