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$120M Growth Fund to Boost African Off-Grid Solar Power Companies
The fund is designed to provide patient, flexible capital combined with technical assistance that is currently lacking in the off-grid energy ecosystem.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Africa’s Fintech Boom Is Creating Niche Ecosystems to Power the Industry’s Future Globally
Johannesburg, Cape Town, Nairobi and Lagos all rank among the top 100 cities for fintech ecosystems, keeping with a trend which sees nearly half of the top 100 cities located in emerging markets.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Tech CEOs Visit Africa As ‘Source Of Innovation And Talent’
"Most importantly, and beyond the visits, actual commitments are made: Google’s first AI lab in Africa (in Accra, Ghana) was announced by Sundar Pichai in June 2018 and was opened earlier this year; while Ethiopia and the Alibaba Group just inaugurated a global trade platform on Monday. I am hopeful the deals and the partnerships, not just the trips, will keep coming."
- Categories
- Technology
- Region
- Sub-Saharan Africa
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What will Mark Suzman bring to new role as CEO of Gates Foundation?
In an email to staff, Desmond-Hellmann explained that she and Bill and Melinda Gates have spent recent months discussing the best person to replace her to lead the world’s largest private foundation. They selected 12-year foundation veteran Suzman, president of global policy and advocacy and CSO at the foundation, who will assume the role on Feb.1, 2020.
- Region
- North America
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African Development Bank to Launch $270M Fund for Social Impact Investors
The African Development Bank is setting up a new US$270m social impact fund to support small and medium-sized enterprises.
- Region
- Sub-Saharan Africa
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Brazilian FinTech Rebel Lands $10M For Affordable Loan Products
"Traditional banks claim that credit in Brazil is expensive because of delinquency rates; but in reality, delinquency is high because the country has the highest interest rates in the world. It is a perverse and vicious cycle, and a difficult one to overturn. That’s why we are rebels: Our goal is to break up with this loop and start a new and virtuous cycle.”
- Categories
- Finance
- Region
- Latin America
- Tags
- fintech
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Research: How Technology Could Promote Growth in 6 African Countries
We examined three primary categories of levers that could translate digital technology uptake into development and inclusive growth: jobs enabled by digital platforms; institutional drivers necessary for digital success; and the foundational digital potential of the country.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Education Sector Received the Lion’s Share of Corporate CSR Spend in India
The CSR activities taken up by the companies relate to various sectors including education, healthcare, sanitation, environmental sustainability, poverty alleviation and skill development.
- Categories
- Education
- Region
- South Asia
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