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World Bank’s Investment Arm Targets Rise in African Equity Investments
"The Africa Finance Corporation, an infrastructure-focused development finance institution headquartered in Nigeria’s commercial capital, is accelerating attempts to mobilize more domestic capital for investment to make up for cuts to US aid money. . ."
- Categories
- Investing
- Region
- Sub-Saharan Africa
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South Africa’s Payments Startup Stitch Raises $55 Million Series B Funding
The funding will help Stitch invest in infrastructure that enable the flow of money including payment processing networks, etc.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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$40 Billion Africa Energy Fund to Boost Clean Cooking Access and Energy Transition
The fund focuses not only on expanding electrification but also on addressing the urgent need for clean cooking solutions.
- Region
- Sub-Saharan Africa
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African Development Bank, AU Partner to Launch $300 Million Innovation Fund for Africa’s Tech Future
"The announcement of the innovation fund comes at a time when African countries are seeking sustainable ways to recover from the economic setbacks caused by the COVID-19 pandemic and ongoing global financial uncertainties."
- Categories
- Education, Investing, Technology
- Region
- Sub-Saharan Africa
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Power Plays: China’s Changing Energy Financing in Africa
Loans to Africa have been driven by China’s policy banks in support for coal and hydropower, but a more diverse cast of creditors could steer support towards greener ventures.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Ex-network International Execs Raise $6.75 Million for Enza, an African Fintech Serving Banks
The fintech, which has raised $6 million in seed funding, is building infrastructure for banks and fintechs, offering a range of local payment solutions, from cards to wallets to real-time payments.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, infrastructure, MSMEs, scale, startups
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Press Release: Asian Development Bank, WDI Partner on E-Mobility Research
Last week, WDI’s Energy and Mobility team traveled to the Philippines capital city of Manila as part of a new research collaboration with the Asian Development Bank (ADB).
- Categories
- Transportation
- Region
- South Asia
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Benin and Senegal Experience Highest Growth in African Internet Resilience: Internet Society Pulse Country Report 2024
Several countries in West Africa are improving their internet resilience.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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