Inspiring Africa's Sustainable Business Growth
DRC – The United States Agency for International Development (USAID) has allocated renewable energy company Baobab+ US$1.5 million to grow in the Democratic Republic of the Congo (DRC), giving access to electricity to enable access to finance. “We sincerely thank DIV for their support. This grant was key to our development. It allowed us to expand in the DRC and…
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DRC – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement with Equatorial Power (EP), committing US$1.7 million to scale the company’s innovative mini-grid model in the Democratic Republic of the Congo (DRC) and Rwanda. The project will see the companies co-develop four new mini-grids and four agri-processing hubs (APHs) on Idjwi Island, DRC, followed…
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DRC- Global payments technology company Visa has announced plans to establish local business operations in the Democratic Republic of Congo as it seeks to expand digital payments in the country. The firm marked the official opening of its Kinshasa office and a series of partnerships in the Democratic Republic of Congo during a visit by Al Kelly, Visa’s Chairman and…
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DRC – Aleph Hospitality, a Dubai-based independent hotel management company, has signed a management contract with Congo-based Sokerico Group to operate Kertel Suites in Kinshasa. The boutique property, which is currently under development, is set to open in Q1 2023, and on opening the hotel will set a new benchmark for the hospitality sector in Kinshasa with its all-suites accommodations…
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DRC – KCB Group, the Kenyan financial services holding company, is set to acquire a majority stake in DRC-based TMB Bank, marking its entry into the country with a population of over 93 million people. The transaction is expected to close by the end of the third quarter of 2022, subject to regulatory, shareholders, and other approvals. KCB will acquire…
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DRC – The Beyond the Grid Fund for Africa (BGFA) is launching a €15 million (US$15.99m) funding round to support electrification through off-grid renewable energy solutions in the Democratic Republic of Congo (DRC). Off-grid solar energy providers operating in the Democratic Republic of Congo (DRC) have the opportunity to receive funding to accelerate their activities. Managed by the Nordic Environment…
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DRC – The United Arabs Emirates (UAE) has announced interest in investing in the Democratic Republic of Congo (DRC)’s solar energy sector. The countries, through two companies, entered into a Memorandum of Understanding (MoU) to pave way for the production of 30 megawatts in DRC. The MoU was signed between DRC’s state electricity company Société Nationale d’Électricité (SNEL) and AMEA…
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EAST AFRICA – The Democratic Republic of the Congo (DRC) has joined the East African Community (EAC) becoming its 7th Partner State. Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda are the other members. The DRC is the largest and most populous country to join the EAC, bringing a market of 90 million people and immediately upgrading the region’s GDP…
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DRC – Paratus Group, a pan-African internet service provider, has confirmed its expansion into the Democratic Republic of Congo (DRC). By adding DRC to its terrestrial network, Paratus Group now boasts a unique and contiguous footprint in Africa. Paratus has offices in seven SADC countries; four data centres; five satellite teleports with 6 000 customer sites; the Google Equiano Cable…
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DRC – International Finance Corporation (IFC) has begun work with the Government of the Democratic Republic of Congo (DRC) to bring clean, solar energy to over 1.5 million homes, businesses, schools, and clinics in the country under the World Bank Group’s Scaling Mini-Grid (SMG) program. The SMG program was designed to help the DRC and other emerging countries establish public-private…
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