
AfricaWorks Insights
June 19, 2025 at 02:33 PM
South Africa’s fastest-growing solar-as-a-service provider, Wetility, has secured a 🇿🇦 ZAR500M (US$27.8M) funding deal with Jaltech to expand clean, affordable solar access to over 1 million homes and businesses. ☀️🔋 The funding will add 16 MW of solar capacity, avoid 250,000+ tons of CO₂ emissions, and accelerate Wetility’s innovative subscription-based solar rollout. 📈🌍 This partnership marks a major step in reshaping South Africa’s residential and SME energy future — one roof at a time. 🏠⚡
🇬🇼 Guinea‑Bissau just scored full approval for Starlink, joining 20+ African nations on SpaceX’s LEO network and tackling a landscape where 67.5 % of people are still offline. 🌐 The satellite service promises to leapfrog fragile fibre links, bringing high‑speed, low‑latency internet to schools, clinics, and rural communities historically left out of the digital economy. 💸 But with hardware at ~$400 and monthly fees of $30‑$50, widespread impact hinges on subsidies, shared hubs, and savvy partnerships to make connectivity truly inclusive.
🇳🇬 Nigeria has signed a $51.2M agreement with a Japanese consortium, backed by JICA, to build a cutting-edge Startup Hub and boost social enterprise infrastructure. 🤝💡The initiative includes a $11.2M digital innovation centre via NITDA and a $40M startup-friendly ecosystem rollout led by NSIA. 🚀 With strong Nigeria–Japan ties and support for President Tinubu’s Renewed Hope Agenda, the project aims to scale homegrown innovation and deepen global tech collaborations. 🌍💼
🚗🇿🇦 MyNextCar has raised $10M to expand its fleet with 1,500 budget-friendly Bolt Lite vehicles, boosting access to ride-hailing for South Africa’s youth and underserved drivers. 🔑 Backed by Emso Asset Management, Bolt, and impact investors, the deal reflects rising confidence in vehicle financing models that drive both mobility and livelihoods. 💼 Despite tensions with minibus taxi operators, the move signals growing institutional interest in inclusive, tech-enabled transport solutions. 🌍

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