Siemens Did you know that the digital gap in Africa remains a significant challenge, with internet penetration estimated to be around 39.3%
The facility will provide the necessary financial resources to support the growth and development of private sector operations in Africa, which will, in turn, create more jobs, increase productivity, and foster inclusive economic growth. The loan will support various private sector operations, including infrastructure development, agribusiness, energy, and manufacturing. It will also provide financing for small and medium-sized enterprises (SMEs) in Africa, which is critical to job creation and economic growth.
Nigerian automaker Innoson Vehicle Manufacturing Company (IVM) has made a significant stride in the country’s automotive industry with the unveiling of its first locally produced electric vehicle.
South African fintech startup Mama Money has partnered with global banking leader Access Bank and card issuing company Paymentology to launch a first-of-its-kind bank card service powered entirely through WhatsApp.
Kenyan mobility startup BasiGo has received a $1.5 million grant from the United States Agency for International Development (USAID) to support the pilot testing and scale-up of its electric buses in Rwanda.
© 2021 Empower Africa. All rights reserved.