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Analysis: Development Finance Institutions Are Looking to Africa’s Digital Frontier for Impact and Returns
Development finance institutions have long funded traditional finance and infrastructure projects in Africa; now they’re increasingly backing Africa’s digital future. What will this mean for the continent?
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- startups
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Ethiopia Switches on Controversial Dam
Ethiopia has generated its first electricity from the Grand Renaissance Dam in defiance of Egypt and Sudan who fear it will decrease their access to Nile water.
- Region
- Sub-Saharan Africa
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M-KOPA Raises $75 Million as It Clocks 2 Million Customers Across Four African Markets
A 2019 World Bank report says 85% of Africans live on less than $5.50 per day. A large percentage of these adults are unbanked and underbanked.
- Region
- Sub-Saharan Africa
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GEF Council Approves US $74.3 Million Project to Reduce Deforestation in Liberia
The Global Environment Facility (GEF) Council has approved a US$74.3 million full-size child project under the GEF-funded Food Systems, Land Use and Restoration (FOLUR) Impact Program that is led by the World Bank.
- Categories
- Environment
- Region
- Sub-Saharan Africa
- Tags
- climate change
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South Africa Fintech Clickatell Wins $91 Million in its Latest Round of Funding
Clickatell, a Cape Town-founded and California-based fintech firm, CPaaS innovator and creator of the Chat Commerce platform announced it has secured $91-million in its latest Series C round of funding.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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AgDevCo Secures $90 Million of DFI Funding to Further Invest in African Agribusinesses to Deliver Jobs, Incomes, and Food
AgDevCo announced a $90m package of new funding from the CDC Group, Norfund and DFC which will allow AgDevCo to continue to grow its investment activities in agriculture across Sub-Saharan Africa.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- gender equality
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Women, Green SMEs to Reap Big From Absa’s KSE 1.25 Billion Loan Facility in Kenya
Absa Bank Kenya Plc Monday signed an Sh1.25 billion Loan Portfolio Guarantee Facility with the African Guarantee Fund (AGF) to boost credit accessibility for local small businesses, including startups.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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UK Pledges £10 Million for Energy Projects In Nigeria
The UK is providing up to £10 million of concessional aid to reduce the risk for pension and insurance funds to invest in energy access projects, and support Nigeria’s COP26 commitments.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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