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African Tech Startups Raise Over $700 Million in 2020 Despite Pandemic
African tech startups raised more funding from more investors than ever before in 2020 despite the Covid-19 pandemic.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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Agritech Startup Dehaat Raises $30 Million Led by Prosus Ventures
Dehaat, an agritech startup, which connects small farmers with a network of small suppliers of farm input and equipment, has raised $30 million in Series C funding, led by Prosus Ventures (formerly Naspers Ventures).
- Categories
- Agriculture, Technology
- Region
- Asia Pacific
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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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Why the Silicon Valley-Style Investment Approach Isn’t Best for African Startups
One of the long-running tensions in the African startup investment ecosystem has been whether the Silicon Valley funding model, which seems to have been transferred wholesale to Africa’s very diverse and different tech hubs, is right for the continent’s tech hubs at this stage in their development.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Malaysia’s Mobile Money, Bangladesh’s Bkash Team With Ripple on eWallet Remittances
Blockchain-based global payments provider Ripple announced it has entered into an arrangement under which Malaysian mobile wallet provider Mobile Money, and bKash, a provider of mobile financial services to more than 45 million people in Bangladesh, will conduct transactions through the RippleNet network.
- Categories
- Finance
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Kenyan Startup Launches M-Health App to Ease Access to Healthcare Professionals
Kenyan startup Play Zuri Health has launched its mobile app, Zuri Health, which aims to provide certified, affordable and accessible healthcare solutions via mobile.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Nigeria’s Daystar Power Secures US $38 Million Series B Investment Led by IFU
The round was led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution (DFI). IFU is joined by new investors STOA, a French impact infrastructure fund, Proparco, the French DFI, backed by a guarantee from the European Union under the African Renewable Energy Scale-Up facility (ARE Scale-Up) and Morgan Stanley Investment Management.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: DFC Announces $1 Billion W-GDP 2X Asia Initiative
U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler today announced W-GDP 2X Asia, a commitment to mobilize $1 billion of investment to advance women’s economic empowerment in Asia. Through the initiative, DFC aims to mobilize capital and incentivize action from the private sector to achieve scalable and sustainable impact for economically empowering women in the region. The announcement was made during a virtual event featuring keynote remarks by Boehler and a fireside chat with female entrepreneurs.
- Categories
- Investing
- Region
- Asia Pacific
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