Nigeria launches $672 million tech fund

Here’s a list of all the Twitter Spaces we’ll be holding to celebrate our 10th-year anniversary.

• March 14—Beyond Funding: Meet the team leading TechCabal’s newsroom. Why is TechCabal telling the kinds of stories we are telling now, and how this thinking has influenced our expansion drive? How is TechCabal’s editorial leadership driving this? 

• March 16—Building newsletters readers want. How has TechCabal grown to build seven newsletter products, and what drove this growth? How does TechCabal measure success when it comes to its newsletter products, and what are its plans? 

• March 23—What is the future of tech in Africa? In the last 10 years, the African tech ecosystem has evolved quickly. We know this firsthand at TechCabal. What does the future look like? Join us for an insightful conversation with Ola Brown, Stephen Deng, Hope Ditlhakanyane, and Ngozi Dozie where we answer these questions. 

Who brought the money this week?

This week, Nuru, an energy company based in the Democratic Republic of Congo (DRC), secured $1.5 million in a Series B funding round. The company is on track to build 13.7MWp of isolated solar-hybrid grids by mid-2024 and aims to provide world-class connectivity to five million clients in the DRC. 

The Renewable Energy Performance Platform (REPP), Proparco, and E3 Capital each invested $500,000 in Nuru, bridging the financing gap for its $25 million Series B equity fundraising.