Online astrology and spiritual tech platform Astrotalk has turned unicorn at a valuation of $1 billion through an ESOP buyback for more than 100 employees, according to the company.
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Analysts say South Africa, Morocco, Kenya, Ethiopia and Ghana are among the countries best positioned to attract Chinese EV investment because of their industrial capacity, supportive policies or growing electricity infrastructure.
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As India’s quick-commerce platforms race to deliver everything from groceries to smartphones in minutes, electric mobility startup Yulu has seized the boom, raising $93 million in fresh funding.
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The Interledger Foundation (ILF) has launched its Local Impact Mini-Grants programme, a new funding initiative designed to empower grassroots organisations and community leaders working to expand digital financial access and open payment innovation around the world.
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The European Commission has announced that the Scaleup Europe Fund was fully operational, with investments “expected in the coming weeks.” But its first deal was actually made public the very next day.
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Infinimmune has amassed further fuel to power its antibody discovery engine, netting a $75 million series A headlined by Regeneron’s venture arm.
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The grants support rigorous, action-oriented research focused on school leadership and improving learning outcomes across Africa. Successful researchers will also work with policymakers, practitioners and school leaders to help turn research evidence into meaningful change.
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Tanzania has fully opened its domestic government securities market to global investors, removing restrictions that had largely limited foreign participation to residents of the EAC and SADC and Tanzanians in the diaspora.
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The Africa50 initiative has secured US$50 million in investments from international finance institutions to boost early-stage investment for climate-resilient projects across the continent.
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Eight African entrepreneurs have been selected by the American Society of Mechanical Engineers (ASME) as regional venture finalists for the ASME Innovation Showcase (ISHOW), the prestigious international accelerator of hardware-led social innovation.
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Under the terms of the deal, Boeing has agreed to sell Wisk Aero and two other subsidiaries to Archer in exchange for an ownership stake in the company, according to a regulatory filing released Monday.
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