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Press Release: $1 Million DFC Equity Investment in Kasha Global Inc. Supports Women’s Health in East Africa
U.S. International Development Finance Corporation (DFC) today announced the disbursement of a $1 million equity investment in Kasha Global Inc., an e-commerce company that provides women’s health and personal care products to customers in Rwanda and Kenya, alongside investments from Finnfund and Swedfund.
- Categories
- Coronavirus, Health Care
- Region
- Sub-Saharan Africa
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Angola Receives US $250 Million From World Bank to Enhance Electricity Access
The government of Angola has received US$250 million from the World Bank to improve the operational performance of the electricity sector utilities and increase electricity access in selected cities of Angola.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: Convergence Awards Design Grant for a Remittance-Based Financing Vehicle to Improve Household Infrastructure and Resiliency for Pacific Island Communities
"As the world faces a severe climate crisis, we need to accelerate solutions that will equip countries most exposed to its shocks with the right tools and infrastructure."
- Region
- Asia Pacific
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Indian Health Tech Startup Phable Raises $12 Million to Serve Patients With Chronic Conditions
Hundreds of millions of people in India suffer from chronic diseases. One of the biggest challenges they face is the volume of transactions they have to manage each day. There are appointments with doctors and labs for tests, purchasing of medicines, medical devices and insurance, and keeping a log of their test results.
- Categories
- Entrepreneurship, Health Care
- Region
- Asia Pacific
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Mobile Money Contributed 10% of $2.87 Billion Revenue Generated by Airtel Africa in 2020
Voice revenue continues to be the major source of revenue for the telco in the country. It grew by double-digits to $657m in the nine-month period. There was no mobile money revenue in Nigeria but the revenue generated from data was huge.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- data, finance, fintech, mobile money, technology
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Big Data and AI in Africa: Why the Future of the Continent Is Artificially Intelligent and Digitally Enabled
Life would be easier for the average African if technology were utilized to its fullest potential. According to Jasmine Nnenne Mbadugha at the London School of Economics and Political Science, the continent's digital potential can be seen particularly at the intersection of big data and artificial intelligence. She explores how Africa can leverage these two emerging technologies to support economic development and play a role in the global digital revolution – and how it can overcome some key challenges it will face in the process.
- Categories
- Education, Technology
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Grab Raises Us $2 Billion Term Loan to Strengthen Liquidity and Diversify Financing Sources in Asia
This development made by Grab is said to be the largest institutional debt in Asia's technology sector
- Categories
- Entrepreneurship, Technology
- Region
- South Asia
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Female-Led Startups Dominate Catalyst Fund’s Inclusive Fintech 2021 Cohort
Catalyst Fund, a global accelerator managed by BFA Global, announced the 8th cohort for its Inclusive Fintech Program today.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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