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Press Release: TLcom Leads $6 Million Series A in African InsureTech Platform, Pula
Nairobi, Kenya. 25 January 2021. Pula, an African InsureTech service provider startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6mn Series A fundraise. The Series A fund was led by TLcom Capital, with the participation of Women’s World Banking. The new investment will be used to scale up operations in the company’s existing 13 markets across Africa. Currently, Pula has impacted over 4.3mn farmers on the continent and the new funding will also help propel its expansion into Asia to power resilience and profitability for Asian smallholder farmers.
- Source
- Wimbart
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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African Development Bank, European Investment Bank Seal Deal to Enhance Africa’s Development
The African Development Bank (AfDB) and the European Investment Bank (EIB) yesterday signed a joint partnership action plan on how to boost public and private sector investment in Africa.
- Categories
- Environment
- Region
- Sub-Saharan Africa
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Innovations for Transparency: Disruptive Technology Enters the Carbon Offsetting Space
Carbon offsetting allows a net-positive carbon emitter to pay a net-negative emitter to offset their emissions, by trading carbon credits representing one ton of greenhouse gas. In theory, this system can help the world account for the unavoidable gasses emitted in the transition to a low-carbon economy. But as Kavit Borkhataria at AlliedCrowds explains, in practice, it's hard to confirm if carbon reduction projects are actually delivering the emission reductions they claim. He discusses some tech-fueled innovations that can boost transparency and push the market forward.
- Categories
- Environment, Technology
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Analysis: Rwanda: Small Batches of Rwandan Coffee Pack Big Punch in World Market
The way they 'punch above their weight' is to ensure that they export high quality coffee, while remaining united through their cooperative movements, according to Angelique Karekezi, the managing director at the Rwanda Small Holder Specialty Coffee Company (RWASHOSCCO).
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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The Biggest Players in Coffee Pledge to Slash 1.5 Gigatonnes of CO2 by 2050
A global coalition of over 150 major coffee producers, traders, roasters and retailers have collectively pledged to slash their CO2 emissions by "at least" 1.5 gigatonnes by mid-century, unveiling a plan to ramp up investment in smallholder farms and tropical forest restoration.
- Categories
- Agriculture, Environment
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Financial Inclusion During – and After – COVID-19: Three Takeaways From a (Very Different) European Microfinance Week 2020
The 2020 European Microfinance Week encapsulated much about the financial inclusion sector – the good, the bad and the simply confusing – as it navigated the historic challenges of the past year. Sam Mendelson at e-MFP shares three broad takeaways from the event, representing three key priorities for the inclusive finance industry as it seeks to adapt to the COVID-19 crisis – without overlooking other essential priorities.
- Categories
- Coronavirus, Finance
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Analysis: Africa: Energy Efficiency for Developing Countries – Pivoting From Fewer Inputs to More Outputs
Energy efficiency (EE) is often marketed as a tool to save energy and money. The oft-repeated mantra is doing "more with less", namely producing more goods with less energy. But, as set out in a recent World Bank report (which I co-authored), EE can do something that is often much more important for developing countries: it can produce the additional goods and services needed to raise standards of living.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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In Latin America, Farmers Use Microfinance to Fight Climate Change
Globally, more than 1.5 billion people live or work on small farms, like Gomez's. They often cannot afford the advanced technology that could help them contend with the fallout from climate change.
- Categories
- Agriculture, Environment
- Region
- Latin America
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