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Pangea to unlock diaspora remittances as funding source for African startups

TechCrunch

Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries. And as annual inflows grow, Pangea’s country director and CEO for Kenya Anne Lawi told TechCrunch, diaspora remittances can be tapped to increase the amount of funding injected into startups.

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Nigerian fintech Appzone raises $10M for expansion and proprietary technology

TechCrunch

However , they seem to be doing quite well compared with traditional banks that face challenges like legacy cost structures and a major lack of operational efficiency. Other countries with a presence include the Democratic Republic of Congo, Ghana, Gambia, Guinea, Tanzania and Senegal. Appzone is a fintech software provider.

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How African startups raised venture capital in 2022

TechCrunch

Outside the top four countries, startups from Ghana, Algeria, Tunisia and Senegal raised the most equity funding. Partech: Nigeria represented 23% of African tech’s total equity funding. South Africa takes the second spot with 17%, Egypt at third at 16%, and Kenya at 15%. Kenya is a close second with $1.1

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This new paint changes color with the weather—and cuts down on energy bills

Fast Company Tech

In 2019, teams across Senegal, Bangladesh, Mexico, and Indonesia painted a total of 250,000 small household rooftops with white reflective pain as part of the Million Cool Roofs Challenge. The power of paint Many cities have turned to paint to alleviate urban problems like the heat island effect. In 2022, the city of L.A.

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