- 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
Mbwana is a Tanzanian entrepreneur and investor passionate about fostering African innovation and entrepreneurship.
He has been actively involved in the startup ecosystem on the continent for over a decade and is recognized as one of the leading voices in African tech.
Mbwana is the founder and Managing Partner of Savannah Fund, a venture capital firm that invests in early-stage startups in Africa. Through Savannah Fund, Alliy has invested in several successful African startups, including Twiga Foods, MPost, and Flutterwave
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Canada’s development finance institution, FinDev Canada, has committed a USD 100 million loan to the Africa Finance Corporation (AFC), a major infrastructure financier in Africa.
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The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has proposed plans to invest up to US $7 million in the Moroccan proptech startup Yakeey.
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Nigerian fintech Moniepoint Inc. has successfully raised more than US$200 million in a Series C equity financing round.