Updates on private and public projects in Eastern Africa

Econet to invest in data centres in Africa


  • Strive Masiyiwa has raised more than $1 billion for the data centres
  • This is a critical investment given the rise in supply of digital services across Africa and the need for cloud storage

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Shemu plc, Ethiopia invests $40 million to expand edible oil plant


  • Current domestic production of edible oils only meets two thrids of the country’s needs
  • The expansion will allow the company to increase production to 950 tonnes a day from current 230 tonnes daily

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Solar powered laptops for school children in Madagascar


  • The initiative is a collaboration between Malagasy solar start up, Jirogasy and UK battery developer, Aceleron
  • The computers are built in Madagascar and the batteries are made in Kenya

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Kasada Capital acquires hotel portfolio from AccorInvest


  • The acquisition comprises 8 hotels in 3 West African countries: Senegal, Cameroon and Cote d’Ivoire
  • The hotels are operational and cater to intra-regional business travellers

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Rwanda launches solar powered irrigation project for horticulture sector


  • The project will be launched in Ngoma district
  • 2400 farmers will benefit from the initiative
  • Rwarri will also provide training on sustainable agriculture methods

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