Market News

 Pan-African development website ElicitAfrica.com reports Investec made the acquisition through its African private equity capability. The move will see the asset management service partner with Mobisol, a well-established solar power provider to low income households in Tanzania and Rwanda. Th . . .

 Virunga National Park is located in the Democratic Republic of Congo (DRC) near borders with Uganda and Rwanda. It was established as the first national park in Africa in 1925. Now a UNESCO world site, it is the most biologically diverse protected area on the continent and is home to the world . . .

 BBOXX Ltd, a London-based provider of off-grid solar systems active in many parts of Africa, has secured $20 million in Series C funding from a consortium of international backers and investors.Founded in 2010, BBOXX has been active in many parts of sub-Saharan Africa, bringing its distributed . . .

 solutions has opened its first retail shop here last week under a new consumer brand name whereby it will now be known as Zola.   Zola is an adaptation to the Swahili word "sola" (solar) and will serve as the brand of the company's operations in Rwanda and Tanzania and evolve into a pan . . .

 For the millions of people living in remote rural areas of Ethiopia who lack access to the power grid or cannot afford electricity, . Instead of relying on kerosene, candles, dry cell batteries and other fossil fuel-based sources of power, they can now turn to off-grid solar to light up their . . .