- 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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Pan-African venture capital firm Launch Africa Ventures has made its first cash distribution to investors in its Launch Africa Seed Fund I, returning approximately $2.5 million, equivalent to about 7% of paid-in capital.
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The Dutch Entrepreneurial Development Bank (FMO) is preparing to provide up to $80 million in financing to Solarcentury Africa Limited to expand solar energy projects across Zambia, Namibia, and Botswana, in a move expected to strengthen electricity supply and accelerate the region’s clean energy transition.
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Africa’s startup ecosystem recorded a modest recovery in May 2026, with 37 companies raising a combined $135 million through equity, debt, and grant financing.