- 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
Uju is a Nigerian entrepreneur who aims to break down barriers to pan-African agri-trade.
She is the Founder and CEO of Traders of Africa (TofA), a Nigerian startup that operates an online marketplace for agricultural products.
Founded in 2017, Founders of Africa aims to connect African farmers with buyers worldwide, providing a platform for them to sell their products seamlessly and expand their markets.
Before founding Traders of Africa, Uju worked in finance and investment banking, including roles at Goldman Sachs and the African Development Bank. Uju has been recognized as one of Africa’s most promising young entrepreneurs and was named one of Forbes Africa’s 30 Under 30 in 2019.
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The European Investment Bank (EIB) has confirmed an $80 million equity commitment to the Apis Growth Fund III, a major private equity vehicle led by Apis Partners that focuses on scaling financial services companies in emerging markets.
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Africa’s economy is projected to grow by 4.0% in 2026, according to the United Nations’ World Economic Situation and Prospects 2026 report.
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XSML Capital has closed its latest financing vehicle, African Rivers Fund IV (ARF IV), with total commitments of $142 million, surpassing the fund’s original $135 million cap.