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PEG Africa raises $1.5 million from leading debt investors to support distribution of solar home systems in Ghana
PEG Africa (PEG) has announced a $1.5M USD debt raise to fund the purchase of solar home systems that will reach 75,000 people in Ghana. The funding was raised from leading energy access debt providers, and follows a $7.5 million equity round in June 2016.
- Categories
- Energy, Impact Assessment
- Region
- Sub-Saharan Africa
- Tags
- impact investing, solar
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Solar Lighting Company D.light Raises $7.5 Million and Reveals Plans for a Solar-Powered TV
D.light, a for-profit social enterprise that manufactures and distributes solar-powered products aimed at “off-grid” communities, has raised $7.5 million in a debt financing round from investment management company Developing World Markets.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy, solar
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Why Zuckerberg, Gates And Omidyar Are Investing in Fintech for the Poor
According to a report published in early September, Facebook is currently considering acquiring mobile money giant M-Pesa that launched in Kenya in 2007. While the news is not yet confirmed, it could be a sound deal for Facebook in terms of their presence in the sphere of online-remittances (what Facebook Messenger and other messengers are trying to develop right now) and projects like Internet.org to provide people from unbanked and emerging markets with access to digital services, which Zuckerberg has promoted a lot in the past.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, impact investing
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AMIR, SEEP and Mastercard in partnership to promote transparency in microfinance sector
An initiative that seeks to enhance consumer protection and promote responsible financing has been launched in Kigali. The second phase of the Responsible Finance through Local Leadership and Learning programme also seeks to promote financial transparency in the microfinance industry.
- Categories
- Impact Assessment
- Region
- Sub-Saharan Africa
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E-health startup Dr CADx wins Seedstars Harare
Computer-aided diagnostics startup Dr CADx was named the winner of the Seedstars World event in Harare, Zimbabwe, over the weekend, and will now proceed to the global final to pitch for up to US$1 million in funding.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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International lenders battle to keep up with Kenyan rivals as mobile borrowing turns into a craze
Six broke university students were sitting in a room at Maseno University back in 2013, discussing how best to spend their Friday night. Without money, however, their options were looking pretty limited and very dull. As they glanced down at their phones in the hopes of finding a miracle, one of the students came across a text message he had received from M-Shwari, a mobile loans product that had launched a year earlier.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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International Lenders Battle to Keep Up With Kenyan Rivals as Mobile Borrowing Turns Into a Craze
Six broke university students were sitting in a room at Maseno University back in 2013, discussing how best to spend their Friday night.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
-
This Startup Wants to Get Cameroon Talking About Sex
“Many people in Africa lack access to basic information regarding sexual health because of the taboo that surrounds the topic.” That’s according to Cameroonian entrepreneur Adamou Nchange Kouotou, founder of Africa Health Initiative – the creator of Kalanda app.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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