- 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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Africa’s food and agribusiness market is projected to reach $1 trillion by 2030, positioning the sector among the continent’s largest long-term economic opportunities.
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Maia Capital Partners has committed R150 million (US$9.12 million) in mezzanine debt financing to South African renewable energy company Nesa Power, providing growth capital to expand its commercial and industrial (C&I) solar business and increase its portfolio of long-term power purchase agreements (PPAs).
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Nigeria’s Bank of Industry (BOI) has appointed Kuramo Capital Management as fund manager for the $170.6 million DICE Fund of Funds.