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Analysis: A Swedish Nonprofit Is Creating the Largest Startup Hub in East Africa
In one of its newest enterprises, the nonprofit is building the largest startup hub in east Africa, in Rwanda’s capital, Kigali.
- Categories
- Environment, Investing, Social Enterprise
- Region
- Sub-Saharan Africa
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Earnipay Secures $4 Million Seed Funding to Provide On-Demand Salary to Employees in Africa
Founded by Nonso Onwuzulike to improve the financial well-being of employees, Earnipay uses its technology to offer employees the opportunity to access their earned salaries into their accounts flexibly, in real-time and interest-free.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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CDC Group Is Partnering with FirstBank to Support Women and Small Business Owners with a $100 Million Credit Facility
We announced today a US$100 million finance facility to First Bank of Nigeria Limited (FirstBank). This new facility will direct funding to women-owned and led businesses as well as to local small and medium-sized enterprises (SMEs) in Nigeria.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Tanzania, Uganda, and South Africa Are the Top African Markets for Remittance Inflows in Kenya
Diaspora remittances decreased by 3.4 percent, as Kenyans working and living abroad sent home $338.7 million (Sh38.3 billion) in January 2022 compared to a monthly record high of $350.6 million (Sh39.6 billion) in December.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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African Development Bank Group Commits $164 Million to Promote Renewable Energy In Nigeria, 5 Other Countries
Nigeria is among five other African countries that will benefit from the African Development Bank Group (AfDB) Leveraging Energy Access Finance Framework (LEAF).
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy, scale
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Joint SDG Fund Doubles Its Portfolio to $114 Million in Catalytic Impact Investments
The UN Joint SDG Fund announced a historic expansion of its portfolio to five new markets across the globe with US $54.5 million in additional investments to rescue the Sustainable Development Goals.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Analysis: Inside Facebook’s African Sweatshop
Here in Nairobi, Sama employees who speak at least 11 African languages between them toil day and night, working as outsourced Facebook content moderators.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Remedial Health Raises $1 Million Pre-Seed Funding to Digitise Africa’s Neighbourhood Pharmacies
Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical sector more efficient, says it has raised $1 million in pre-seed funding.
- Categories
- Health Care, Social Enterprise, Technology
- Region
- Sub-Saharan Africa
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