Cleantech deals top as startups in Africa secure $2Bn in seven months
African startups under cleantech lead in attracting financing with two massive funding deals sealed by Sun King and d.light. FinTech follows in funding volume reported, while African startups with a focus on big data and analytics are equally gaining momentum. Across July, six acquisitions were...
Revving up: Africa’s auto industry steers toward prosperity
Africa’s automobile industry is growing at 7 per cent annually. Morocco overtakes South Africa as Africa largest automobile manufacturer. Volkswagen leads foreign investment in Africa automobile manufacturing investment. The Africa automobile industry is growing rapidly driven by rising middle class income and demand for public...
Ethiopia’s EEP Towers to rule over East Africa’s skyline at 1,074 feet
EEP Towers or Ethiopian Electric Power (EEP) Towers will be the headquarters of the utility and possibly East Africa’s tallest building. Construction of EEP Towers estimated to cost $445 million. Currently, at 1,292 feet, Iconic Tower in Egypt is the tallest structure in Africa. Ethiopia...
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