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Copia exits Uganda, to Focus on Kenyan Operations
B2C e-commerce company, Copia has shut down its Ugandan operations due to the economic downturn. However, it will double down on its operations in Kenya.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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A Blueprint for Closing the SDG Financing Gap: How to Raise $290 Billion in 12 Months to Tackle the World’s Biggest Problems
As of 2020, the annual SDG financing gap for developing countries stood at $4.2 trillion — up from $2.5 trillion pre-pandemic. And according to Chris Clubb at Convergence Blended Finance, though private capital is crucial to closing this gap, the $240 billion in annual public development finance only mobilizes around $44 billion in private investment, which covers just 1% of these countries' climate and SDG investment needs. He explores the core elements of Convergence's Action Plan for Climate and SDG Investment Mobilization, which shows how a small amount of public and philanthropic funding can catalyze private investment to more than double total climate and SDG financing in developing economies.
- Categories
- Environment, Investing
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Report: ‘Fully Financing’ HIV Response in Africa Will Save Millions of Lives: UNAIDS
The report demonstrates that failing to mobilise the required funding to end AIDS as a public health threat by 2030 has substantial health, social and economic costs.
- Categories
- Education, Health Care, Investing
- Region
- Sub-Saharan Africa
- Tags
- failure, public health
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ZestMoney Set to Lay Off Around 100 Employees After Acquisition Deal With PhonePe Falls Through
According to reports, the fintech company will trim its workforce by around 20% as part of its business continuity and survival plan.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Google, Others Say Uganda Anti-LGBTQ Bill Bad for Business
A business group in Uganda including corporate giants such as Google says it opposes the country's anti-LGBTQ legislation.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Microsoft Begins Wave of African Layoffs in Kenya
While the layoffs have mostly been concentrated in Seattle, Washington, where Microsoft’s operations are based, other countries have not been spared—Kenya being the first in Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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IPPC Report Highlights Rich Nations’ Failure to Help Developing World Adapt to Climate Change
Scientists say funding needs to increase ‘many-fold’ in order to reach climate goals and protect communities disproportionately affected by global warming.
- Categories
- Environment, Impact Assessment
- Region
- Global
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Diaspora Remittances, Impact of SVB’s Failure on African Startups in Focus as African Diaspora Investment Symposium Begins
The closure of SVB Bank triggered panic on the African continent, and that fear is not without reason.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- failure, fintech, remittances, startups
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