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Billionaire Bezos Backs Start-up in Maiden Africa Investment
Jeff Bezos agreed to back Africa-focused financial technology company, Chipper Cash, making it his first start-up investment on the continent.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, impact investing, startups
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1.9 Megawatt Solar-Plus-Storage Project for Nhimbe Fresh, Zimbabwe
Following the close of a $4 million Series A funding round in June, momentum continues with Sun Exchange's expansion into sub-Saharan Africa and a landmark solar-plus-storage project. This multiphase project will power Nhimbe Fresh, an agriculture leader in Marondera, Zimbabwe.
- Categories
- Agriculture, Energy
- Region
- Sub-Saharan Africa
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Viewpoint: A Safaricom Split Is a Telco’s Dream and a Fintech Startup’s Nightmare
Talks of splitting up Kenya and East Africa’s dominant telco, Safaricom, previously gathered interest about five years ago when the Kenyan parliament stepped up calls to break the all-conquering telco into two fragments.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Harpic and Sanergy to Boost Toilet Access in Mukuru and Mathare
The sanitation actors say improving Kenya’s state of sanitation requires more inclusive approaches and partnerships to save the country’s poorest, most remote, and the most marginalised populations
- Categories
- WASH
- Region
- Sub-Saharan Africa
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M-Pesa Revenue Dip in Kenya Is Beyond Mobile Money Fee Waivers
While it’s logically a good move putting the health and the wellbeing of people first, this single directive is found to have also caused a significant dip in revenue for Kenya’s dominant mobile money service, M-Pesa, and by extension, the country’s leading telco, Safaricom, took a hit.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: First-Ever Peace REC (P-REC) Transaction Drives Renewable Energy Development in Africa
The first-ever Peace Renewable Energy Credit (P-REC) transaction has been executed by Microsoft with Energy Peace Partners (EPP) and project developer Nuru. In the agreement, Microsoft is purchasing P-RECs issued by EPP from a new solar project in the Democratic Republic of the Congo (DRC), which will directly finance the installation of streetlights in a recently electrified neighborhood of Goma, the capital of North Kivu province. The streetlights are connected to the same solar-plus-storage system which generates the electricity associated with the P-RECs. The transaction was facilitated by renewable energy, transportation decarbonization, and climate solutions specialist 3Degrees.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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AVPA Launches Africa Social Investment Landscape Mapping Study Report
Insights into the current state of the social investment landscape and key trends that will influence the increased flow of capital into social investments in Africa
- Region
- Sub-Saharan Africa
- Tags
- philanthropy
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Digitisation of Remittances Can Support Africa’s Economic Recovery
Across the continent, where tourism and hospitality have come to a grinding halt, thousands of jobs have been lost in both the formal and informal sectors. Amidst this gloomy narrative, a shining light has been the formidable resilience of remittance flows into African markets after the initial shock of the pandemic and national lockdowns.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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