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One Acre Fund Secures $1.4 Million Debt Funding to Support Farmers in Africa
One Acre Fund has recently secured a $1.4 million debt fund from Impact Bridge Asset Management to finance and support farmers in Africa.
- Categories
- Agriculture, Investing
- Region
- Sub-Saharan Africa
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How Young People are Driving Africa’s Digital Future: A Recent Report Highlights the Impacts of Technology — And the Need for Greater Support
With over 400 million people between the ages of 15 and 35, Africa has the world’s youngest population — and by 2050, this youth population is projected to increase by 73%. As Grace Natabaalo and Chelsea Horváth at Caribou Digital explain, young Africans are leveraging digital platforms to find work, education and more — but they face numerous challenges in accessing and using technology. They share highlights from a new report based on discussions with 20 young people from seven countries across Africa, which show the impact of digital technology — and how this impact could be amplified.
- Categories
- Education, Technology
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SolarAid Wins Charity Awards International Aid & Development Category
SolarAid took the top prize in the International Aid & Development category at the 2024 Charity Awards this week, winning for its Light a Village project in Malawi.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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New US $53 Million Agricultural Development Programme Launched in Malawi to Combat Food Insecurity
The seven-year Sustainable Agriculture Production Programme phase II (SAPP II) will equip farmers with the skills and resources to address food insecurity, increase income generation and improve the livelihoods of rural communities.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Rethinking Credit Scoring: A Pay-As-You-Go Pioneer Explores Innovative Solutions in Africa
The ability to make life-changing purchases — from buying a home to setting up a business — usually relies upon acquiring credit. But as Mansoor Hamayun at Bboxx explains, in many emerging markets, it’s incredibly difficult for the average citizen to obtain a credit score. He explores the obstacles to credit scoring in Africa, and discusses how Pay-As-You-Go financing of solar products — combined with innovative approaches to consumer subsidies — can be leveraged to boost access to credit scores and essential financial services in underserved communities.
- Categories
- Finance
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Press Release: BII Signs Agreement With Meridiam to Provide $15 Million to Rift Valley Energy to Expand Access to Sustainable Energy in Tanzania
This agreement will provide energy to about 170,000 people per year and connect 4,000 businesses and households to the grid for the first time.
- Region
- Sub-Saharan Africa
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Solving the Educational Disparity in India: A Scalable Solution Leverages AI and Behavior Change to Reach Underserved Communities
Around 37 million Indian children lack access to any form of early education service. Vishal Sunil and Sushmita Roy at Rocket Learning discuss how their organization is addressing this issue through its learning platform, which leverages AI technology and WhatsApp to provide free educational tools to children and parents, while offering training and other resources to the daycare workers who play a key role in the country’s early childhood development landscape.
- Categories
- Education, Technology
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Sefa Finances $8 Million for Productive Use of Off-Grid Solar in Ethiopia
The funding will support a pilot project “to test the commercial viability and effectiveness of a business model integrating mini-grids with agro-industrial operations at nine sites in Ethiopia”, says the AfDB.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa