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Analysis: Big Tech’s “AI for Good” Spending Increases in Africa. So Does Skepticism
While Google, Microsoft, and Meta provide AI for social good, some advocates say projects exploit the continent for data, erode local control.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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African Payments Platform HoneyCoin Secures $4.9 Million Funding
Licensed in jurisdictions including the US, Canada, the EU and key African markets, it integrates directly with banks and telecom operators.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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HewaTele Secures $10.5 Million From AfricInvest to Deliver High-Quality Medical Oxygen Across Kenya
This funding marks a significant step toward addressing one of East Africa’s most critical yet overlooked healthcare challenges: the availability of high-quality medical oxygen.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Nedbank to Acquire South African Fintech Firm iKhokha for $94 Million
Nedbank aims to boost its SME market presence through enhanced digital and inclusive financial services with the acquisition.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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CrossBoundary Energy Secures US $40 Million Investment From Impact Fund Denmark to Deploy Clean Energy in Africa
The investment will help CBE build its rapidly expanding portfolio of clean energy projects in Africa.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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South Africa’s Street Wallet Raises $350K to Bring Cashless Payments to Informal Economy
Founded by Kosta Scholiadis in 2021, Street Wallet is a mobile payment solution built for informal traders and service providers in South Africa.
- Region
- Sub-Saharan Africa
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British International Investment Anchors CRDB Bank’s Landmark Islamic Bond to Promote Financial Inclusion in Tanzania
Tanzania’s first large-scale Islamic bond issued by a private sector institution marks a major milestone in the country’s financial landscape.
- Categories
- Investing, Social Enterprise
- Region
- Sub-Saharan Africa
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Roam & Keep It Cool Partner To Launch Electric Cold Chain Delivery Network In Kenya
Earthshot Prize Finalists Roam and Keep It Cool (KIC) have teamed up to launch a fully electric cold-chain delivery network in Kenya.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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