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Nigeria’s Cowrywise Raises $3 Million Pre-Series a to Scale Its Wealth Management Platform
Cowrywise, a Nigerian fintech startup that offers digital wealth management and financial planning solutions, has raised $3 million in pre-Series A funding. Quona Capital led the round as Tsadik Foundation, Gumroad CEO Sahil Lavingia, and a syndicate of Nigerian angel investors locally and in the diaspora participated. The company previously raised more than $500,000 through a combination of equity financing and grants.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, fintech, scale, startups
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Rwanda Receives Over USD $3 Million to Support Smallholder Farmers
The Government of New Zealand has committed NZD 6.8 million (over Rwf4.8 billion) to support smallholder farmers across Africa, with NZD 4.2 million (about Rwf3 billion) committed to Rwanda from 2020-2023.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
- Tags
- scale, smallholder farmers
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Donors Back Tech Over Aid to Feed Hungry World
Food donors want to deliver cutting-edge technology to poor farmers in place of aid in a bid to cut waste, preserve precious land - and make themselves redundant.
- Categories
- Agriculture, Health Care, Technology
- Tags
- blockchain, e-commerce
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Viewpoint: Fintech Regulations, Financial Stability, and Data Privacy in India: So, What Is the Path to Go Forward?
In a recent development, the Delhi High Court received a Public Interest Litigation (PIL) from an applied economist, Reshmi P Bhaskaran, seeking to regulate the entry and operations of ‘TechFin’ platforms. Inter alia, the PIL asked the High Court to help develop a regulatory framework around the TechFin industry, also popularly known as the FinTech domain. Since then, the High Court has sought replies from various stakeholders, including the Ministry of Law, Ministry of Finance, RBI, SEBI, and NPCI regarding this issue.
- Categories
- Finance, Technology
- Region
- South Asia
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General Motors Commits to Being Carbon Neutral by 2040
General Motors is the latest automaker to publicly commit to setting science based targets with the aim of becoming completely carbon neutral by 2040. GM GM +4.3% joins Volkswagen, Ford and others in pledging a move to carbon neutrality although the other automakers have announced a 2050 timeline.
- Categories
- Energy
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Viewpoint: COVID-19 Exposed the Digital Divide. Here’s How We Can Close It
In 2020, the world embraced digital transformation at an expedited pace, reimagining technology’s critical role in how we work, learn and live. At the same time, the COVID-19 pandemic illuminated a long-standing issue: billions of people remain without the universal human right of internet access.
- Categories
- Coronavirus, Education
- Tags
- edtech
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Report: Transition to Electric Motorbikes Could Save Rwanda Rwf9 Billion Annually
The Government of Rwanda is engaging partners and private sector to promote e-mobility that could see phased adoption of electric buses, private cars and motorcycles with a goal to reduce conventional vehicle sales, transport fuel imports which are associated with gas emissions.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: USD 127 Million Social Impact Securitization Vehicle for off-Grid Solar Sector in Kenya
BLK1 has increased the size of its local currency receivable financing facility for d.light’s Kenyan business to USD 127 million with an additional USD 15 million of senior debt from Norfund.
- Region
- Sub-Saharan Africa
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