- 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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Finnfund, a Finnish development finance institution, has committed a $4 million debt investment to Kenyan internet provider Poa Internet to accelerate the rollout of affordable, high-speed broadband across underserved and low-income communities in Kenya.
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Uncovered Fund, a Tokyo-based venture capital firm, has teamed up with Japanese financial services group Monex Ventures to roll out the Uncovered Monex Africa Investment Partnership (UMAIP)—a $20 million fund designed to fuel early-stage innovation across Africa and the Middle East.
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Swiss impact investor Symbiotics has provided a USD 5 million debt facility to Complete Farmer, the Ghanaian agritech startup focused on strengthening agricultural value chains in West Africa.