Hello guys, welcome to today’s Big Five Daily digest. Let’s run through together and share your opinion afterwards.
Channels Television, The Guardian and Legit.NG – Nigeria – were part of the 87 winners of Google News Initiative (GNI) – YouTube innovation funding. This fund will aid newsrooms and publishers to fortify their video capabilities and innovate new formats for video journalism.
We also have great news for African power projects as United Kingdom commits an extra £100 million to enable thousands of sub-Saharan Africa populace first time access to electricity. This investment augments the £48 million funds previously released for the Renewable Energy Performance Platform (REPP) to support about 40 renewable energy projects over the next five years.
Expensya from Tunisia has raised a £4 million ($4.5 million) funding to accelerate its growth. This latest round was led by French investment firms Seventure Partners and ISAI, as well as existing investors, TDR and business angels.
The African Development Bank (AfDB) has announced its approval of a $7.5 million investment into Africa Tech Ventures (ATV), an equity investment to Boost Investment Program. This is a combined partnership between AfDB, the European Commission and the European Investment Bank – which has already committed US$10 million to the Fund.
And finally, three companies from Burundi, Malawi, and Uganda will be receiving a total of $2,808,295 from the Mastercard Foundation Fund for Rural Prosperity (FRP). The backing is to support projects that expand financial inclusion in rural Africa.
That is the end for today. Till tomorrow!