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Rethinking Smart Mobility in Africa
The National Association of Automobile Manufacturers of South Africa (NAAMSA) noted that 2015 saw the adoption of 1.5 million electric vehicles and plug-in hybrids worldwide, about 0.1% of cars on the roads globally.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, transportation
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Amped Innovation Closes Series A Funding of More Than $3 Million
Amped Innovation, a designer and manufacturer of solar-powered appliances and solar energy generation and management equipment, announced today that it has closed Series A equity funding totaling more than $3.3 million. The funding round was led by ENGIE Rassembleurs d’Energies with participation from existing seed investors Schneider Electric Ventures and FINCA Ventures, as well as other impact-aligned investors. This financing accelerates Amped’s ability to bring high-quality, affordable solar-powered appliances to market, serving growing demands from energy distribution companies, utilities and mini- and micro-grid providers for better power solutions.
- Source
- Press Release
- Region
- Sub-Saharan Africa
- Tags
- solar
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Fintech company, CredoLab set to drive financial inclusion in South Africa
Credit scoring fintech company, CredoLab announced on Tuesday, 1 October 2019, that it has officially launched in Africa. Starting in South Africa, CredoLab is aiming to drive financial inclusion in emerging economies on the continent by credit scoring more people, especially those who are new to banking or credit.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Zimbabwe Mobile-Money Directive May Halt Commerce, Operator Says
A Zimbabwean government directive banning the purchase and sale of cash through mobile-money services may halt much of the nation’s commerce as the biggest system will have to be shut down temporarily, its operator said. The ban, a directive aimed at stabilizing a monetary system that’s spiraling out of control as the national currency plunges, can’t be effected unless the Ecocash
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Zimbabwe Turns to Mobile Money Regulations in Bid to Stem Currency Plunge
The Reserve Bank of Zimbabwe on Monday stopped operators of mobile-money services, the dominant way in which money is moved in the country, from paying out cash.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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Cellulant Wins Global Award; Integrates Into World Economic Forum
The Schwab Foundation award is in recognition of Cellulant’s work in building digital payments and financial services that enable businesses and consumers in critical sectors such as Agriculture, Retail Distribution, Transport, Logistics and E-commerce to access services at the very point where they need them.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Rwanda’s Trash Warrior Tackles E-Waste With Blockchain
his week, the 19-year-old will join climate activist Greta Thunberg at the U.N. Youth Climate Summit in New York as one of 100 selected young people offering solutions on climate change.
- Categories
- Environment, WASH
- Region
- Sub-Saharan Africa
- Tags
- blockchain, climate change, waste
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Digital Lending Apps Are Coming Under Scrutiny in East Africa for Predatory Practices
The latest challenge comes from Google, which has updated its app store developer policies to curb predatory lending practices.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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