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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
Acha Leke is a Cameroonian businessman and consultant currently serving as the Chairman of Africa for McKinsey & Company, a global management consulting firm.
In this role, he leads the firm’s work across Africa, business building, turnarounds, and economic development for key governments, public institutions, and major companies across Africa.
Outside of McKinsey, Leke co-founded the African Leadership Network, a network of African leaders who aspire to bring prosperity to the continent.
He is also the co-founder of the African Leadership Academy, a coeducational boarding school that aims to develop the next generation of African leaders.
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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.
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AfricaWorks Investment Partners (AWIP), the real estate investment arm of flexible workspace operator AfricaWorks, has closed its second fund with $25 million in equity and debt to acquire and develop mixed-use properties in West Africa.