- 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
Addis is the founder and chairman of Kazana Group, a holding company with a mission to promote economic prosperity in Africa by supporting companies making impactful changes and solving critical problems in the lives of communities around them.
Kazana, a Swahili name for ‘striving hard,’ has investments in more than a dozen early-stage companies across Africa. Addis believes in empowering African entrepreneurs and is one of the biggest cheerleaders for Ethiopia’s nascent tech ecosystem.
His passion for tech saw him Co-found Dodai, an Africa-focused technology company with a vision to make life in Africa hassle-free by localizing technologies.
Addis honed his entrepreneurial spirit in Canada before he moved back to Africa to help drive inclusive growth and development.
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The European Bank for Reconstruction and Development (EBRD) is considering an investment of up to €40 million in Amethis MENA Fund III, a new private equity vehicle focused on supporting the growth of small and medium-sized businesses across North Africa and parts of the Middle East.
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British International Investment (BII), the United Kingdom’s development finance institution and impact investor, has launched a new investment strategy for Egypt, reaffirming its long-term commitment to one of its largest markets in Africa, following nearly $1.3 billion in investments in the country since 2012.
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Africa Finance Corporation (AFC) has secured its largest syndicated loan facility to date, raising $2 billion from a consortium of international lenders in a strong vote of confidence for the institution’s infrastructure-led development strategy across the continent.