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SEACOM secures $207 million from IFC to boost digital connectivity in Africa

Key Developments

SEACOM secures $207 million from IFC to boost digital connectivity in Africa

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SEACOM LTD, one of the leading Pan-African data services providers, has secured $207 million in funding from the International Finance Corporation (IFC) to accelerate digital connectivity in seven African countries.

The funding will be utilized to expand and upgrade its submarine and terrestrial cable infrastructure across the African continent. The funding will also support deploying new fiber-optic networks and enhancing existing infrastructure, ensuring faster, more reliable, and affordable internet connectivity for businesses and consumers.

The seven countries set to benefit from SEACOM’s infrastructure development include Kenya, Tanzania, Mozambique, South Africa, Rwanda, Uganda, and Djibouti. These countries were selected due to their strategic geographic locations and potential to significantly impact regional digital transformation efforts. The investment aligns with SEACOM’s commitment to bridging the digital divide and promoting inclusive growth in Africa.

The project aims to unlock opportunities in various sectors, including e-commerce, telecommunication services, healthcare, education, and finance, by bolstering digital connectivity. Improved internet access will enable businesses to expand operations, drive innovation, and enhance productivity.

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Dr. Ibrahim Mayaki 

Dr. Ibrahim Mayaki

Dr. Mayaki is the former CEO of the African Union Development Agency-NEPAD (AUDA-NEPAD), whose contributions to African development are impacting the continent.

With a profound international development and governance background, Dr. Mayaki brought a wealth of knowledge and expertise to his role. As the CEO of AUDA-NEPAD, he played a pivotal role in driving sustainable development initiatives across Africa. Under his leadership, AUDA-NEPAD has become a beacon of hope, channeling efforts towards crucial priority areas such as agriculture and food security, infrastructure development, education, health, and women empowerment.

By collaborating with African governments, regional economic communities, development partners, and the private sector, AUDA-NEPAD has spearheaded transformative projects that empower communities and pave the way for a brighter future.
Dr. Mayaki’s strategic vision and dedication to sustainable development have earned him widespread respect and admiration. His ability to foster strong partnerships and collaborations has been instrumental in accelerating progress and achieving tangible results.

Beyond his professional accomplishments, Dr. Mayaki’s passion for Africa and its people shines through.
He is a staunch advocate for inclusive growth, social justice, and the empowerment of marginalized communities. He is currently serving as the Special Envoy for Food System at the African Union.

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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.
Visa has announced the 19 African startups selected to participate in the third cohort of its Visa Africa Fintech Accelerator program.
Rita Idehai is a Nigerian geoscientist and social entrepreneur who has dedicated her career to addressing environmental challenges and promoting sustainable development.
Amenli, an Egyptian insurtech startup, has raised $2.3 million in funding to accelerate its growth and enhance its service offerings.
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Niama El Bassunie

Niama El Bassunie

Niama is a Moroccan startup founder, investor and advisor in technology companies in Africa and beyond.

She is the Founder of WaystoCap, a premier B2B marketplace in Africa on a mission to solve the inefficient continental supply chain by bringing: payments, logistics, and distribution into one online platform.

Now acquired, WaystoCap is one of the first North African companies to be accepted into Y Combinator in 2016.
Niama is also the Managing Partner at The Baobab Network, an accelerator investing in early-stage technology companies across Africa. At the Baobab Network, she is backing founders leveraging technology to solve some of the continent’s most significant challenges today.

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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.
Visa has announced the 19 African startups selected to participate in the third cohort of its Visa Africa Fintech Accelerator program.
Rita Idehai is a Nigerian geoscientist and social entrepreneur who has dedicated her career to addressing environmental challenges and promoting sustainable development.
Amenli, an Egyptian insurtech startup, has raised $2.3 million in funding to accelerate its growth and enhance its service offerings.
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Dr. Hubert Danso

Dr. Hubert Danso

Danso is a prominent figure in infrastructure development and investment in Africa.

