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Black Ostrich Ventures Launches $20 Million Fund to Back Startups Outside Africa’s “Big Four”
US-based firm, Black Ostrich Ventures has raised a $20 million fund to invest in cleantech, supply chain, agritech, and edtech in Tanzania, Zambia, Morocco, and Uganda.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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BII and FMO Unveil $40 Million Commitment to Dashen Bank, Supporting Ethiopia’s Financial Sector
The innovative facility enables a progressive local bank to expand lending to exporters.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Nigeria Secures $500 Million Investment to Propel Digital Economy Growth
The minister emphasized the government’s strategy to keep the funding local, ensuring genuine Nigerian businesses benefit.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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LemFi Bags $33 Million in Series a Funding Round to Fuel Global Expansion
LemFi launched in Canada in 2020 to enable “easy and low-cost” remittances to Nigeria, Ghana and Kenya.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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ChatSME: South Africa’s First Large Language Model for Business Owners
This first-of-its-kind generative AI (Artificial Intelligence) model aims to provide easy access to valuable knowledge and resources, fostering growth and success in the vibrant, and crucially important SME (small medium enterprises) community.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Africans Secured 60% Of the Gates Foundation’s $5 Million Fund for Health-Focused AI Projects
Gates Foundation has selected 29 African researchers for its inaugural $5 million Grand Challenges fund for AI project targeted towards global health.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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UNICEF to Commit $270 Million to Support Poverty Alleviation in Nigeria
Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu said the government will target about 71 million "extremely poor Nigerians" who live on less than $1.95 a day.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Leila Janah Foundation Announces Winners of Sixth Annual Give Work Challenge
The challenge reflects the Foundation’s mission to create equal opportunities for women and youth in low-income communities in East Africa.
- Categories
- Agriculture, WASH
- Region
- Sub-Saharan Africa
- Tags
- nonprofits, poverty alleviation, waste, youth
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