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Dodai Secures $4 Million Funding to Scale-up Electric Vehicle Production Amid Ethiopia’s Shift to Green Transport
The company plans to allocate 80% of the raised funds to import electric motorcycle parts and lithium batteries.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- electric vehicles, scale, startups
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Access Holdings Collaborates With Safaricom and M-Pesa to Facilitate Remittances Between East And West Africa
Access Holdings, led by Aigboje Aig-Imoukhuede, is pushing for the biggest share of the remittance market in East and West Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Nine Business Models for Productive Use of Electricity in Africa: A Framework for Generating Profit and Impact in Off-Grid Energy
Improving energy access in rural Africa is crucial for poverty reduction, but grid electricity is often inaccessible or unaffordable — and off-grid alternatives present similar challenges. Olowo Aminu, Bodunde Akinola, Nneka Chime and Mosorire Aiyeyemi at CrossBoundary argue that Productive Use of Electricity (PUE) has the potential to solve these issues, boosting household income and economic growth, while increasing profitability for energy providers. They share a framework CrossBoundary has developed to help off-grid companies and other stakeholders plan for effective PUE implementation.
- Categories
- Agriculture, Energy, Environment, Technology
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Nigerian Blockchain Fintech Startup Zone Raises $8.5 Million Seed
Zone, a Nigerian blockchain fintech has secured $8.5 million in a seed round led by Flourish Ventures and TLcom Capital.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- blockchain, fintech, remittances, startups
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M-PESA Safaricom, Onafriq Partner for Streamlined Remittances to Ethiopia
Through the agreement, individuals within Ethiopia can receive remittances from different parts of the world through M-PESA.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Leatherback Partners with YES BANK to Improve Remittances and Payouts in India
Leatherback claims to be the first Africa-focused fintech company to offer INR remittance payouts.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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From Proxy IDs to Autonomous Payments: Why the Future of Financial Services is Hyper-Efficiency
Despite the rise of digital banking and other technological advancements, financial services are still plagued by significant inefficiencies. Author and serial entrepreneur Arunjay Katakam explores the causes and consequences of these inefficiencies — including their impact on lower-income customers — and discusses some emerging innovations that are addressing them. He explains why the sector's growing efforts to streamline back-end processes, reduce transaction costs and enhance operational efficiency will be pivotal in shaping the future of financial services.
- Categories
- Finance, Technology
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Nigeria’s National Economic Council Approves $617 Million Investment in Digital, Creative Enterprises
Omar said about 100,000 jobs will be created per state and 5,581,231 indirect jobs will be created through i-DICE interventions nationwide.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa