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As I mentioned in my previous two blogs about my Africa trip of last July, I had the pleasure of meeting many interesting people and learning about numerous exciting, cool projects during that three week long visit to Kenya, Tanzania and Ghana. The good news is that trachoma can effectively be eliminated.
The company, having raised more than $90 million in total from investors such as Valar Ventures and Target Global, is also planning an expansion outside Africa to Pakistan. Kuda, the African challenger bank, raises $55M at a $500M valuation.
This is totally the “how sausage and law are made” view, so don’t read this unless you want to know more about global accessibility in detail! Even though Benetech doesn’t have donor funding for this, our VP of Global Literacy, Betsy Beaumon, and I thought it would be worthwhile to attend this meeting.
The startup told TechCrunch that it will use the funding to enter Ghana and Egypt by the end of the first quarter of 2022, and other additional markets in Francophone, East and Southern Africa by the close of the same year. Nigerian mobility tech startup Metro Africa Xpress Inc. ( Chinedu Azodoh is the startup’s other co-founder.
Silicon-Valley based VC firm 500 Global and German’s economic development agency Gesellschaft fu?r Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program.
Today, it is doubling down on this effort by announcing the global expansion of its engineering talent. When Andela launched in 2014, it built hubs in Nigeria, Kenya, Rwanda and Uganda to source, vet and train engineers to be part of remote teams for international companies. That was clear, but the timing was the question.
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. “When these companies evolve to go global, we still count them as African companies.” Ghana, for instance, is already attracting above $100 million.
When I signed up to participate in the Girl Effect Blogging Campaign, I wasn't sure how I would contribute, but when I connected with Carinne Brody at an International Museum of Women event a couple weeks ago, I knew she would be a wonderful person to talk with us about the connection between girls' education and global health.
As a board member of Ushahidi and an advisor to Global Voices - very pleased to see them on the list of recipients which also included those listed below.
Why it matters: These departures have raised questions about Honor’s stability and decision-making capabilities, suggesting potential challenges or strategic shifts that could disrupt operations and hint at deeper internal issues. Li Jian joined Huawei in 2001 and became a member of the board of supervisors in 2017.
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down.
Last March, the Ghana-founded and New York–headquartered Dash raised $32.8 million in equity from Insight Partners, Global Founders Capital, 4DX Ventures and ASK Capital, among others. Kinyua assumes the role of interim CEO. That’s a 4x boost in transaction volume and a 5x rise in user count within five months.
African merchants encounter many challenges when it comes to international shipping ranging from logistics and customs to hidden and excessive charges. “The world was shutting down, but there was this high demand for stuff and demand for international shipping was going up simultaneously. ” . .
Andela has been pivotal to placing the continent’s tech talent globally. In 2020, Yusuf toyed with the idea of building a physical campus where he and his team would train software engineers to get international opportunities. He founded AltSchool with Akintunde Sultan and Opeyemi Awoyemi last October.
Analysts say the value of e-commerce in Africa is expected to reach $29 billion next year, yet Africans still find it difficult to make international payments for products online. At the time, the company’s focus was to make it easier for African consumers to purchase products directly from global fashion retailers.
African startups join global funding boom as fintech shines. An interesting instance would be freelancers in Ivory Coast trying to receive payment for services on a global payments platform. This alternative financial infrastructure is one of the largest globally. He also sits on the board of 88mph.
The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express. This investment is AMEX Ventures’ first in an African startup. Image Credits: Klasha.
And I will start this post off by being clear – this is as much of an internal, personal conflict for me, and a way in which I see my own behavior and my values diverge at times. Global climate change is beginning to affect our lives in a real way. We leave that to China, Ghana, and other countries.
NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. But in 2020, NALA started testing international money transfers after some users expressed interest in moving money from the U.K. and the E.U.,
The fintech’s new growth strategy follows its plan to power its embedded finance offering beyond its current markets, including Uganda and Ghana, to bridge the financing gap affecting millions of micro, small medium-sized enterprises (MSMEs) across these markets. [We Image Credits: Pezesha.
Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. is responsible for almost 30% of the international remittances to sub-Saharan Africa. The company will roll out the service to users in Ghana, South Africa and Kenya before the end of the year.
Participating investors include XYZ Ventures, Village Global, Musha Ventures, Voltron Capital, Ventures Platform and Paystack CEO Shola Akinlade. A few individual businesses have sought to tackle this problem internally and allow employees to access their daily salaries as they work for it.
Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. Economic headwinds have hit the global fintech space hard. CEO Ham Serunjogi founded Chipper Cash with Maijid Moujaled in 2018 to offer a no-fee peer-to-peer cross-border payment service in Africa via its app.
The investment was led by Ed Brakeman, a senior managing director at Bain Capital and Hans den Bieman, founder and ex-CEO of Mowi, one of the largest salmon businesses globally. And using data, we have built the most efficient operation globally at half the capex of current global leader,” Rehmann told TechCrunch via email. “We
For one thing, by the first half of 2022, A frica seemed to defy the global venture funding decline after its startups raised $3 billion, double the amount secured over a similar period the previous year; therefore, a twofold increase by December seemed plausible. There was reason to believe so.
