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African Cleantech Deals Stand Over Regular VC Funding Like A Familiar Solar Tower
In a report released last November, the International Energy Agency predicted a sun-enabled boom in countries across the continent. This forecast could provide hundreds of millions of African homes with clean electricity for the first time.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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The Race to Bridge the Gap in African Genomics Data Research Is Winning Investors Over
The new round marks rapid growth by a company which was founded just over a year ago with ambitious plans to build the world’s first and largest African bio-bank.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
- Tags
- venture capital
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In Africa, COVID-19 Crisis Puts Squeeze on Millions Who Rely on Remittances
Remittances amount to 5% of GDP in at least 13 African countries. For some, like tiny Lesotho, they amount to 23% of its annual income. With stay-at-home orders throwing millions out of work in Western countries, millions of Africans are feeling the pinch.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Kenyan Startups Among Winners of Google’s Accelerator Program
“The start-ups accepted into the program will receive free support from Google around technology improvement, product improvement, design, growth and leadership training. They will also be paired with a Google Start-up Success Manager to work with them to improve their businesses,” said Dorothy Ooko, Google’s head of communications in Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- accelerators, SDGs, startups
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An Invention That Could Salvage African Soil From Poor Yields
The UD Tech Farm System is a social impact innovation kit that instantly analyses the soil moisture, the pH and nutrient levels, and then sends an SMS notification to the farmer in real-time.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Report: Over 500 Million Mobile-Money Users Expected in Africa in 2020
With 50 million new accounts created on the continent in 2019 and a 12% increase in registered users, Africa is by far the leading continent for mobile-money services. However, growth is uneven from one region to another.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Jack Ma Foundation Searches for Africa’s Business Heroes
Initiative aims to allocate US$100m in grant funding, training programmes and support to develop an entrepreneurial ecosystem.
- Region
- Sub-Saharan Africa
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Safaricom, Vodacom Acquire M-PESA Payments Platform
“Our joint venture will allow Vodacom and Safaricom to drive the next generation of the M-PESA platform, an intelligent, cloud-based platform for the smartphone age. It will also help us to promote greater financial inclusion and help bridge the digital divide within the communities in which we operate.”
- Categories
- Finance
- Region
- Sub-Saharan Africa
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