These projects encompass a range of technologies, including mini-grids, solar installations for commercial and industrial clients, and small-scale independent power plants (IPPs) with a capacity of up to 25MW.
Kholo Capital will target investments ranging from R70 million to R200 million ( $3.8 million to $10.9 million USD) in SMEs demonstrating a minimum EBITDA of R25 million ($1.4 million USD).
The move, unveiled this week, marks a strategic diversification for the company, initially known for its e-commerce operations serving informal retailers.
The acquisition underscores the growing importance of NG911 systems, which are designed to replace traditional analogue infrastructure with digital, IP-based networks.
Instabug, the Egyptian-founded mobile app observability platform, has announced a change in leadership as co-founder Omar Gabr steps down from his role as Chief Executive Officer after 13 years.
Perhaps the most intriguing, and arguably audacious, element of this “New Technology Deal” is the government’s decision to parachute in leaders from the sharp end of Senegal’s booming startup ecosystem.