He is the CEO and Chairman of Africa investor, a leading investment and advisory firm focused on driving sustainable development and economic growth in Africa. Dr Danso has extensive experience in infrastructure finance and development, with a particular emphasis on sectors such as energy, transportation, telecommunications, and real estate. He has been vital in facilitating major infrastructure projects across the continent, working closely with governments, multilateral institutions, and private sector entities.

As a recognized thought leader and advocate for Africa’s economic transformation, Dr Danso has actively promoted investment opportunities and fostered partnerships to unlock Africa’s potential.
He is a frequent speaker at international conferences and forums, sharing his insights and expertise on infrastructure development, investment strategies, and the African business landscape.

In addition to his role at Africa Investment Group, Dr Danso is also the Founder and Chairman of the African Energy Chamber, an organization that represents the interests of the African energy sector and works towards promoting investment and sustainable development in the industry.
Dr Hubert Danso’s contributions to infrastructure development and investment in Africa have earned him recognition and accolades.

You may also like...

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.
Visa has announced the 19 African startups selected to participate in the third cohort of its Visa Africa Fintech Accelerator program.
Rita Idehai is a Nigerian geoscientist and social entrepreneur who has dedicated her career to addressing environmental challenges and promoting sustainable development.
Amenli, an Egyptian insurtech startup, has raised $2.3 million in funding to accelerate its growth and enhance its service offerings.
Posted on

 Oumar Basse

Oumar Basse

Oumar Basse is a Senegalese tech entrepreneur democratizing last-mile delivery in Africa.

He is the Co-Founder and CEO of YOBANTE EXPRESS, an African-based company solving the biggest problem in Africa – the last-mile delivery in upcoming markets. The startup has created a marketplace to connect local couriers with local commerce to optimize domestic and cross-border last-mile delivery.

 

Basse’s Yobante Express is the first logistics start-up in Africa to leverage informal domestic shipment form with a technology platform that enables complete trackability and customer service and reduces the prospect of lost or damaged merchandise.

Basse is no stranger to entrepreneurship, having previously founded several tech ventures, including Nano Air. His strong entrepreneurial spirit has seen him win several accolades, including being named the Best Emerging Entrepreneur in Africa.

You may also like...

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.
Visa has announced the 19 African startups selected to participate in the third cohort of its Visa Africa Fintech Accelerator program.
Rita Idehai is a Nigerian geoscientist and social entrepreneur who has dedicated her career to addressing environmental challenges and promoting sustainable development.
Amenli, an Egyptian insurtech startup, has raised $2.3 million in funding to accelerate its growth and enhance its service offerings.
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iSchool: The Egyptian EdTech Startup Bridging Educational Gaps and Empowering Students

StartUp Spotlight

iSchool: The Egyptian EdTech Startup Bridging Educational Gaps and Empowering Students.

| Article

Founded in 2018, iSchool is on a mission to revolutionize the educational landscape in Egypt and empower students through innovative digital solutions.

Founded in 2018, iSchool is on a mission to revolutionize the educational landscape in Egypt and empower students through innovative digital solutions. With a deep understanding of the challenges faced by students and educators, iSchool has emerged as a leading force in bridging educational gaps and transforming the way learning takes place.

 

iSchool’s primary objective is to provide quality education to students regardless of their socio-economic background or geographical location.

The startup addresses the prevailing educational disparities by leveraging technology and delivering comprehensive and accessible learning experiences. Recognizing the need for interactive and engaging educational resources, iSchool has developed a suite of digital tools, including online courses, educational videos, interactive quizzes, and personalized learning platforms.

By harnessing the power of technology, iSchool aims to make learning enjoyable, personalized, and accessible to all students, creating a level playing field for education in Egypt.

 

One of the critical gaps that iSchool addresses is the lack of access to quality education in underserved areas.

Through its online platforms, iSchool ensures that students in remote regions access the same high-quality educational resources as their counterparts in urban areas.