Every nonprofit, big or small, stands to gain from working towards a common global goal. From a place of political neutrality, Sweden found that environmental pollution could be an issue of potential cooperation between members of the UN, and hosting a conference on that topic would help boost the UN’s global perception.
Behind such transactions is cross-border commerce, where African brands, via personal shoppers, export their items to a global audience. From apparel to beauty and home decor to accessories, the e-commerce platform is connecting African and African diaspora luxury brands with high-end consumers worldwide and African shoppers to global brands.
Bolt’s Africa regional director, Paddy Partridge, told TechCrunch that the ride-hailing firm has experienced a spike in on-demand transportation services, and that the current drivers — especially in Ghana and Nigeria where “there’s a real shortage of cars” — are not enough to meet this growth.
Within this timeline, he interned at several companies in Palo Alto, California. The startup hopes that the Series A funding will drive its presence in 12 countries, including South Africa, Kenya, Ghana and Saudi Arabia. Yahya Bouhlel started coding in his early teens. Most of his work revolved around building apps and iPhone games.
It has secured a first close led by International Finance Corporation (IFC) with participation from the Women’s Finance Initiative (WeFi). The managing partner says Savannah is big on startups that can scale across regions in Africa — Rwanda, Ethiopia, Uganda in East Africa; Ivory Coast and Ghana in West Africa; and globally.
Kuda claims to have up to 5 million users, more than thrice the number it had last August during its $55 million Series B round , money it raised to enter into other African countries like Ghana and Uganda this year. a move the company says is part of a major global expansion drive. . From an administrative point of view, Kuda’s U.K.
The Series B funding is coming almost eighteen months after raising $10 million co-led by Partech Africa and the International Finance Corporation (IFC). TradeDepot operates a B2B marketplace that connects small shops, kiosks, retailers with wholesalers of global consumer brands who have access to food, beverages and personal care products.
However, with global sea levels still rising rapidly , biodiversity declining at an alarming rate , and the world’s most vulnerable populations bearing the brunt of the climate crisis, it is clear that the efforts of dedicated environmental nonprofits alone are not enough. From nonprofits like 350.org With a digital-first approach, 350.org’s
The Gates Foundation pledged $315 million over three years to CGIAR , a global research partnership focused on the needs of smallholder farmers, in support of efforts to help them adapt to a surge of climate threats that, in turn, are exacerbating global hunger and poverty. Read more. . November 3, 2021.
Tobias Eigen from Kabissa presented at the Web2fordev: Remixing the Web for International Development. And, if your nonprofit does not have a video camera to create content, sign up to get a free one from the Flip Video Camcorder Giveaway , in partnership with the Clinton Global Initiative. Fundraising 2.0
The winner will go on an international reporting trip with him to focus attention on the problems of global poverty, and its solutions. Possible destinations this year are Guinea-Bissau, Guinea, Liberia and/or Ghana. Past winners traveled to Cameroon, the Central African Republic, Rwanda, and Congo.
million in Series C funding from global private equity firm Lightrock. International Development Finance Corporation, the Ford Foundation, Kenya’s Co-operative bank and high net-worth individuals. Kenya-based fintech company 4G Capital , which provides unsecured credit to micro enterprises, has raised $18.5
FFA is an extension of the Founders Factory organisation that has invested in more than 130 companies globally. These startups, mainly from Ghana, Kenya, Nigeria and South Africa, have collectively raised more than $7 million during and after the program. This is a change from when the company launched in 2018.
Ghana’s Float initially launched as Brex for Africa but later pivoted to offering the same credit features with more emphasis on software and less on cards; Boya, on the other hand, plans to execute on both fronts using overdrafts. Unlike the U.S. Website : [link]. Founded in : 2019. Team size : 30 . Location : Lagos, Nigeria.
While I was in Chicago, Ryanne Hodson , who I met at last year's BlogHer, is in Cambodia and Southeast Asia with Jay Dedman to document the work of Project Hope International. So, while at BlogHer 07 I had a little bit of a personal learning mission: What can I learn about mobile video blogging in a global context?
I believe it’s the antithesis of what Silicon Valley is supposed to stand for and it’s detrimental to America’s ability to lead on a global, entrepreneurial scale. You end up internalizing that bias in your mathematically “objective” decision-making. By 2016, without capital, I had bootstrapped the company to eight digits in revenue.
After I wrote all of the above, I came across a LinkedIn post from a Better.com employee who on March 11 was asked to resign a week early after publishing an internal communication from the company on social media. And damn, out of Ghana this past week, Dash raised a $32.8 million seed round (enormous by even U.S. Image Credits: Dash.
When I sat down to talk with the co-Directors, Melinda Kramer and Amira Diamond, in early March, they had literally just returned from the West African Woman and Water Training in Ghana. You both just came back from the 2010 West African Women and Water Training in Ghana. MK: One of the highlights for me was the Global Peers program.
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