NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Ghanaian Talent Startup Remoteli Raises £250,000 from Footballer Jeremie Frimpong

Remoteli is a Ghana-based tech talent startup that connects African tech talents with remote workplace services.

Source

TechCabal (link opens in a new window)

Categories

Technology

Region

Sub-Saharan Africa

Tags

employment, startups

ROAM Secures $24 Million in Series a Funding to Expand Electric Motorcycle and Bus Production

Aside from fully-electric transit buses, ROAM currently operates East Africa’s largest electric motorcycle plant.

Source

Electrek (link opens in a new window)

Categories

Technology, Transportation

Region

Sub-Saharan Africa

Tags

decarbonization, electric vehicles

Kenyan Music Distribution Platform Mdundo Projects Unprecedented $1.5 Million Artist Payout

Mdundo has become Africa's leading pan-African music service.

Source

Disrupt Africa (link opens in a new window)

Categories

Technology

Region

Sub-Saharan Africa

Tags

creative economy, distribution, media and entertainment

Nigeria’s Carbon Buys Vella Finance for AI-Powered Business Banking

Carbon's focus is on providing Nigerians with access to credit in the form of instant loans and a BNPL offering. It also offers savings plans and a debit card.

Source

FinExtra (link opens in a new window)

Categories

Finance, Technology

Region

Sub-Saharan Africa

Tags

artificial intelligence, business development, digital payments, financial inclusion, fintech, lending, mobile finance, MSMEs, remittances

Airtel Africa Plans to Set up a New Data Centre in Kenya

Airtel Africa aims to reduce data management costs and enhance the accessibility of digital services by constructing local data centres, thereby encouraging innovation and supporting Africa’s emerging tech talents.

Source

Innovation Village (link opens in a new window)

Categories

Technology, Telecommunications

Region

Sub-Saharan Africa

Tags

data, digital inclusion, startups

How Spotify Helped Turn Afrobeats into a Global Phenomenon

The Swedish music giant is pushing to make Africa’s biggest sound the world’s favorite sound.

Source

Rest of World (link opens in a new window)

Categories

Investing, Technology

Region

Sub-Saharan Africa

Tags

media and entertainment, venture capital

Injaro Raises $17.5 Million Fund to Support SMEs in Ghana and Ivory Coast

The company plans to utilize the fund to invest in leading small and medium-scale businesses (SMEs) in Ghana and Cote d’Ivoire.

Source

Innovation Village (link opens in a new window)

Categories

Investing

Region

Sub-Saharan Africa

Tags

MSMEs, venture capital

World Bank Allocates Nearly $300 Million to Support Renewable Energy Projects in Eastern and Southern Africa through Partnership with TDB

This platform aims to facilitate electricity access for up to 5 million people, clean cooking access for up to 1 million people, and add up to 35MW of energy capacity to the region.

Source

SolarQuarter (link opens in a new window)

Region

Sub-Saharan Africa

Tags

clean cooking, distribution, energy access, lending, off-grid energy, poverty alleviation, renewable energy, solar