 

This approach helps bridge the educational divide, providing equal opportunities for all students to learn, grow, and succeed academically.

Since its inception, iSchool has achieved remarkable milestones in transforming education in Egypt. Looking ahead, iSchool continues to evolve and expand its offerings, exploring new avenues to enhance the educational experience for students.

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Senegal gets $50 million from World Bank to digitize its healthcare system

Key Developments

Senegal gets $50 million from World Bank to digitize its healthcare system

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The investment aims to modernize healthcare services, improve access to quality care and foster digital transformation in the country’s healthcare sector.

Senegal has secured $50 million in funding from the World Bank to accelerate the digitization of its healthcare system.

The funding, provided through the World Bank’s International Development Association (IDA), will support Senegal’s efforts to leverage technology and innovation to enhance healthcare delivery and strengthen health information systems.

 

The digital transformation of Senegal’s healthcare system will involve adopting electronic health records, telemedicine services, digital diagnostics, and other digital solutions that improve the efficiency and effectiveness of healthcare delivery. Technology integration is expected to streamline processes, reduce administrative burdens, and enable better coordination and communication among healthcare providers. With the funding, Senegal aims to improve access to healthcare services, particularly in remote and underserved areas. By leveraging digital tools, the country seeks to bridge the gap in healthcare access and ensure that all citizens, regardless of their location, have access to quality care.

 

The investment will also enhance data management and analytics capabilities, allowing healthcare providers and policymakers to make informed decisions based on real-time data. The digitization of health records will enable better monitoring of health trends, disease surveillance, and implementation of evidence-based healthcare policies. Senegal’s efforts to digitize its healthcare system align with the country’s broader development goals, as outlined in its national digital transformation and healthcare reform strategies.

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Unleashing the Power of Tech Education: How Ethiopia’s Gebeya is Bridging the Skills Gap and Driving Tech Excellence

StartUp Spotlight

Unleashing the Power of Tech Education: How Ethiopia's Gebeya is Bridging the Skills Gap and Driving Tech Excellence

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This week on the Startup Spotlight, we feature Gebeya, an innovative ed-tech startup based in Ethiopia.

Gebeya is revolutionizing the education landscape and empowering individuals to thrive in the digital era. At Gebeya, their mission is to bridge the skills gap and unlock the potential of talented individuals across Africa by providing them with high-quality tech education and connecting them with rewarding job opportunities.

 

Founded in 2016, Gebeya aims to democratize access to tech education and opportunities, particularly for underrepresented communities in Ethiopia. They aim to equip individuals with in-demand tech skills, foster a culture of continuous learning, and facilitate seamless integration into the digital workforce.

 

By doing so, they are building a future where talent knows no boundaries and every individual has the chance to thrive. Their comprehensive training programs have empowered thousands of students and professionals to acquire skills in software development, data science, AI, cybersecurity, and more.

 

Gebeya’s impact extends beyond individual success stories. By nurturing a skilled tech workforce, they drive innovation, foster entrepreneurship, and attract investment in Ethiopia’s tech ecosystem.

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Nigerian fintech startup Zeeh Africa gets funding to consolidate financial data

New Investments

Nigerian fintech startup Zeeh Africa gets funding to consolidate financial data

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Nigerian fintech startup Zeeh Africa has funding to consolidate financial data in a single platform.

Zeeh Africa secured the funding from Tekedia Capital, a firm investing in mainly technology-anchored companies operating in any industry, including finance. Founded in 2022, Zeeh Africa specializes in unifying financial data in one place, offering a comprehensive solution for businesses and individuals.

 

The startup plans to utilize the funds to further develop its cutting-edge financial data consolidation platform, which aims to revolutionize how financial institutions manage and analyze vast amounts of data. By offering a unified solution, Zeeh Africa aims to tackle the challenge of fragmented financial information across various systems and platforms, enabling banks, insurance companies, and other financial institutions to streamline their operations efficiently.

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