Latest news with #Senegal-based
Business Insider
03-07-2025
- Business
- Business Insider
African startups raise $1.35 billion in the first half of 2025
African startups collectively secured $1.35 billion in funding during H1 2025, a 78% surge from the $800 million raised in the same period last year. African startups raised $1.35 billion in H1 2025, a 78% increase from the same period in 2024. June 2025 was the strongest funding month in nearly a year, with $365 million secured. Monthly fundraising exceeded $250 million four times in H1 2025, averaging $237 million per month. Startups across Africa raised $365 million in June, making it the continent's strongest funding month in nearly a year and capping a robust first-half (H1) performance in 2025. According to new data from Africa: The Big Deal, African startups collectively secured $1.35 billion in funding during H1 2025, a 78% surge from the $800 million raised in the same period last year. The June upswing represents more than just a one-month rally. 2025 has seen consistent momentum, with monthly fundraising crossing the $250 million threshold four times already, a notable departure from the sluggish investment climate of early 2024. The average monthly funding in H1 2025 now stands at $237 million, up from $133 million in H1 2024 to $187 million across the full year. The current performance also puts H1 2025 nearly on par with H2 2024's total of $1.37 billion, with only a marginal 1.5% decline — showing a level of sustained investor confidence not seen in recent years. Equity deal flow rebounds Equity investments accounted for $950 million in H1 2025, representing a 79% increase from H1 2024. While the figure trails H2 2024's equity haul by a modest 7%, it reflects a strong rebound in venture capital appetite across African markets, particularly in sectors like fintech, health tech, and logistics. Debt financing sees surge Debt funding, which appeared to lag in early 2025, saw a dramatic turnaround in June. The month closed with $227 million in announced debt deals, the highest monthly figure in more than two years. Senegal-based fintech company Wave alone accounted for $137 million of that total.
Zawya
05-05-2025
- Health
- Zawya
Basketball Africa League and City of Dakar Unveil Renovated Basketball Court in Yoff, Senegal
BAL ( and Speak Up Africa Hold Basketball Clinic and Malaria Prevention Workshop for 50 Boys and Girls at Newly-Refurbished Court; New Court Supports NBA Africa's Commitment to Build 1,000 Basketball Courts on the Continent Over the Next Decade. The Basketball Africa League (BAL) and the City of Dakar today unveiled a newly-renovated basketball court in Yoff, Senegal. The court, which will provide a safe space for the local community of more than 5,000 to learn and play the game, is part of the BAL's commitment to leave a lasting legacy in the communities where it operates and supports NBA Africa's commitment to build 1,000 courts on the continent over the next decade. The court was unveiled at an opening ceremony by the Secretary General of the City of Dakar, Mouhamed Diop; Mayor of Yoff Community, Seydina Issa Laye Samb; NBA Africa CEO Clare Akamanzi; and BAL President Amadou Gallo Fall. Following the ceremony, the BAL, in collaboration with Speak Up Africa – an African-led, Senegal-based organization working with leaders and changemakers in Africa and beyond to solve Africa's pressing sustainable development challenges – held a basketball clinic and malaria prevention workshop for 50 boys and girls ages 16 and under in recognition of World Malaria Day that took place on April 25. The workshop was designed to equip the participants with tools and resources to help them drive awareness of malaria prevention and testing in their communities. 'Today's court unveiling, basketball clinic and malaria prevention workshop reflect our commitment to giving back to the communities where we operate,' said Fall. 'We look forward to continuing to inspire, empower and elevate youth in Senegal and across Africa through the game of basketball.' The Secretary General of the City of Dakar expressed a similar sentiment, emphasizing the significance of the collaboration. He stated, 'The City of Dakar is proud to team up with the BAL for the realization of this project that brings hope and opportunities for our youth. The inauguration of this court in Yoff symbolizes our ongoing commitment to sports and community development. This collaboration demonstrates our desire to create inclusive spaces where sport becomes a vector of education, social cohesion and fulfilment for all Dakar residents.' The court unveiling took place in conjunction with the 2025 BAL Sahara Conference group phase that concludes today at the Dakar Arena. Distributed by APO Group on behalf of Basketball Africa League (BAL). Karinne Jouanelle, City of Dakar, +221 77 649 51 25, karinejoua@ Social Media: Facebook: Instagram: Threads: X: YouTube: About the BAL: The Basketball Africa League (BAL), a partnership between the International Basketball Federation (FIBA) and NBA Africa, is a professional league featuring 12 club teams from across Africa that tipped off its fifth season in April 2025. Headquartered in Dakar, Senegal, the BAL builds on the foundation of club competitions FIBA Africa has organized across the continent and marks the NBA's first collaboration to operate a league outside North America. Fans can follow the BAL (@ theBAL) on Facebook ( Instagram ( Threads ( X ( and YouTube ( and register their interest in receiving more information at
Yahoo
23-04-2025
- Business
- Yahoo
Woodside weighs Trump tariff impact on $1.2 billion Louisiana LNG project
