- 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
Nelly is a Kenyan social entrepreneur leveraging the digital economy to lift communities out of poverty.
She is the Founder and CEO of TechLit Africa, a non-profit organization fostering a more technologically literate Africa. TechLit Africa repurposes the vast quantity of used technological equipment from companies, institutions and individuals and refurbishes them for use in the impoverished communities we serve.
The organization is on a mission to level the playing field for families in Africa by building computer labs in their local schools equipped with games, videos, and lessons from our open-source curriculum software.
Nelly’s contribution to bridging the technological gap in Africa has won her several honors, including the CNN Hero of the Year award.
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Private equity firm Mediterrania Capital Partners has announced a €100 million co-investment into Coris Holding, the second-largest banking group in the West African Economic and Monetary Union (WAEMU) region.
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Germany’s development finance institution DEG has announced a US$25 million commitment to Helios Fund V, the fifth private-equity vehicle managed by London-based Helios Investment Partners.
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The African Development Bank (AfDB) has pledged US$75 million in financing to Nyanza Light Metals, a South Africa–based company, to help establish a titanium-dioxide pigment production facility in the Richards Bay Industrial Development Zone (RBIDZ), KwaZulu-Natal.