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Nigeria’s Carbon Buys Vella Finance for AI-Powered Business Banking
Carbon's focus is on providing Nigerians with access to credit in the form of instant loans and a BNPL offering. It also offers savings plans and a debit card.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nigerian-Born Moove Receives $10 Million for India Expansion
The mobility company, which entered India in 2023, states the new fund will help it strengthen its presence in the Indian market and expand operations to new cities, such as Delhi, Pune, and Kolkata.
- Categories
- Technology, Transportation
- Region
- Global
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Mexico Tells Amazon to Reveal Its Algorithms, Open up Delivery and Wall off Prime TV
Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms and to wall off TV streaming to avoid stifling competition.
- Categories
- Technology
- Region
- Latin America
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Logidoo Raises $1.55 Million Funding to Drive Cross-Border Logistics and E-Commerce in Africa
This funding round marks a milestone for Logidoo, highlighting the market’s confidence in its innovative approach to addressing a critical African challenge.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Uganda-Based Electric Cooking Startup PowerUP Announces Successful Initial Close of its Seed Round
PowerUP is at the forefront of transforming cooking habits in Africa, introducing households to a new era of clean and efficient electric cooking.
- Categories
- Energy, Health Care, Technology
- Region
- Sub-Saharan Africa
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Press Release: Bboxx Commits to Africa’s Future as It Moves Global HQ to Rwanda
Bboxx is planning to train nearly 1000 more Rwandans in the next 5 years and invest USD$100 million in the country.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Trash Talk: Five Lessons for Reducing Plastic Pollution by Establishing Sachet Recycling Loops
Sachet waste — i.e., packaging for small, single-use quantities of consumer goods — is a growing environmental threat. With increasing demand for sachet-packaged products, particularly in emerging economies, the world now produces a staggering 855 billion pieces of this waste each year. Rolph Droste at Bopinc discusses the environmental impact of sachet waste, and shares learnings from a consortium of businesses and nonprofits that is establishing a large-scale, market-driven solution for recycling this waste in Bangladesh.
- Categories
- Environment, WASH
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Safaricom Triples M-Pesa Users in Ethiopia to 3.1 Million
Safaricom’s Ethiopia subsidiary launched the mobile money service on August 15 last year.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa