- 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
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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British International Investment (BII), the UK’s development finance institution, has announced a $7 million debt facility for Okra Solar to finance equipment purchases and expand electricity access, primarily in rural Nigeria.
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The European Investment Bank has committed $37.5 million through EIB Global to Tanmiya Capital Fund II, helping the Egypt-focused investment fund raise $130 million for growing businesses.
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Madica has secured an additional $6 million from Flourish Ventures to invest in 25 to 30 African startups over the next three years.