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Digitisation of Remittances Can Support Africa’s Economic Recovery
Across the continent, where tourism and hospitality have come to a grinding halt, thousands of jobs have been lost in both the formal and informal sectors. Amidst this gloomy narrative, a shining light has been the formidable resilience of remittance flows into African markets after the initial shock of the pandemic and national lockdowns.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Press Release: CrossBoundary Energy Fully Exits First Fund at 15% Net Internal Rate of Return (IRR), Raises $40 Million To Continue To Scale Financed Solar for Businesses in Africa
CrossBoundary Energy (CBE) today announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing $40M in new equity funding to exit initial investors and support CrossBoundary Energy to continue to develop, construct and operate distributed commercial & industrial (C&I) solar projects that will provide businesses across Africa with access to cheaper, cleaner power.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Etherisc To Offer Blockchain-Based Crop Insurance To Kenyan Farmers
The project aims to provide a blockchain-based parametric insurance platform that helps protect smallhold farmers from the effects of climate change.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Helping To Undo the Red Tape That Ties up Social Entrepreneurs in Bureaucratic Knots
Running a profitable and sustainable business while making a worthwhile social impact makes things extra tough for social entrepreneurs. These enterprises urgently need more formal support to help them continue doing the good work they do.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Solar Fridges and Powdered Vaccines: How To Get a COVID-19 Vaccine To the Developing World
UNICEF is building a global network of fridges and cold rooms—the cold chain—to make sure a vaccine stays effective as it’s transported to rural communities off the grid.
- Categories
- Coronavirus, Energy, Technology
- Region
- Sub-Saharan Africa
- Tags
- supply chains, vaccines
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Crypto-Enabled Sun Exchange Expands in Africa With Solar-Plus-Storage Project for Nhimbe Fresh
Sun Exchange, the world’s first peer-to-peer solar leasing platform, has announced its expansion into sub-Saharan Africa with the launch of the crowdsale for Phase 1 of a multiphase 1.9 megawatt (MW) solar-plus-storage project for Nhimbe Fresh, a premier exporter of fresh produce in Marondera, Zimbabwe. This will be the largest Sun Exchange solar installation to date and the first outside South Africa.
- Categories
- Agriculture, Energy
- Region
- Sub-Saharan Africa
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After Fintech, Jumia Is Betting on Spinning off Its Logistics Arm To Deliver Profits
When it first launched in Nigeria in 2012, Jumia quickly realized just how much work was needed to build a logistics service that could enable its e-commerce ambitions across the continent.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Press Release: Bamboo Capital Partners, the Government of Madagascar and the World Bank Partner To Launch USD$40 Million Energy Access Fund for Madagascar
Bamboo Capital Partners (‘Bamboo’), the impact investing platform, has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund (‘OMDF’ or ‘the Fund’), a USD$40 million renewable energy access fund.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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