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Africa’s Top Fintech Player Is Getting Ready for an IPO
Flutterwave, the Nigeria-based digital payments company and Africa’s most valuable startup, has made changes to its corporate team as part of moves aimed at preparing for an initial public offering.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Analysis: China Is Extending Its Lead Over the US in Africa’s Energy Transition
China’s manufacturing “overcapacity,” fueled by government subsidies, is giving its companies an edge over the United States in Africa’s transition to green energy, analysts say.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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AI in African Healthcare: The Good, the Bad and the RECKLESS
Artificial intelligence (AI) can have a major positive impact on the cost and quality of healthcare in emerging economies. But as AI gains traction in Africa's healthcare market, Mark Wien at PocketPatientMD calls out an alarming trend: New AI solutions are being introduced into actual practice without the proper safeguards, standards and scrutiny. And even worse, these solutions are often being developed by non-medical professionals and technologists, who rush to roll out new tools without caution — and without acknowledging or perhaps even understanding the risks they pose to vulnerable patients and health systems. He urges Africa's healthcare industry — including doctors themselves — to address this issue with the seriousness it deserves.
- Categories
- Health Care, Technology
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Press Release: Global Verification Body Verra Certifies d.light’s Clean Cookstove Projects in Sub-Saharan Africa
Initiative to distribute 600,000 clean cookstoves in Kenya, Nigeria and Uganda is verified by leading certifier as a trusted source of high-quality carbon credits.
- Categories
- Energy, Environment, Technology
- Region
- Sub-Saharan Africa
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Kenya Vehicle Manufacturers, Basigo Roll Out High-Volume Electric Bus Assembly Plant, Target 1000 Units by 2027
Basigo Kenya Managing Director Moses Nderitu said the new pilot plant will pave way for serial production moving from three units to 20 units per month by the end of the year.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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Vodacom Tanzania Acquires Smile for $27.4 Million to Support 4G and 5G Rollout Plans
The agreement grants Vodacom access to Smile's 800MHz and mid-band spectrum. Additionally, Vodacom will use Smile’s 4G LTE network.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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Press Release: Spark+ GP Announces Second and Third Closings of Spark+ Africa Fund With Current AUM of USD $64 Million
Spark+ is the first impact debt fund dedicated to growing the clean cooking sector across sub-Saharan Africa.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Reshaping Africa’s Food Systems: Three Opportunities to Drive Sustainable, Inclusive and Scalable Impact
Africa's agricultural sector is plagued by low yields, fragmented value chains and a large finance gap, and the region is home to 60% of the world’s uncultivated arable land. As Neil Wood, Oscar Garza and Hanna Dohrenbusch at Open Capital explain, these challenges have brought the sector to a critical juncture. They share three key solutions based on Open Capital's work on 450+ agriculture and food systems projects across Africa, which have the power to help drive the future of agriculture on the continent in the decades to come.
- Categories
- Agriculture, Energy, Environment, Investing, Technology