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Nigerian B2B E-Commerce Startup Sabi Lays off 20% of Workforce as It Pivots
Nigerian startup Sabi, a B2B marketplace serving Africa’s informal sector, has laid off about 20 per cent of its workforce as it pivots to focusing on commodity exports.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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EU-Funded AgriFI Backs Ghana’s Complete Farmer with $2.5 Million Investment to Empower Smallholder Farmers
This funding, channeled through the EDFI Management Company, aims to bolster the company’s expansion strategy and facilitate the development of agricultural infrastructure in northern Ghana.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Nigeria’s PaidHR Raises $1.8 Million Seed Round to Expand Cross-Border HR Services
With the new capital, the company plans to strengthen its product offerings, expand across African markets, and increase staffing, particularly in customer support.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Analysis: How Small Businesses Can Navigate Global Trade In an Era of Polycrisis
With support, small businesses can compete globally and drive inclusive economic development.
- Categories
- Uncategorized
- Region
- Global
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Safaricom Commits $500 Million to AI Infrastructure in Bold Move to Shape East Africa’s Digital Future
The company has already trained 5,000 employees in AI fundamentals, signaling its intention to actively shape the region’s digital future.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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European DFIs Commit $80 Million to BluePeak’s Pan-African Private Credit Fund
The fund is dedicated to providing growth capital to mid-sized businesses across Africa, prioritizing environmental, social, and governance (ESG) best practices and measurable impact.
- Categories
- Energy, Environment, Investing
- Region
- Sub-Saharan Africa
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FinDev Canada Commits €20 Million to Amethis Fund III to Support Mid-Sized Enterprises in Sub-Saharan Africa
"FinDev Canada’s commitment will enable Amethis Fund III to provide much-needed long-term financing to enterprises, which play a significant role in supporting regional economic development. . ."
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Report: AI’s Role in Global Job Futures Unclear as Human Development Index Stalls in Global South: UN
"New report highlights new opportunities by AI, if used to complement, not replace, work in low- and middle-income countries."
- Categories
- Technology
- Region
- Global
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