- 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
Aziz is a Senegalese fintech entrepreneur on a mission to build the next African PayPal by providing daily services, including payment solutions and an artificial intelligence-based personal assistant.
He is doing this through PayDunya, a Dakar-based Pan-African payments champion he co-founded in 2015.
PayDunya facilitates the sending and receiving of payments on a website or mobile application and the collection and disbursement of bulk payments. Having missed the turning point of the industrial revolution, Aziz believes Africa mustn’t miss out on the digital one.
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Mercy Corps Ventures has invested in Logidoo, a technology-driven logistics platform focused on improving the movement of goods across French-speaking North and West Africa.
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A coalition of development finance institutions, philanthropic organizations, and private-sector investors has commercially launched Zafiri, a $176 million blended-finance platform designed to expand electricity access across sub-Saharan Africa through long-term investment in distributed renewable energy businesses.
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Norfund and the Facility for Energy Inclusion (FEI), a debt fund managed by Cygnum Capital, have completed a $90 million long-term financing package for CREI, the telecom energy services and asset management subsidiary of two33 Group.