Browsing: Proparco

• PROPARCO and the IFC, are scaling up of renewable energy production in both Kenya and DRC. 
• The two organisations will support Nuru, an early-stage company that provides decentralized and low-carbon power solutions in DRC. 
• PROPARCO will invest in the first close of E3 Low Carbon Economy Fund I (LCEF), which based in Kenya.

Two renewable energy investments in the Democratic Republic of Congo (DRC) and Kenya will receive financial backing to enhance their low-carbon power solutions.

The move comes after PROPARCO and IFC announced plans to support scale up of renewable energy in the two countries. PROPARCO and IFC are members of the Alliance for Entrepreneurship in Africa.

The two organizations declared support for Nuru, an early-stage startup that offers decentralized and low-carbon electricity solutions in the DRC, during the Paris summit for a new global funding agreement.

“Our support for Nuru, delivered with partners through the Alliance for Entrepreneurship …

Banking in Tanzania is taking a different shape and form as competitive banks such as CRDB Bank begin injecting serious resources to transform banking and businesses.

Banks are now offering a rather creative element of financial services. Agents, ATMs, mobile and internet banking are transforming how people exercise financial services while bringing the gap between the banked and unbanked population.

• Global Finance has recently awarded CRDB Bank best bank in the country.
• CRDB Bank is the first bank in Tanzania to be rated by Moody Investor Services.
• CRDB Bank singlehandedly becomes the first bank in the country to have pulled a successful deal of raising funds from international markets.

From that standpoint, CRDB Bank is working tirelessly to play its part in improving the welfare of small and medium-sized businesses by offering them realistic and creative banking services that lead as an example for other banks in Tanzania.

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• Moringa has received an undisclosed amount of investment from Proparco to support its expansion outside Kenya
• The tech-based learning institution said it has already begun training Software Engineers in Ghana and soon Nigeria with a plan to scale to other African countries in the next 12 months
• Moringa said the investment from Proparco will help them in preparing for Series A funding in 2023

Multi-disciplinary learning accelerator Moringa has received an undisclosed amount of investment from Proparco to support its expansion outside Kenya.

In a statement seen by The Exchange Africa, the tech-based learning institution said it has already begun training Software Engineers in Ghana and soon Nigeria with a plan to scale to other African countries in the next 12 months.

The career accelerator for Tech professionals in Africa has been training High School/University Graduates to be Software Engineers and Data Scientists for the past seven years in Kenya …

• Aga Khan Hospital will use the funding to support covid-19 pandemic response
• The funding will benefit hospital and outreach centres in Tanzania and Kenya
• Qualifying groups to receive care at no cost

Aga Khan Hospital will start offering quality care treatment to qualifying needy patients at no cost. The development comes thanks to EUR 2.3 million of grant funds issued to the Aga Khan Hospitals in East Africa (Tanzania and Kenya) by France, through the French Development Agency.

The funding has been issued through Proparco, the private sector financing arm of AFD Group, the French Development Agency to help increase access to health care services by boosting oxygen supply and supporting needy patients with quality care.

“France has made supporting health systems one of the priorities of its covid-19 pandemic response and has been at the forefront of the European and international efforts to support developing and emerging countries through …