- EmpowerAfrica
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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
Richmond is a Nigerian tech entrepreneur making global investment opportunities more accessible for Africans.
He is doing this through Bamboo, a digital investment platform that gives Nigerians real-time access to buy, hold, or sell stocks on the U.S. stock market from their mobile phones or computers. Founded in 2018, Bamboo’s cutting-edge technology aims to democratize access to global investment opportunities for Africans. The startup was one of the 200 companies selected for Forbes’ first Digital Startup Accelerator Program in Nigeria.
Richmond previously served as a Product/Project Manager at L5Lab, an incubator and investment firm building technology-enabled companies that help Africa realize its potential.
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CardinalStone Capital Advisers has raised $76 million at the first close of CCA Growth Fund II, securing capital to invest in small and medium-sized businesses across West Africa.
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South African SME investment and business development firm Edge Growth has launched a catalytic debt fund for established, technology-enabled scale-ups after securing approximately $21.9 million at first close.
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Egypt’s National Telecommunications Regulatory Authority (NTRA), Telecom Egypt, and Huawei have completed Africa’s first trial of mobile services using the upper 6 GHz band, achieving data speeds of approximately 1.7 gigabits per second for each user.