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Press Release: Grant Awarded to Establish Aceli Africa, a Data-Driven Financing Facility to Unlock Capital for Agricultural SMEs
According to the World Bank, agricultural growth in Africa is significantly more effective at reducing poverty than growth in other economic sectors. Agricultural SMEs, including farmer cooperatives and food processors, improve livelihoods by aggregating and linking smallholder farmers to markets and generating employment for low-skill workers, particularly women and youth.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
- Tags
- blended finance
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Viewpoint: Perpetual Debt in the Silicon Savannah
One Kenyan argued the apps are ‘enslaving’ people—from the working poor to the salaried classes—by making claims on their future labor.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Kenya’s Innovative Strength Sees the Country Ranked the Leading Tech Hub in Sub-Saharan Africa by WIPO
According to the World Intellectual Property Organisation (WIPO), Kenya’s so-called Silicon Savannah is unrivalled in sub-Saharan Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Why Jumia Seems to Be Getting It Right in Africa
Despite difficulties and some naysayers, Nigerian start-up Jumia shows the way by finding an e-commerce niche in Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce
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More African Countries Are Looking to Tax Mobile Money Transactions
Just over a year ago, Uganda’s regulators introduced a so-called social media tax and a levy on mobile money transactions. Uganda is not alone: Industry research from 2017 shows up to 26% of the taxes paid in the mobile industry in 12 Sub-Saharan countries were industry-specific.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Huawei Technicians Helped African Governments Spy on Political Opponents
Employees embedded with cybersecurity forces in Uganda and Zambia intercepted encrypted communications and used cell data to track opponents, according to a Wall Street Journal investigation.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Kenyan Startup Ilara Health Raises $735k Seed Funding Round
Kenyan startup Ilara Health, which is bringing affordable diagnostics services to doctors, has raised a US$735,000 seed funding round to grow its offering in the East African country and ultimately beyond.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
- Tags
- startups
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Viewpoint: Africa Doesn’t Need More Development Aid, It Needs More Capitalism
In Asia, the fight against poverty and hunger has been so effective because so many Asian countries have implemented capitalist reforms. In China alone— thanks to the partial introduction of private property rights and free-market economics—the proportion of people living in extreme poverty has fallen from 88% in 1981 to below 1% today.
- Region
- Sub-Saharan Africa
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