- 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
Irene Ochem
Irene is a Nigerian entrepreneur and passionate advocate for women’s economic empowerment in Africa.
The AWIEF aims to foster women’s economic inclusion in Africa to drive employment and economic growth. Before founding AWIEF in 2014, she worked in various leadership positions in the private sector.
Through AWIEF, Irene has actively promoted women’s economic empowerment and entrepreneurship in Africa. The organization also provides training, mentorship, and other resources to help women entrepreneurs start and grow their businesses. Irene has received several awards and recognition for her work in promoting women’s entrepreneurship.
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The European Investment Bank has proposed an investment of approximately $85 million in Virunga Africa Fund II, a pan-African private equity fund managed by Admaius Capital Partners that is targeting $500 million.
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Cascador and Sterling Bank have announced a $200 million SME Credit Backstop Fund designed to help Nigerian small and medium-sized enterprises secure larger, longer-term bank loans with lower collateral requirements.
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Nithio has provided financing to Nigerian electric mobility company MAX, bringing its Series B3 funding round to $29 million to support the expansion of electric motorcycles and solar-powered charging and battery-swapping infrastructure across African markets.