Africa CEO Voices News - MidWeek 23

• FAW Trucks expands presence in Kenya export order by TAM Ltd

KENYA – FAW Trucks, a manufacturer of commercial vehicles, has signed an export order for 1,000 vehicles with its Kenyan auto dealer, TransAfrica Motors (TAM) Ltd.?.?.?MORE

• Helios Towers secures US$30m anchor commitment from BII

AFRICA – British International Investment and impact investor, announced its participation in Helios Towers’ US$850 million public bond offering, with a US$30 million anchor commitment.?.?.?MORE

• Brass acquired by Paystack-led consortium

NIGERIA – ?Nigerian fintech startup Brass has been acquired by a consortium led by fintech Paystack to alleviate liquidity concerns and avoid closure.?.?.??MORE

• d.light partners Orange to open up access to off-grid solar energy in Africa

AFRICA -?d.light has partnered with global telecom operator Orange to offer customers in 11 African countries access to d.light’s range of low-cost solar products through the Orange Smart Energies platform. . .??MORE

• Liberty & Justice secures US$5m from investment firm TLG Capital

LIBERIA – TLG Capital, has announced a US$5 million financing line to Liberty & Justice, an African-made swimwear line to expand its manufacturing capabilities, including establishing a new factory in Liberia, further solidifying its position in the international market.?.?.?MORE

• Serengeti Energy secures grant from Proparco?

KENYA – Renewable energy company Serengeti Energy and Proparco have signed a US$271,663 grant agreement to support climate change adaptation for Serengeti Energy’s power plants in sub-Saharan Africa?.?.?.MORE

• LAfricaMobile raises US$4.6m Series A funding

AFRICA – LAfricaMobile, a leading provider of cloud communication and mobile marketing solutions, has secured €4.3 million (US$4.6m) in Series A funding to invest further in its products.?. .?MORE

• DFC invests US$180M in Acorn Holdings

KENYA – Acorn Holdings Limited has signed a US$180 million financing deal with the U.S. Development Finance Corporation (DFC) to develop affordable student housing in Kenya?.?.?. ?MORE

• Four startups selected for Now Accelerator?

AFRICA – NOW Accelerator by Norwegian Offshore Wind has announced the winners for the first offshore wind accelerator, which aimed to drive innovation in the global offshore wind industry.?. .?MORE

• Nine startups selected for Safaricom’s Spark Accelerator Program

KENYA – Safaricom has announced the nine startups selected for its Spark Accelerator Program run in partnership with M-PESA Africa and Sumitomo Corporation to grow and scale their businesses.?. .??MORE