- 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
Nneile is a South African mechanical engineer and social entrepreneur with a vision to transform Africa through technology.
Born in Lesotho, Nneile developed an interest in science and technology as a young girl. She is widely known for founding iMed Tech, a medical innovation startup which produces prosthetics for cancer patients and burns victims.
Nneile has since founded THOLA, an API-enabled platform providing a product-based peer-to-peer lending marketplace that enables consumers to lend working capital to small businesses by pre-ordering their goods and processing payment on the marketplace.
In 2016, she was recognized as Africa’s top female innovator by the World Economic Forum. A year later, the Office of the Presidency recognized her as the South African Youth of the Year.
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London–headquartered mobility and financial services startup GoCab has announced a $45 million financing package to accelerate its growth across Africa and other emerging markets.
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The European Investment Bank (EIB) has confirmed an $80 million equity commitment to the Apis Growth Fund III, a major private equity vehicle led by Apis Partners that focuses on scaling financial services companies in emerging markets.
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Africa’s economy is projected to grow by 4.0% in 2026, according to the United Nations’ World Economic Situation and Prospects 2026 report.