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Kenya’s eBee Lays off Employees Across All Departments in Major Restructuring
"The layoffs reflect broader challenges facing Kenya’s e-mobility sector, where riders are opting for cheaper electric motorbikes over eBee’s bicycles . . ."
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, failure, scale, startups
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Inside the Fall of Okra: How Africa’s Most Promising Open Banking Startup Shut Down at Its Peak
Back in 2020, Okra had all the makings of a breakout African tech story: visionary founders, Silicon Valley backing, explosive revenue growth, and a product that was powering the future of finance on the continent.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Kenya’s Hustler Fund Is a Flop. Why President Ruto’s Plan to Loan Money to Entrepreneurs Hasn’t Worked
The Kenya government acted as a micro-lender via the Hustler Fund, which was applauded by the financial inclusion lobby as a way to correct failures in the credit market.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Kenyan Court Suspends $736 Million Adani Power Line Deal
The Law Society has argued that the power deal is "a constitutional sham" and "tainted with secrecy".
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Congo Scraps $1.2 Billion Biometric ID Project Over Cost Concerns
Congo currently lacks a national ID system, which complicates basic tasks for its citizens, such as opening bank accounts, obtaining official documents, and registering to vote.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Analysis: Brazil’s Grid Caps Power From Wind and Solar, Threatening Renewable Projects
Industry leaders said renewable energy investments were less viable under the National Electric System Operator’s (ONS) current “curtailments” policy, which temporarily caps how much power ONS accepts from wind and solar plants.
- Categories
- Energy
- Region
- Global
- Tags
- energy access, failure, renewable energy, solar, wind
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How Thousands of Americans Got Caught in Fintech’s False Promise and Lost Access to Bank Accounts
The collapse of middleman Synapse has revealed fintech’s promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits have been locked out of their accounts.
- Categories
- Finance, Technology
- Region
- North America
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Amazon’s Sustainability Report Shows the Company Moving the Wrong Way on Climate With Continued Emissions Growth
This latest report provides further evidence that Amazon is going the wrong way on Climate.
- Categories
- Energy, Environment, Transportation
- Region
- Global
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