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Africa CEOForum: Afreximbank Announces a $50 Million Line of Credit for Spiro’s EVs
The loan should enable the start-up, which operates in Rwanda and Togo, among other countries, to expand its electric motorbikes and battery exchange stations.
- Categories
- Transportation
- Region
- Sub-Saharan Africa
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Analysis: Global South Pays More to Service Its Debt Than It Receives in Development Aid
In 2022, the countries of the Global South paid almost $50 billion more in debt than they received in new financing, according to data from the UN’s trade and development arm.
- Categories
- Finance
- Region
- Global
- Tags
- global development, NGOs
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Press Release: TaroWorks Is Offering $20,000 Grant to a Humanitarian Aid Organization to Digitize Its Field Operations With Last-Mile Technology
TaroWorks, in collaboration with Qualcomm Wireless Reach, is excited to announce a $20,000 humanitarian technology grant — a funding opportunity for non-profit organizations dedicated to providing humanitarian aid to vulnerable populations in hard-to-reach environments.
- Categories
- Technology
- Region
- Global
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Empowering the Underserved: A New Report Highlights the Impact of Off-Grid Energy Solutions — And Some Emerging Challenges
Up to 674 million people living in the world's most vulnerable communities are projected to remain unelectrified by 2030. According to Kat Harrison at 60 Decibels, the off-grid sector could reach these customers, if these energy businesses and organizations are given the right support to successfully scale. She shares insights from a new 60 Decibels report, based on interviews with 79,000 energy customers in over 30 different countries over the last three years, which highlight some adjustments the sector could make to reach hundreds of millions of excluded customers.
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Bayobab Acquires MTN Zambia’s Fibre Assets to Further Growth Plans
According to Bayobab, the milestone marks a major step in its strategic growth plans in line with the company’s 2025 targets set by MTN.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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Microsoft Announces US $2.2 Billion Investment to Fuel Malaysia’s Cloud and AI Transformation
Today, Microsoft announced it will invest US$2.2 billion over the next four years to support Malaysia’s digital transformation – the single largest investment in its 32-year history in the country.
- Categories
- Investing, Technology
- Region
- South Asia
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Analysis: AI in Africa Opens up New Battlefront for China, US
The US and China are in a new race to shape the development, use and governance of artificial intelligence in Africa, even as African countries scramble to devise their own AI policies.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Standard Bank Mobilises Market First Debt Fund to Support up to $2 Billion Sustainable Infrastructure in Africa
Standard bank has committed to acre impact capital’s export finance fund I to support the financing of sustainable projects in Africa.
- Region
- Sub-Saharan Africa
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