Trump’s USAID Shutdown Strikes Blow to African Startups, Halting Critical Funding
President Trump's executive order has halted USAID funding, affecting vulnerable populations and startups. USAID's Development Innovation Ventures invested over $100 million in Kenyan startups over the past decade.
USAID shutdown: A $100 million setback for Kenyan startups
President Trump's executive order to shut down USAID has halted essential aid worldwide. USAID's Development Innovation Ventures (DIV) invested over $100 million in Kenyan startups over the past decade.
Top 5 Regions for MobilityTech Funding in Africa
Northern Africa attracted $640M in 2023 for electric mobility and digital transformation. West Africa raised $400M in 2023, with Nigeria's Moove securing $110M for vehicle financing.
BasiGo Raises $42M to Accelerate Public Transport Electrification Across Sub-Saharan Africa
BasiGo raised $24 million in Series A equity funding. The funding round was led by Africa50 and included co-investments from multiple firms.
Kenyan E-mobility Startup BasiGo Completes Series A Round of USD 42 M
BasiGo completes USD 42 million Series A funding round. Funding includes USD 24 million in equity and USD 17.5 million in debt facilities.
