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Press release: OPIC launches Connect Africa initiative to invest more than $1 billion supporting infrastructure, communications, and value chain connectivity
“Africa is home to many of the world’s fastest-growing economies and presents both a great need for investment and a great opportunity for American businesses,” Washburne said. “But, too many barriers remain to the flow of goods and services. By focusing on connectivity, we’re not only helping build means for economic development, but also laying the foundation for future trade partners.”
- Categories
- Investing, Technology
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How 3 Rickshaws Won A Million Dollar Prize
One team pitched an enterprise to bring fast and reliable web services to refugees, and two companies sought to connect displaced people to jobs through apps and digital workplaces. The winner this year is a startup called Roshni Rides, Bill Clinton announced at the end of the competition last Saturday. The former president, who began working with the Hult Prize in 2010, continued to speak but a roar of cheers drowned out his words.
- Categories
- Entrepreneurship
- Region
- South Asia
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Building an App in Africa: Lessons From an Aspiring Tech Disruptor
The motorcycle taxi, or boda boda, industry is the second-highest employer in Uganda, but is marked by rising crime and road accidents. SafeBoda, founded in 2015, wants to change this through an app that connects its community of trained, professional drivers with passengers who are looking for a safer ride. The company's co-founder discusses what they've learned so far about building an app in Africa.
- Categories
- Entrepreneurship, Technology
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Weekly Roundup: Mossy Green Solutions, Trickle-up Economics, World Toilet Day Woes
What’s innovative about moss, and how can the flowerless plant help pull people out of poverty? Electric vehicles can change the world if they’re adopted by those living at the base of the pyramid? Should all social venture investors separate financial from social impacts in their annual reports? Several questions and a few answers in this week's roundup.
- Categories
- Agriculture, Energy, Entrepreneurship, Environment, NextBillion Originals
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Outsourcing Transport and Logistics in Global Health
Routine maintenance required to keep cars, trucks and motorcycles moving simply does not happen in Africa, shortening the lifespan of the vehicles that are essential to delivering health commodities to the most remote communities. That means many institutions are declining to fund the capital expenditure required to purchase vehicles, parts or storage facilities – and governments and donors alike are identifying new ways to improve health supply chains and the transport systems they rely on.
- Categories
- Health Care
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Uber driver data in Kenya helps bridge credit gap
Sidian Bank has approved its first car loans to experienced Uber [UBER.UL] drivers in Kenya, using a model the ride hailing service hopes can be rolled out across countries in Africa where a lack of customer data limits lending.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- technology, transportation
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Safaricom, Kenya’s Largest Telecom To Launch Taxi Hailing Service To Compete With Uber
Kenya largest telecom, Safaricom, plans to launch a taxi hailing service, known as Littlecabs, that will compete with Uber in the local market.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Uber Kenya and Sidian Bank Launch $100M Vehicle Solutions Programme
Uber and Sidian Bank announced today that they have partnered to launch an innovative Uber Vehicle Solutions Programme that will give driver-partners and business investors convenient and affordable access to the quality vehicles they need to start or grow their Uber-based businesses. This comes shortly after Uber celebrated 1 million rides taken in Kenya since its launch just 15 months ago.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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