- 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.
Niama is a Moroccan startup founder, investor and advisor in technology companies in Africa and beyond.
She is the Founder of WaystoCap, a premier B2B marketplace in Africa on a mission to solve the inefficient continental supply chain by bringing: payments, logistics, and distribution into one online platform.
Now acquired, WaystoCap is one of the first North African companies to be accepted into Y Combinator in 2016. Niama is also the Managing Partner at The Baobab Network, an accelerator investing in early-stage technology companies across Africa. At the Baobab Network, she is backing founders leveraging technology to solve some of the continent’s most significant challenges today.
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Nigerian defence technology startup Terra Industries has successfully secured $11.75 million in new capital in a funding round spearheaded by 8VC, the venture capital firm co-founded by Palantir’s Joe Lonsdale.
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Impact investment firm Acumen has confirmed that its flagship Hardest-to-Reach Initiative (H2R) has successfully raised $250 million in blended finance to expand access to clean and affordable energy across underserved regions in sub-Saharan Africa.
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The OPEC Fund for International Development and the Trade and Development Bank Group (TDB Group) have officially become members of the Alliance for Special Agro-Industrial Processing Zones (SAPZ), reinforcing collective efforts to expand agro-industrial activity across Africa.