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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
Gerald is an accomplished Ugandan entrepreneur driving financial inclusion by growing the developing world’s digital financial infrastructure.
He is the CEO of Ensibuuko, a leading provider of digital financial services to rural communities in Uganda. As the CEO of Ensibuuko, Gerald has created a digital solution that connects the unbanked to the broader financial ecosystem.
Through his innovative approach, Gerald has made a real difference in the lives of thousands of people, empowering them to build better futures for themselves and their families. Gerald’s work has earned him international recognition, including being named as a Forbes 30 Under 30 honoree in the Social Entrepreneurship category in 2018.
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3IF Ventures, a venture capital fund focused exclusively on Africa’s insurance technology sector, has announced the first close of its Inclusive Insurance Investment Fund at $12 million.
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French development finance institution Proparco has extended a new financing facility to Kenyan healthtech company Tibu Health, providing fresh capital to support the expansion of its primary healthcare network.
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South African venture capital firm Aions Ventures has unveiled a new ZAR100 million (US$6.1 million) investment vehicle aimed at supporting early-stage technology startups as they move from initial market traction to larger growth-stage funding rounds.