Equator, a VC firm focused on supporting innovative solutions to climate change, has raised $40 million in commitments to invest in African startups tackling climate challenges.
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The European Union has provided Kenya with $378 million in funding to power the country’s electric Bus Rapid Transit (BRT) system.
The U.S. International Development Finance Corporation (DFC) has invested $25 million in Novastar Ventures to support and invest in early-stage startups in Africa.
Prosper Africa has officially launched its flagship tech alliance to drive e-commerce and digital trade across Africa.
In a rapidly evolving world, regulatory bodies often have trouble keeping up with the pace of business and technology innovation – especially when it comes to fintech. To allow for innovation while protecting potential customers, governments across the globe – and across Africa – have designed “regulatory sandboxes.”
Aquaculture in West Africa can increase food production, preserve the marine ecosystem, and restore wildlife populations.
Private-public partnerships are leading the way for cold-chain innovation on the continent. These types of partnerships will grow as African countries continue their race against time to deliver vaccines to their populations. The cold storage solutions designed for Covid vaccine transport will continue to serve the continent long after the pandemic is managed.
Henri Nyakarundi was born in Rwanda, grew up in Burundi, and moved to the United States at nineteen to study computer science. After spending over a decade in Atlanta and founding several businesses in the States, Henri went back to Rwanda on vacation and felt the pull to come back home. Following several years of researching and working on his idea, Henri moved to Rwanda. He founded ARED, a company that provides green solutions to expand digital access and electricity connectivity in Africa and now operates in four countries.
Emmanuel Lahai is a 21 year old entrepreneur from Sierra Leone. After a year of studying civil engineering in Sierra Leone, Lahai won a scholarship to continue his degree in China where he founded Send Me, a business to help Sierra Leoneans buy Chinese-made products online. Now, Send Me is shifting its focus towards facilitating e-commerce within Africa, with the long term goal of connecting small businesses throughout the continent with consumers from all over the world.