- 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
Razaq is a Nigerian tech entrepreneur and the Founder and CEO of Cowrywise.
The startup provides investment management for Africans and enables access to savings and investment products securely.
Before founding Cowrywise in 2017, Razaq launched Sart Partners, an investment management and financial advisory firm that offered companies strategic, financial and industry expertise.
At Cowrywise, Razaq has led the startup to become one of the leading fintech platforms in Africa. The company is the first to be accepted into the Catalyst Fund program in Nigeria and has previously received support from JP Morgan and UK Aid.
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The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has approved a grant of 1.7 billion CFA francs (about $2.8 million) to support private sector growth in West Africa’s monetary union.
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Acumen has announced a new investment in Omia Agribusiness Development Group, a Northern Uganda-based enterprise working with smallholder farmers, including those in refugee-hosting communities, to improve access to agricultural inputs, training, and markets.
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Cape Town-based health technology company, AI Diagnostics, has secured ZAR85 million (about US$5.2 million) in new funding to expand the reach of its artificial intelligence-driven tools aimed at improving tuberculosis (TB) detection.