- 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
Mareme is a Senegalese venture capitalist helping African founders build fast-growing technology companies to access funding.
She is the Africa Lead at 500 Global, a venture capital firm based in San Francisco, California. In her role, Mareme is responsible for sourcing and evaluating investment opportunities and working with portfolio companies to help them scale and succeed.
Before joining 500 Global, Mareme worked as an investment banking analyst at Goldman Sachs in New York. She has been recognized as one of the “Top 40 under 40” by the Association for Corporate Growth and was also named to Forbes’ “30 under 30” list in the Venture Capital category.
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The Private Infrastructure Development Group (PIDG) plans to invest about $1 billion annually across Africa and Asia through 2030, with renewable energy expected to receive most of the funding.
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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.