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Nine Business Models for Productive Use of Electricity in Africa: A Framework for Generating Profit and Impact in Off-Grid Energy
Improving energy access in rural Africa is crucial for poverty reduction, but grid electricity is often inaccessible or unaffordable — and off-grid alternatives present similar challenges. Olowo Aminu, Bodunde Akinola, Nneka Chime and Mosorire Aiyeyemi at CrossBoundary argue that Productive Use of Electricity (PUE) has the potential to solve these issues, boosting household income and economic growth, while increasing profitability for energy providers. They share a framework CrossBoundary has developed to help off-grid companies and other stakeholders plan for effective PUE implementation.
- Categories
- Agriculture, Energy, Environment, Technology
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Float, a South African Buy-Now-Pay-Later Startup, Secures $11 million to Launch its Card-Linked Installment Platform
Float encourages responsible credit card usage and, at the same time, helps merchants to grow their sales.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Universal Music Group Acquires Majority Stake in Mavin Global to Boost Nigerian Music Globally
This acquisition will boost the growth of Nigerian music companies by providing more opportunities to showcase talent globally.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Press Release: Ten US Startups Selected for Social Innovation for Resilient Future Accelerator
Through workshops, mentorship, and catalytic capital, the accelerator program will help the startups develop the necessary networks and tools to scale their impact.
- Categories
- Social Enterprise
- Region
- North America
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Vietnam Kicks off First 5G Spectrum Auction
VNA reports that the MIC has set a target to provide 5G coverage to 99% of the population by 2025, with minimum data speeds of 100 Mbps.
- Categories
- Technology, Telecommunications
- Region
- South Asia
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Leveraging Market Systems Development for Women’s Economic Empowerment: Four Tools for Designing Programs That Promote a Gender-Inclusive Economy
Market Systems Development (MSD) interventions are a promising way to boost women's economic independence in emerging markets. But as Sarah Bove, Teresa Oliveira and Julieta Ocampo at TechnoServe explain, since most MSD programs haven’t specifically targeted women, there's little evidence on how this approach can address their exclusion from key sectors. They offer insights from TechnoServe's Women in Business MSD initiative in Mozambique, sharing a set of tools that can be used by other MSD programs to maximize women’s economic empowerment.
- Categories
- Social Enterprise
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Shadowfax Confirms $100 Million Round to Fuel Instant Delivery Push
Shadowfax is one of the largest logistics service providers to hyper-local and on-demand delivery businesses in India.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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India Okays $15 Billion of Milestone Chip Plant Investments
While still merely blueprints, the approvals advance India’s semiconductor ambitions.
- Categories
- Technology
- Region
- Asia Pacific