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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
Nelly is a Cameroonian entrepreneur and fintech expert with over a decade of experience in the financial industry.
Her passion for financial inclusion drove her to co-found Ejara, Africa’s first non-custodial wallet uniquely tailored for Francophone Africa and the diaspora.
Nelly founded Ejara in 2020 to provide innovative financial solutions to underserved communities in Africa, particularly women and young people.
Ejara offers a mobile app allowing users to save, borrow, invest money, and access other financial services such as insurance and bill payments.
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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.
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AfricaWorks Investment Partners (AWIP), the real estate investment arm of flexible workspace operator AfricaWorks, has closed its second fund with $25 million in equity and debt to acquire and develop mixed-use properties in West Africa.