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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
Sim is a Nigerian media and technology entrepreneur and a strong advocate for education in Africa.
This drive pushed him to found uLesson Education, an app providing access to quality education for African learners. The app offers courses in math, science, and English and is available in English and French.
Sim’s mission is to make quality education available to everyone, regardless of their social or economic status. He graduated from George Washington University and holds a Masters Degree in Engineering from Dartmouth College.
Sim also previously founded Konga, one of West Africa’s largest e-commerce platforms.
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The European Investment Bank has proposed an investment of approximately $85 million in Virunga Africa Fund II, a pan-African private equity fund managed by Admaius Capital Partners that is targeting $500 million.
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Cascador and Sterling Bank have announced a $200 million SME Credit Backstop Fund designed to help Nigerian small and medium-sized enterprises secure larger, longer-term bank loans with lower collateral requirements.
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Nithio has provided financing to Nigerian electric mobility company MAX, bringing its Series B3 funding round to $29 million to support the expansion of electric motorcycles and solar-powered charging and battery-swapping infrastructure across African markets.