- 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
Tony Elumelu is a Nigerian entrepreneur, investor, and philanthropist passionate about Africa’s economic development.
A champion of #Africapitalism, the 59-year-old is on a mission to position Africa’s private sector and, most importantly, entrepreneurs as the catalyst for the social and economic development of the continent.
He is the founder of The Tony Elumelu Foundation, a philanthropic organization empowering African entrepreneurs to catalyze economic growth, drive poverty eradication, and ensure job creation.
Tony is also serving as the Chairman of Heirs Holdings, a family-owned investment holding company.
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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.