- 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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Pan-African venture capital firm Launch Africa Ventures has made its first cash distribution to investors in its Launch Africa Seed Fund I, returning approximately $2.5 million, equivalent to about 7% of paid-in capital.
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The Dutch Entrepreneurial Development Bank (FMO) is preparing to provide up to $80 million in financing to Solarcentury Africa Limited to expand solar energy projects across Zambia, Namibia, and Botswana, in a move expected to strengthen electricity supply and accelerate the region’s clean energy transition.
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Africa’s startup ecosystem recorded a modest recovery in May 2026, with 37 companies raising a combined $135 million through equity, debt, and grant financing.