- 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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The International Finance Corporation (IFC) is considering a new investment of up to $23 million in Africa Go Green, a climate-focused investment fund that supports projects aimed at cutting greenhouse gas emissions across Africa.
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Financing for Agricultural SMEs in Africa (FASA) has completed its first investment, committing $5 million to Catalyst Fund.
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Checker, a company building infrastructure for stablecoin-based financial services, has secured $8 million in fresh funding as it looks to expand digital payment and settlement solutions across Africa and other emerging markets.