- 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
Richmond is a Nigerian tech entrepreneur making global investment opportunities more accessible for Africans.
He is doing this through Bamboo, a digital investment platform that gives Nigerians real-time access to buy, hold, or sell stocks on the U.S. stock market from their mobile phones or computers. Founded in 2018, Bamboo’s cutting-edge technology aims to democratize access to global investment opportunities for Africans. The startup was one of the 200 companies selected for Forbes’ first Digital Startup Accelerator Program in Nigeria.
Richmond previously served as a Product/Project Manager at L5Lab, an incubator and investment firm building technology-enabled companies that help Africa realize its potential.
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French development finance institution Proparco has pledged $15 million to the African Transition Acceleration Fund (ATAF), a pan-African investment vehicle designed to support climate-related infrastructure projects at the earliest stages of development.
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Impact investment firm Mirova has committed a $15 million senior secured loan to iSAT Africa Mauritius Limited to support the rollout of solar-powered telecommunications towers in Liberia and Zambia.
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FSD Africa Investments (FSDAi) and Allied Climate Partners (ACP) have jointly committed $50 million to support the first close of the African Transition Acceleration Fund (ATAF), a new investment vehicle aimed at advancing Africa’s energy transition.