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Ed Partners secures $1.5 million funding from Oikocredit to enhance access to quality education in Kenya

New Investments

Ed Partners secures $1.5 million funding from Oikocredit to enhance access to quality education in Kenya

Ed Partners has raised $1.5 million in debt funding from Oikocredit to enhance access to quality education in Kenya.
 

Ed Partners received the funding by partnering with the renowned international social impact investor.

This collaboration has been strategically designed to amplify educational opportunities for marginalized communities in Kenya and empower them through enhanced access to quality education and cutting-edge technology.

Oikocredit, distinguished for its unwavering dedication to fostering positive social and economic transformations, has established its position as a trailblazer in impact investing.

This partnership with Ed Partners is a testament to Oikocredit’s commitment to driving change within the educational sector and, by extension, the lives of individuals living in underserved communities.

Ed Partners’ focus on leveraging technology and forming strategic partnerships underscores its commitment to overcoming the multifaceted challenges faced by students in low-income areas.

The primary objective of Ed Partners is to ensure equitable access to high-quality education, effectively dismantling the barriers that often hinder educational progress.

The substantial $1.5 million investment from Oikocredit will be strategically allocated across several key initiatives, all poised to drive tangible change within the Kenyan education landscape.

A considerable portion of the funding will be dedicated to infusing technology into the learning experience.

With plans to equip schools with computers, tablets, and internet connectivity, Ed Partners envisions a future where students can seamlessly access online educational resources and platforms.

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SA medtech startup VitruvianMD raises $1.25 million for innovative healthcare solutions

New Investments

SA medtech startup VitruvianMD raises $1.25 million for innovative healthcare solutions

VitruvianMD, a promising South African medtech startup focusing on innovative healthcare solutions, has raised $1.25 million in funding.
 

Social impact venture capital (VC) fund, The Nebula Fund, led the funding round.

The investment is set to catalyze the growth and expansion of VirtruvianMD’s cutting-edge medical technologies, with the potential to revolutionize healthcare services in South Africa and beyond.

The startup’s achievement follows a growing trend of African startups securing funding for groundbreaking initiatives.

The funding injection is expected to accelerate VitruvianMD’s efforts to address critical healthcare challenges by leveraging advanced technologies.

The company’s core focus lies in developing innovative solutions that enhance patient care, diagnostics, and medical data management.

These endeavors align with the global shift towards technology-driven healthcare solutions.

VitruvianMD’s flagship products include state-of-the-art medical devices that integrate artificial intelligence, data analytics, and user-friendly interfaces to improve patient outcomes and streamline medical processes.

As part of its expansion plans, VitruvianMD aims to further collaborate with medical institutions, research centers, and healthcare providers to integrate its technologies into existing healthcare systems.

The MedTech sector in South Africa has witnessed significant growth over the past few years, driven by a combination of factors, including an increasing demand for advanced healthcare services.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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VC firm Founders Factory Africa secures $114 million to support African tech startups

New Investments

VC firm Founders Factory Africa secures $114 million to support African tech startups

Founders Factory Factory, a renowned venture capital company, has secured $114 million in funding to support and accelerate the growth of tech startups across Africa.
 

The substantial investment underscores the confidence in the continent’s burgeoning tech ecosystem and its potential to drive innovation and economic progress.

Founders Factory’s funding will be strategically distributed across a diverse portfolio of startups spanning various sectors, including fintech, health tech, agritech, edtech, and more.

This approach reflects the company’s commitment to nurturing innovation across multiple industries, focusing on harnessing technology for positive societal impact.

The significance of Founders Factory’s approach extends beyond monetary investment.

Selected startups will receive financial support and access to a network of seasoned mentors, industry experts, and successful entrepreneurs.

This comprehensive support system aims to accelerate the growth trajectory of these companies and position them as leaders in their respective fields.

“We are excited to have new and dynamic funding, which follows on from previous investments into Founders Factory Africa by Standard Bank Group, Small Foundation and Netcare Group,” Founders Factory Africa co-founder Alina Truhina said.

The Ksh.16 billion funding milestone marks a significant leap forward for Founders Factory and the African tech ecosystem, emphasizing the value of strategic investment in nurturing innovation and fostering sustainable development on the continent.

Since its inception in 2018, Founders Factory has catalyzed over 55 African tech startups.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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Naadiya Moosajee

Naadiya Moosajee

Naadiya Moosajee is a remarkable South African engineer and entrepreneur, who stands out as a beacon of inspiration and a driving force for gender diversity in the engineering realm.

Her journey took a remarkable turn when she founded WomHub, an innovative company supporting high-growth female founders in STEM through our engineering labs, co-working space and fund. The organization is dedicated to breaking down barriers and empowering women in the engineering industry.

Through WomHub, Naadiya and her team have tirelessly worked to bridge the gender gap in engineering by providing mentorship, skill development, and networking opportunities for aspiring female engineers.
Their efforts have not only nurtured a supportive community for women in STEM but also instigated vital conversations about inclusivity and equality.

