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African Development Bank Approves €9.8 Million Investment Funds For Tech Startups In Africa
The investment will support African start-ups, from seed to growth stages, particularly in the tech sector.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- innovation, startups
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How Global Corporations Can Boost Local Renewable Energy Production: The Transformative Potential of D-RECs in Emerging Markets
If the world hopes to address climate change, large corporations must transition away from fossil fuels for their power needs. To that end, corporations can buy renewable energy certificates, allowing them to claim renewable energy use and meet their climate commitments, while providing needed funding to renewable projects. But as Beatrice Kennedy at Powertrust points out, emerging markets generally lack access to this solution. She explores how distributed renewable energy certificates (D-RECs) can address this gap, leveraging blockchain and open-source technology to create a global marketplace for renewable energy generated in emerging countries.
- Categories
- Energy, Technology
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Tesla to Build EV and Battery Storage Factory in Indonesia
It would be Tesla’s third electric vehicle factory outside its home market, and would help to supply growing demand for electric vehicles in the South-East Asian and Pacific region.
- Categories
- Energy, Technology, Transportation
- Region
- South Asia
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Kenyan E-Health Startup Zuri Raises $1.3 Million Pre-Seed to Expand Product, Launch in New Markets
Kenyan e-health startup Zuri Health has raised a US$1.3 million pre-seed round of funding to grow its product offerings and expand into new markets.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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B2B Sales Intelligence Platform Apollo.io to Invest Over $30 Million in India
Apollo.io, an integrated business-to-business (B2B) sales intelligence and engagement platform, helps over 16,000 paying clients automate their sales processes and scale their revenue.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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Pan-African Fintech App, Bamba Lands $3.2 Million Seed Funding
Through an android application, Bamba allows micro-merchants across Africa to run their entire business utilising their phones. Funds will be used to scale the platform.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, MSMEs
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Brazil’s Odata Invests Close to US$80 Million in First Mexican Hyperscale Datacenter
Brazilian datacenter firm Odata has opened its first Mexican hyperscale datacenter after an investment of 388mn reais (US$79mn).
- Categories
- Technology
- Region
- Latin America
- Tags
- data, impact investing
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Indonesian FinTech Firm Xendit Raises $300 Million Series D funding co-led by Coatue and Insight Partners
Xendit, an Indonesia-based payments infrastructure platform, announced Thursday it closed $300 million in Series D funding, taking the total amount raised to $538 million to power the world’s fastest-growing digital economy.
- Categories
- Finance, Technology
- Region
- South Asia
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