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African Tech Startup Investment Falls 28% to $2.4 Billion in 2023 as Global “Funding Winter” Begins to Bite
This is the first time the sector, which has expanded so exponentially in the last few years, has declined since 2016.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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India Announces Scheme to Install Rooftop Solar on 10 Million Homes
The scheme is intended to not only reduce the electricity bill of the poor and middle class but also make India self-reliant in the field of energy.
- Categories
- Energy, Technology
- Region
- Asia Pacific
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Ampersand, a Rwandan E-Bike Startup, Raises $19.5 Million in a Funding Round
The Ampersand fleet has increased to over a thousand since its commercial launch in May 2019, and by the end of 2024, it is projected to surpass ten thousand.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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Coltan Discovered in Kenya
Deposits of the mineral have been found in six counties across the country, but their value is yet to be determined.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, mining, renewable energy
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How African Startups Raised Funding in 2023
With equity funding becoming rare, several startups found it hard to survive, leading them to either cut down their teams or scale down operations and, in some cases, close shop.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Press Release: As Digital Credit Surges, New Research Shows Need for Greater Consumer Protection
A report from leading anti-poverty research organizations provides new insights into the relationship between the digitization of credit and economic development in an era of overlapping crises.
- Categories
- Finance, Technology
- Region
- Global
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Exxon Files Lawsuit Against Investors’ Climate Proposal
Exxon says the investors are "driven by an extreme agenda" and that their repeated proposals do not serve investors' interests or promote long-term shareholder value.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Rwanda’s New $300 Million Clean Energy Project Unveiled
According to the Ministry of Finance and Economic Planning (MINECOFIN), the adoption of the financing agreement by Parliament is “a pivotal step toward universal access to electricity.”
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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