Under Naadiya’s leadership, WomHub has grown into an international movement, creating ripples of change across continents.
From workshops and conferences to scholarships and advocacy campaigns, Naadiya’s dedication to leveling the playing field for women in engineering has left an indelible mark on the industry. Her belief in the potential of women to drive innovation and solve complex challenges has sparked a positive transformation, inspiring young girls to dream big and pursue their engineering passions.

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Winnifred Selby

Winnifred is an award-winning, multi-talented Ghanaian social entrepreneur who strongly advocates for women’s empowerment.

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Esther Mwaniki

Esther is a Kenyan leadership development expert passionate about shaping the next generation of African leaders.

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Ahmed is an Egyptian fintech entrepreneur passionate about improving financial inclusion and empowering communities through technology.

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Rodrigue Msechu

Rodrigue Msechu

Rodrigue Msechu is a Tanzanian entrepreneur and business advisor. He is the founder and CEO of Anza Strategy, a business advisory firm that helps companies enter and grow in the African market.

After graduating from university, Msechu worked as an international trade adviser at the French embassy in Nairobi. In this role, he helped French companies to invest in and trade with East Africa. He later founded Anza Strategy to help companies to enter and grow in the African market by providing market intelligence, business advisory services, and investment matchmaking services. The company has advised more than 30 companies from four continents on their African expansion plans.

Msechu is a passionate advocate for economic development in Africa. He is a member of the African Business Leaders Network and the Young Presidents’ Organization. He is also a mentor to young entrepreneurs in Tanzania.

In 2019, he was named to the Forbes 30 Under 30 list in Africa, and his work was recognized for helping to promote economic transformation in Africa.
Msechu is a rising star in the African business community. He is a visionary entrepreneur committed to making a difference in the continent. He is an inspiration to young people across Africa who are looking to build successful businesses and contribute to the continent’s development.

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Chido Cleopatra Mpemba

Chido Cleopatra Mpemba

Chido is a trailblazer making waves in the realms of youth empowerment, leadership, and environmental advocacy in Africa and beyond.

From her early days, she embarked on a journey fuelled by a deep-rooted desire to uplift the voices of the youth and inspire positive change. Her dedication led her to work closely with organizations such as Generation Unlimited, where she has played a pivotal role in creating opportunities for young minds to unleash their potential and drive innovation.

She is currently serving as the Youth Envoy at the African Union Commission.
As the African Union Youth Envoy, Chido has become a resounding voice for the aspirations of the African youth. Her efforts to amplify their concerns on the regional and international stage have earned her admiration and respect across borders.

By advocating for policies that prioritize youth development, education, and employment, she paves the way for a brighter future for countless young individuals.
Her commitment to environmental sustainability is equally inspiring.

Through her endeavours, she underscores the importance of collective action in tackling the urgent environmental challenges we face today.
She was recently recognized with the International Environmental Leadership Award, a testament to her dedication to safeguarding our planet.

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Oliver Wleh Klark is a Liberian entrepreneur making waves in Africa’s tech Industry and recently emerged as the winner of the prestigious 2023 West African Founder Award at the Global Startup Awards.

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Njavwa Mutambo 

Njavwa Mutambo

Njavwa Mutambo is a Zambian serial entrepreneur with over ten years of experience in the technology industry.

He is passionate about using technology to solve real-world problems. Njavwa is the founder and CEO of Caantin, formerly TopUp Mama, a platform that builds technology and products that help restaurant entrepreneurs manage, purchase, and finance their inventory.

Powered by AI, Caantin is building infrastructure to enable commerce and level the playing field for all, from mom-and-pop restaurants to local fruit suppliers, to increase global GDP. Njavwa previously worked at Lori in a Global Product Operations role and co-founded Musanga Logistics. This logistics company provides last-mile delivery services to businesses in Kenya. He inspires entrepreneurs and changemakers across Africa and mentors budding entrepreneurs at Google for Startups.


Powered by AI, Caantin is building infrastructure to enable commerce and level the playing field for all, from mom-and-pop restaurants to local fruit suppliers, to increase global GDP.
Njavwa previously worked at Lori in a Global Product Operations role and co-founded Musanga Logistics. This logistics company provides last-mile delivery services to businesses in Kenya. He inspires entrepreneurs and changemakers across Africa and mentors budding entrepreneurs at Google for Startups.

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Philips Foundation backs Egypt’s Rology with funding to bridge the healthcare gap in underserved communities

New Investments

Philips Foundation backs Egypt's Rology with funding to bridge the healthcare gap in underserved communities

Egyptian health-tech startup Rology has secured funding from the Philips Foundation under a new partnership.
 

The strategic partnership aims to address healthcare challenges faced by marginalized populations, heralding a new era of improved medical access and innovative solutions.

