- 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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The Sustainable Energy Fund for Africa (SEFA), a trust fund administered by the African Development Bank, has pledged $8 million as part of a broader $26.5 million financing arrangement for the 32-megawatt-peak (MWp) Ilute Solar Project in Zambia.
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South African startup Open Access Energy (OAE) has successfully closed an oversubscribed seed funding round worth $1.8 million, aimed at fast-tracking the growth of its AI-powered platforms that support digital energy infrastructure and real-time electricity trading.
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The International Finance Corporation (IFC) has unveiled a significant financing deal to advance Egypt’s transition to sustainable energy, with a $72 million loan package for the nation’s inaugural utility-scale battery energy storage system (BESS).
