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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
African Changemaker
Uka Eje is a Nigerian entrepreneur and social impact leader using technology to solve Africa’s agriculture challenges.
He is the co-founder and CEO of Thrive Agric, an agritech company that provides smallholder farmers access to input finance, data-driven extension services, and premium markets. Before founding Thrive Agric, Eje worked as a Team Lead at Royal Impact Corp, a social enterprise that builds systems around the food, agricultural and technological sectors aimed at solving the daily challenges of a targeted society.
Under Eje’s leadership, Thrive Agric has raised over $10 million in funding from investors such as Y Combinator, partnered with over 100,000 farmers across Nigeria and Ghana, and has disbursed over $50 million in loans to farmers.
In addition to his work at Thrive Agric, Eje is also a member of the Young Entrepreneurs of Nigeria (YEN), where he serves as the head of the Agro cluster. He also mentors several startups in the agriculture and technology sectors. Eje is a recipient of the Tony Elumelu Foundation Entrepreneurship Award and the Seedstars World Global Finalist Award.
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The European Bank for Reconstruction and Development (EBRD) is considering an investment of up to €40 million in Amethis MENA Fund III, a new private equity vehicle focused on supporting the growth of small and medium-sized businesses across North Africa and parts of the Middle East.
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British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has launched a new investment strategy for Egypt, reaffirming its long-term commitment to one of its largest markets in Africa, following nearly $1.3 billion in investments in the country since 2012.
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Africa Finance Corporation (AFC) has secured its largest syndicated loan facility to date, raising $2 billion from a consortium of international lenders in a strong vote of confidence for the institution’s infrastructure-led development strategy across the continent.