- 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
Damilola is an exceptional entrepreneur, a visionary leader, and a true inspiration to many.
She is the Co-Founder and CEO of Shuttlers, a transportation technology company based in Lagos, Nigeria. Shuttlers provides a platform that offers convenient and reliable shuttle services for commuters in major cities. The company aims to solve transportation challenges in urban areas by providing a shared mobility solution that is affordable, efficient, and comfortable. Damilola is also UNCTAD’s etrade for Women Advocate for Anglophone Africa, where she is contributing to building a more gender-inclusive digital economy in developing countries.
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French development finance institution Proparco is investing approximately $672,000 in Cashi to support digital financial services in Sudan, where cash shortages and disruptions to banking and telecommunications have complicated everyday business transactions.
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South African fintech Yoco has secured a $100 million credit facility from US investment firm Victory Park Capital to expand working capital financing for small and independent businesses.
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The International Finance Corporation (IFC) has proposed investing up to $30 million in Capital Alliance Private Equity Fund V (CAPE V), sponsored by Lagos-based African Capital Alliance (ACA).