- 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
Kakebo is a Ugandan entrepreneur and environmental activist championing the transition from using firewood to using eco-friendly briquettes in Africa.
He is the Founder of WEYE clean energy CO. Ltd, a social enterprise that uses waste-to-energy business to empower youth and women to break the endless cycle of poverty.
Kakebo’s waste-to-energy initiative has trained nearly 1,000 youth and women, empowering them with skills and equipment to start and run briquette production units and plastic waste recycling businesses.
The project also provides waste-to-energy cooking and heating solutions to 10 schools, large-scale poultry farms and medium-scale industries. His innovative social business models have received both domestic and international recognition. In 2020, Kakebo was named the Commonwealth Person of the Year.
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Finnfund, a Finnish development finance institution, has committed a $4 million debt investment to Kenyan internet provider Poa Internet to accelerate the rollout of affordable, high-speed broadband across underserved and low-income communities in Kenya.
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Uncovered Fund, a Tokyo-based venture capital firm, has teamed up with Japanese financial services group Monex Ventures to roll out the Uncovered Monex Africa Investment Partnership (UMAIP)—a $20 million fund designed to fuel early-stage innovation across Africa and the Middle East.
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Swiss impact investor Symbiotics has provided a USD 5 million debt facility to Complete Farmer, the Ghanaian agritech startup focused on strengthening agricultural value chains in West Africa.