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Jumia Wants to Be the “Amazon of Africa.” But It Can’t Find the Customers
Its stock has fallen 70% since its IPO as growth stalls and operating losses mount.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, failure
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South Africa’s Guardrisk Has $2.8 Million to Invest in Innovative Insurtech Solutions
South African cell captive insurance provider Guardrisk is looking for innovative insurtech startups to back via its ZAR50 million (US$2.8 million) LAUNCHPAD initiative.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- innovation, insurance, partnerships, startups
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Nigeria: Evtec to Install a 110 MWp Solar Power Plant for Tingo Foods in the Delta
Under the agreement, Evtec will build a 110 MWp solar photovoltaic plant to power a factory of Tingo Foods, MICT's subsidiary in Nigeria.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Co-Creation Hub’s Edtech Accelerator Puts $15 Million Towards African Startups
According to a statement shared by the firm, the accelerator program will support and amplify the impact of edtech startups across Africa.
- Categories
- Education
- Region
- Sub-Saharan Africa
- Tags
- accelerators, edtech, innovation, startups
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Togo: $64 Million From the World Bank for Solar Energy and Electricity Storage
The funding is intended for the electrification of at least 60 localities in Togo.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- renewable energy, solar
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South Africa’s Envisionit Deep AI Gets $1.65 Million to Expand Access to Medical Imaging
The startup has a suite of products that it plans to scale beyond South Africa.
- Region
- Sub-Saharan Africa
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Press Release: Universal Energy Facility Provides Grants to Solar Projects Across Nigeria, Helping SMEs While Saving Thousands of Tons of Carbon Emissions per Year
These companies will now begin construction on their proposed solar projects, all of which are designed to connect businesses and services to a clean, affordable, and reliable electricity source.
- Region
- Sub-Saharan Africa
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PostalPay App Brings Affordable Money Transfer Services to Uganda
The app allows people located in the EU to send money home in a cheaper, faster, and safer way from their mobile phones.
- Categories
- Agriculture, Telecommunications
- Region
- Sub-Saharan Africa
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