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Analysis: Rethinking Africa’s Infrastructure Gap: Innovation Ecosystems as the Key to Sustainable Growth
Efosa Ojomo and Mara Hansen Staples argue that investments in infrastructure must be paired with investments in innovation ecosystems.
- Categories
- Health Care, Investing
- Region
- Sub-Saharan Africa
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Latin America Startup Vambe Sees ARR Skyrocket After Pivot to Conversational AI
The Santiago, Chile-based company pivoted in March 2024 to focus on these AI agents, aimed to help small and medium-sized businesses automate communications with customers and close sales on platforms like WhatsApp.
- Categories
- Technology
- Region
- Latin America
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Elchemy Secures $5.6 Million in Funding Prime Venture Partners, Others
Elchemy is a cross-border specialty chemical distribution platform based in Mumbai.
- Categories
- Investing
- Region
- Asia Pacific
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Kenya’s Hustler Fund Is a Flop. Why President Ruto’s Plan to Loan Money to Entrepreneurs Hasn’t Worked
The Kenya government acted as a micro-lender via the Hustler Fund, which was applauded by the financial inclusion lobby as a way to correct failures in the credit market.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Techstars Lagos Shuts Down After Two Years and 24 Investments
Techstars, a global venture capital accelerator with over 4,500 portfolio companies, partnered with Nigerian-based ARM Labs to bring its three-month program to Lagos for the first time in December 2022.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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ID Verification Company Equal Bags $10 Million in First Institutional Raise
Equal is building a platform which helps businesses streamline their know your customer (KYC) processes and prevent fraud, thereby assisting in regulatory compliance through integration with about 50 identity databases.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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Wahu Mobility and Letshego Partner to Accelerate Electric Vehicle Ownership Across Africa
The initiative introduces affordable financing options for EV ownership.
- Categories
- Energy, Technology, Transportation
- Region
- Sub-Saharan Africa
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Chinese Gen AI Startup Zhipu Launches $211 Million Fund
One of China's leading AI startups has reportedly launched a fund investing in early-stage large language model companies.
- Categories
- Technology
- Region
- Asia Pacific
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