Rology, known for its groundbreaking advancements in health technology, has garnered significant attention for its commitment to delivering accessible and innovative healthcare solutions.

The partnership with Philips Foundation further solidifies the company’s dedication to addressing the healthcare disparities in marginalized communities.

The Philips Foundation is renowned for its global efforts in promoting equitable healthcare and has chosen to back Rology’s ambitious endeavor to drive healthcare innovation.

This collaboration marks a pivotal moment in creating sustainable, technology-driven solutions for communities traditionally left without proper access to quality healthcare services.

The funding infusion from Philips Foundation is expected to propel Rology’s efforts in developing cutting-edge telehealth solutions, remote diagnostics, and telemedicine platforms tailored to the unique needs of marginalized communities.

By harnessing the power of technology, Rology aims to bridge the healthcare gap, bringing medical expertise and services closer to those who need them the most.

The partnership between Rology and Philips Foundation is driven by a shared vision of a future where quality healthcare is a reality for everyone, regardless of their geographical location or socioeconomic background.

The collaboration aims to pave the way for a more equitable healthcare landscape by focusing on technological innovation, capacity building, and sustainable solutions.

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“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

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Champions of Tomorrow: Recognizing 30 Inspirational African Youth Leaders on International Youth Day

Champions of Tomorrow: Recognizing 30 Inspirational African Youth Leaders on International Youth Day

Africa, with its vibrant cultures, diverse landscapes, and rich history, is a continent brimming with potential.

But the true driving force behind its transformation lies in its youth—the dynamic, ambitious, and innovative individuals who are shaping a brighter tomorrow.

In a world that’s constantly evolving, African youth are at the forefront of change. Their passion for progress, determination to break barriers, and hunger for knowledge are propelling the continent forward.

With a spirit of resilience born from overcoming challenges, they are rewriting narratives and building bridges towards sustainable development.

From bustling urban centers to remote rural communities, African youth are initiating transformation in every corner.

They are entrepreneurs developing cutting-edge solutions for local challenges, advocates for social justice raising their voices against inequality, and tech pioneers harnessing innovation to bridge gaps in education and healthcare.

As the world marks International Youth Day, Empower Africa proudly spotlights 30 exceptional individuals who are driving positive change, innovation, and progress across the continent.

At Empower Africa, our mission is to catalyze sustainable economic development through human capital investment, and these 30 young leaders are exemplary embodiments of that mission, carving paths of impact in various fields.

1. Jessica Annor – Head of the Youth, Gender and Women’s Empowerment Unit – African Union Development Agency-NEPAD


2. Chido Cleopatra Mpemba – Special Envoy on Youth to African Union Chairperson


3. Cynthia Chigwenya – African Youth Ambassador for Peace (AYAP) for Southern Africa (African Union)


4. Nicholas Addae Mensah – Founder & President – Youth Network For Health Promotion


5. Simi Nwogugu – CEO at JA Africa


6. Joshua Alade – Executive Director – Nigeria Youth SDGs Network


7. Kingsley Godwin – CYPAN Chairperson – The Commonwealth


8. Damilola Hamid Balogun – CEO – Youth Sustainable Development Network


9. Dr. Femi Awoyomi – African Youth Development Champion


10. Lucy Mutuku – CEO – National Youth Caucus Kenya


11. Rogers Omollo – East Africa Coordinator – African Youth Philanthropy Network (AYPN)


12. Arnold Gekonge – Founder – Champions for SDGs Youth


13. Christine Odera – Member Board Of Directors – National Youth Service Kenya


14. Doreen Moraa – AS Young leader 2021


15. Lennox Omondi – Global Youth Ambassador – Theirworld


16. Anita Soina – Head of Socials – African Youth Climate Assembly


17. Gathoni Kungu – Vice President at Youth Up Global


18. Sharmi Surianarain – Chief Impact Officer at Harambee Youth Employment Accelerator


19. Mariam Sedky – Youth Advocate Gender Innovation Agora (GIA) at UN Women


20. Emmanuel Wabwire – CEO & Founder Faraja Africa Foundation


21. Denis Wembi – Project CO- Lead, Youth Cast


22. Jovia Kisaakye – Youth Advocate


23. Rebecca Cherop – Youth Advisory Team for Health at Africa CDC


24. Emolot Allan David – Chairperson-AfCFTA Youth Advisory Council


25. Akuot Sarah – Minister of Information, Culture, Youth and Sports (South Sudan)


26. Floyd (Mr F) Mokhena – Youth Advocate


27. Risuna (O) Maluleke – CEO of Young African Entrepreneurs Institute


28. Valentine Mugun – Youth Leader at Global Partnership for Education


29. Mihret Walelgne – Youth Advisor at Mastercard Foundation


30. Zebiba Musema – Pan African Youth Leadership Program Adult Mentor

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Eloho Omame

Eloho is a Nigerian entrepreneur, an early-stage investor, and a strong advocate for gender & inclusion in Africa’s venture capital space.

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