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Report: Google Drives $16 Billion in Economic Growth, $700 Million in Revenue for Developers in Sub-Saharan Africa
Google's new report, titled "The Digital Opportunity of Sub-Saharan Africa," shows the company generated an estimated $16 billion in economic activity across Sub-Saharan Africa for businesses.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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M2P Fintech Secures $102 Million in Series D Funding to Bolster Banking Infrastructure in Emerging Markets
M2P Fintech specializes in providing comprehensive Banking-as-a-service solutions.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Elon Musk’s Starlink Shakes up Competition in Africa
Starlink’s satellite internet rollout across Africa is sparking complaints of unfair competition from telecommunications companies and internet service providers.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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Rwanda, EU Ink Rwf60 Billion Deal to Boost Nascent Pharmaceutical Sector
East African countries are increasingly recognizing the potential of pharmaceutical and biotechnological manufacturing for public health and sustainable economic growth in the region
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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Mirova Invests $15 Million in African Solar Energy Provider
The funding will help pay for the construction of the firm’s pipeline of projects, aimed at boosting access to renewable energy.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Zeno Raises $9.5 Million to Take On Ampersand and BasiGo With Electric Motorbikes in 2025
The startup intends to accelerate its plans to introduce swappable battery technology across East Africa with the introduction of its first electric motorbikes in early 2025.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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Press Release: IFC and Airtel Africa Partner to Increase Access to High-Speed Mobile Connectivity in Sub-Saharan Africa
Despite this connectivity gap, up to 86 percent of firms on the continent use mobile phones for business operations, according to IFC's recent report on digital connectivity in Africa.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Tanzania Mahenge Graphite Project Secures $219 Million Financing for Mine Development
This funding is critical for the project’s development, which includes establishing a 220kV power line to connect the local community to electricity, thereby fostering new business opportunities in the region.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- energy access, mining, supply chains
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