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Jacqueline Novogratz and Acumen Raise $300 Million For Off-Grid Solar In Africa
Backers include Green Climate Fund, IFC, Shinhan Bank, Nordic Development Fund and Soros Economic Development Fund.
- Categories
- Energy, Social Enterprise
- Region
- Sub-Saharan Africa
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Africa Holds Just 1% of Global AI Talent. Japan Wants to Change That
JICA’s plan has two broad goals: build a deep AI talent pool by supporting African universities and regional research networks, and expand bilateral cooperation with Japanese firms.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
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Nigeria Rakes in ₦600B VAT from Netflix, Facebook
The ₦600 billion haul is only part of the bigger plan, one that ties revenues to visible projects, simplifies compliance, and makes foreign firms pay their fair share.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Starlink Hits Capacity in Nigeria’s Largest Cities, Raising Questions About Musk’s Africa Ambitions
Starlink’s satellite internet service has reached capacity in Nigeria’s largest cities, forcing the company to halt new sign-ups and pushing would-be customers onto a waitlist.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Ghana Brings in Trust Stamp to Build Tokenized Digital ID Infrastructure
The tokenized ID services will be provided to the NIA, other government ministries and agencies, as well as the private sector, with the National Identification Registry (NIR) used as the foundation.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Katapult and OCTAVE Capital launch $75 Million Asian Ocean Fund
The fund aims to help close the SDG 14 funding gap in Asia by investing into early-stage and growth companies in sectors such as maritime decarbonisation and sustainable aquaculture.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Mohinani Group Partners with Norfund to Advance rPET Recycling Projects in Ghana and Nigeria
The partnership aims to accelerate investment into the recycling and processing of post-consumer PET plastics, bolstering local recycling capacity while reducing environmental waste and dependence on virgin plastic.
- Region
- Sub-Saharan Africa
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Kenya’s eBee Lays off Employees Across All Departments in Major Restructuring
"The layoffs reflect broader challenges facing Kenya’s e-mobility sector, where riders are opting for cheaper electric motorbikes over eBee’s bicycles . . ."
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, failure, scale, startups