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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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African Export-Import Bank (Afreximbank) and the Africa Trading and Distribution Company (ATDC) have signed a $500 million global credit facility to finance the purchase, movement and distribution of African goods across regional and international markets.
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The Nigeria Sovereign Investment Authority (NSIA), Africa50 and Sustainable Energy for All have announced the commercial launch of the $300 million Nigeria Distributed Renewable Energy Fund.
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Biochar Industrial Group (BIG), a Nigeria-based climate technology company, has raised $1.5 million in pre-seed funding to expand its biochar production model across sub-Saharan Africa.