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Africa’s Firms are Not Growing—New Data Reveal a Jobs Challenge
Across 48 Sub-Saharan African economies, a firm that has operated for nearly three decades employs barely twice the workers it had at birth. The gap relative to high-income economies is large, structural, and costly.
- Categories
- Agriculture, Energy, Finance, Health Care, Investing, Social Enterprise, Technology, Telecommunications, Transportation, WASH
- Region
- Sub-Saharan Africa
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New Digital Initiative to Support Alternative Livelihoods in South Africa’s Coal-Mining Communities
TechnoServe's new initiative will leverage educational technology to help entrepreneurs in coal-dependent communities build businesses and create jobs.
- Categories
- Environment, Technology
- Region
- Sub-Saharan Africa
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Viewpoint: Competition to Provide Satellite Internet Heats Up in Africa
The GSMA, the global mobile industry trade body, found sub-Saharan Africa has the world’s largest usage gap for mobile internet — 60% of its population lives within mobile broadband coverage but can’t get online due to various barriers, with handset costs cited as the biggest factor.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Ghana Deepens Spain Partnership to Scale Tomato Production and Cut Import Reliance
Ghana has entered into a new agribusiness partnership with Spain to strengthen domestic tomato production and reduce reliance on imports.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Kenyan Firm Sacks More Than 1,000 Workers After Losing Meta Contract
Meta paused work with Sama last month after allegations about staff viewing private scenes filmed by smart glasses.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Madica Expands Portfolio with $600K Investment in Three African Startups
Launched in 2022, Madica is a sector-agnostic investment program designed to address structural gaps in Africa's startup ecosystem.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- startups, venture capital
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IFC, EIB Group and European Commission Back Biovac to Build Africa’s First End-To-End Multi-Vaccine Manufacturing Site, Advancing Vaccine Self-Reliance
The financing package includes a $20 million senior loan from IFC with additional mobilization in progress and a €75 million quasi-equity investment from EIB Group.
- Categories
- Health Care, Investing
- Region
- Sub-Saharan Africa
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BOI and GIZ Sign Strategic Partnership to Accelerate MSME Growth and Sustainable Development in Nigeria
The framework outlines an agreement focused on delivering coordinated interventions across key areas, including access to finance, entrepreneurship development, capacity building, and market access.
- Source
- Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (link opens in a new window)
- Categories
- Investing
- Region
- Sub-Saharan Africa
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