By Christine Chen and Roshan Thomas SYDNEY (Reuters) -Woodside Energy , Australia's top gas producer, said on Wednesday it was assessing the impact of U.S. tariffs and other trade measures on its Louisiana liquefied natural gas plant project as it inches towards a final go-ahead. Woodside acquired the project, formerly called Driftwood, from Tellurian for $1.2 billion last year to position itself as a 'global LNG powerhouse'. The first of four development phases is expected to cost $16 billion. In a quarterly update, CEO Meg O'Neill said the company was 'assessing the potential impacts of recent tariff announcements and potential further trade measures on Louisiana LNG', after U.S. President Donald Trump imposed universal tariffs on nearly all trading partners this month. O'Neill said the plant was in a foreign-trade zone which allowed it to defer payment of tariffs until each LNG train was completed. However, around half of the equipment and materials needed to develop the project would need to be imported. 'Around 25% of Louisiana LNG's estimated capital expenditure is equipment and materials, approximately half of which is currently expected to be sourced from the U.S.,' she said. "If energy prices come under further pressure as a result of tariff-related growth pressures, it could make things trickier for Woodside down the track," said Tim Waterer, chief market analyst at KCM Trade Global. To improve the project's economics, Woodside announced earlier this month it sold a 40% interest in Louisiana LNG's export terminal to U.S. investment firm Stonepeak, funding 75% of the project's spending in 2025 and 2026. It also signed its first offtake agreement with Germany's Uniper for 1 million tonnes per annum last week. 'We are pleased with the strong level of interest from potential strategic partners and are advancing discussions targeting further equity sell-down,' O'Neill said. 'We are progressing at pace towards a final investment decision on Louisiana LNG, positioning Woodside as a global LNG powerhouse.' The update comes as the company reported revenue of $3.32 billion for the quarter ended March 31 on strong gas hub-linked prices and the start-up of its Senegal-based Sangomar project. The result beat a Visible Alpha consensus estimate of $2.79 billion and was up 13% from the $2.95 billion reported a year ago. On a quarterly basis, the firm reported a decline of 5% in revenue, attributed to a fall in oil-linked prices, cyclone impacts at its North West Shelf project and unplanned train outages at its Pluto LNG project. Shares of the company rose as much as 3.9% to A$20.470 as of 0036 GMT, while the broader energy sub-index gained 3.1%, tracking a rise in global oil prices. Woodside kept its 2025 production and capital expenditure forecast unchanged. Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
Woodside weighs Trump tariff impact on $1.2 billion Louisiana LNG project
By Christine Chen and Roshan Thomas SYDNEY (Reuters) -Woodside Energy , Australia's top gas producer, said on Wednesday it was assessing the impact of U.S. tariffs and other trade measures on its Louisiana liquefied natural gas plant project as it inches towards a final go-ahead. Woodside acquired the project, formerly called Driftwood, from Tellurian for $1.2 billion last year to position itself as a 'global LNG powerhouse'. The first of four development phases is expected to cost $16 billion. In a quarterly update, CEO Meg O'Neill said the company was 'assessing the potential impacts of recent tariff announcements and potential further trade measures on Louisiana LNG', after U.S. President Donald Trump imposed universal tariffs on nearly all trading partners this month. O'Neill said the plant was in a foreign-trade zone which allowed it to defer payment of tariffs until each LNG train was completed. However, around half of the equipment and materials needed to develop the project would need to be imported. 'Around 25% of Louisiana LNG's estimated capital expenditure is equipment and materials, approximately half of which is currently expected to be sourced from the U.S.,' she said. "If energy prices come under further pressure as a result of tariff-related growth pressures, it could make things trickier for Woodside down the track," said Tim Waterer, chief market analyst at KCM Trade Global. To improve the project's economics, Woodside announced earlier this month it sold a 40% interest in Louisiana LNG's export terminal to U.S. investment firm Stonepeak, funding 75% of the project's spending in 2025 and 2026. It also signed its first offtake agreement with Germany's Uniper for 1 million tonnes per annum last week. 'We are pleased with the strong level of interest from potential strategic partners and are advancing discussions targeting further equity sell-down,' O'Neill said. 'We are progressing at pace towards a final investment decision on Louisiana LNG, positioning Woodside as a global LNG powerhouse.' The update comes as the company reported revenue of $3.32 billion for the quarter ended March 31 on strong gas hub-linked prices and the start-up of its Senegal-based Sangomar project. The result beat a Visible Alpha consensus estimate of $2.79 billion and was up 13% from the $2.95 billion reported a year ago. On a quarterly basis, the firm reported a decline of 5% in revenue, attributed to a fall in oil-linked prices, cyclone impacts at its North West Shelf project and unplanned train outages at its Pluto LNG project. Shares of the company rose as much as 3.9% to A$20.470 as of 0036 GMT, while the broader energy sub-index gained 3.1%, tracking a rise in global oil prices. Woodside kept its 2025 production and capital expenditure forecast unchanged.
Reuters
22-04-2025
- Business
- Reuters
Woodside Energy posts 13% rise in first-quarter revenue
April 23 (Reuters) - Australia's top gas producer Woodside Energy ( opens new tab posted a 13% rise in first-quarter revenue on Wednesday, boosted by Senegal-based Sangomar project's start-up in July 2024 and strong gas-hub linked prices. The Perth-based energy firm reported revenue of $3.32 billion for the quarter ended March 31, compared with $2.95 billion a year earlier, beating a Visible Alpha consensus estimate of $2.79 billion. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
