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Floods, Drought… African Farmers Soon to Be Insured to the Tune of $1 Billion
More than 40 million farmers in Africa could soon benefit from financing to manage the risks to their crops from climatic phenomena such as floods and drought.
- Categories
- Agriculture, Environment
- Region
- Sub-Saharan Africa
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The World Bank Grants $420 Million to Strengthen Climate Resilience in Malawi
In response to the 19 major floods and eight prolonged droughts experienced by Malawi since 1970, the World Bank is providing a financial response focused on economic and climate resilience.
- Categories
- Environment, Investing
- Region
- Sub-Saharan Africa
- Tags
- climate change
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£8 Million Awarded to LEIA to Boost Energy Access in Global South
It is estimated this additional funding will result in a reduction of approx. 500,000 tonnes of CO2 emissions.
- Region
- Sub-Saharan Africa
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Rwanda Launches $2 Million Facility to Provide Financial and Technical Support to Agritech Startups
The allocation of funds is set to tackle food-related challenges in the nation and stimulate innovation in East Africa.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Seedstars Africa Ventures Gets $30 Million Backing from EIB Global to Invest in Early-Stage Startups
Seedstars Africa Ventures said that while the fund is sector-agnostic, it is keen on startups that address basic needs such as education, healthcare and utilities, or enhancing goods, services and efficiency.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Kenyan Climate Tech Startup Octavia Carbon Secures Funding for Carbon Capture Technology
Octavia Carbon not only pioneers in technological solutions but also provides a platform for the purchase of carbon credits.
- Categories
- Environment, Technology
- Region
- Sub-Saharan Africa
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Report: Mobile Money Transactions in Kenya in 2023 Declined for the First Time in 17 Years
It remains uncertain whether the decline in mobile money transactions might impact Kenya's Gross Domestic Product (GDP) given that mobile money agents reportedly handle approximately 60% of the country's GDP.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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YC-Backed African Fintech Cleva, Founded by Stripe and AWS Alums, Raises $1.5 Million Pre-Seed
Aaron Michael, a partner at 1984 Ventures, expressed support for Cleva’s founders, Tolu Alabi and Philip Abel, noting that their product provides a means for Africans to navigate hyperinflation challenges.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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