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An Interview with Matt Roberts-Davies , General Manager of M-Changa – an official partner of the 2018 Global Trends in Giving Report. According to the International Center for Not-for-Profit Law , there are 6,500+ NGOs registered with the NGOs Coordination Board in Kenya. 2) How do M-Changa’s crowdfunding services fill that void?
One repeating theme came to me during a recent and fascinating meeting with Professor Rebecca Richards-Kortum, the Director of Rice 360, the Institute for Global Health Technologies. Her students at Rice University have been busy inventing new tools and equipment for global health. Rebecca was looking for help with a familiar problem.
People organized across North America, aligning themselves with CCF, writing articles and forming local chapters. We took the movement global, which led to the creation in 2022 of the CCF Global Council , of which I am a member. Through CCF chapters, the CCF Hub, and conferences, we disseminate our knowledge and resources.
Others found ways to expand the opportunities within existing hometown industries: NCBiotech built pathways to bring more local residents into the Research Triangles booming life sciences sector. The citys locally owned Orion Amphitheater , the nexus of the $2.2 The initiative will also benefit local industry by slashing energy costs.
The round, led by Tiger Global — the VC firm’s third major investment in Africa this year after Flutterwave and FairMoney — also had participation from new investors Target Global (an investor in neobank Kuda), General Catalyst, and SBI Investment. Tiger Global confirmed it led the investment in an email to TechCrunch.
Months before Kenya finally banned iris scans by Sam Altman’s crypto startup Worldcoin, the Office of the Data Protection Commissioner (ODPC) had ordered its parent company, Tools for Humanity, to stop collecting personal data. The crypto startups said it hopes to resume activities in Kenya soon.
He now lives in rural Kenya working on eye care. Andrew’s focus is on curing blindness: 80% of the people he sees in rural Kenya can have their blindness reversed. I explained Benetech’s efforts to grow the impact of our Bookshare library globally, specifically discussing partnerships with groups in India and Kenya.
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
But startups are also solving local problems. Startups are aiming for a global, not local market. It was surprising many startups are aiming for a global, not local market. kenya’s winner Sematime makes it easy for people to send bills and invoices to large groups of contacts via SMS.
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.
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.
T his might not seem spectacular from a global perspective because it took the startup a year and two months to achieve but it’s a noteworthy feat in African markets. The company, which first launched in Uganda, is disrupting the offline market of local motorcycles referred to as boda-bodas in Uganda and okadas in Nigeria.
million acres of rhino habitats, and has recently expanded to help conservation efforts in Kenya and Namibia. Combining data from satellites, ground-based cameras, aerial observations and local weather information, OroraTech detects threats to natural habitats and alerts users in real time.
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. Then Kenya. Then it became living in Nigeria.
You can count on one hand the number of funds bigger than Tiger Global. From that fund, Tiger Global made more private investments than any other firm last year — about 340 as of late December — roughly one investment per day, according to CB Insights. However, Tiger Global limited its activity in Africa from 2009 to 2014.
The first electric bus by Swedish-Kenyan EV startup, Opibus , has hit Kenya’s roads marking the beginning of the company’s venture into the mass transit industry. The startup is now running a pilot in readiness for the commercial launch of EV buses in Kenya later this year, and across Africa by the end of 2023.
Idorenyin Obong and Femi Aghedo founded Grey in July 2020 as an instant exchange service to help Nigerians exchange foreign currencies in their domiciliary account for local money — the naira. The YC-backed Nigerian fintech has since expanded into East Africa, starting with Kenya.
Discovered more than a century ago in South Sudan, excelsa coffee is exciting cash-strapped locals and drawing interest from the international community amid a global coffee crisis caused mainly by climate change. One truck of 30 tons of coffee has to travel some 1,800 miles (3,000 kilometers) to reach the port in Kenya to be shipped.
The firm co-led the round with Global Ventures, the MENA-focused VC that has backed the likes of Tabby, Helium Health and Paymob. “I KlashaWire allows small merchants in these six countries to pay their suppliers in their local currencies. The platform will go live in Kenya in the next couple of months, said Anuna. KlashaCart.
She caught my attention because she founded an organization that works with orphaned and disabled children in Kenya. Having friends in Kenya, she came up with the idea to provide summer schools in Kenya. " The organization works directly with local ngos and volunteers matching them by interest, need, and skills.
Within the last 18 months, the four-year-old startup worked on analyzing fraud data from global money networks, verification of mobile money financial statements and blocklist data from various banks and fintechs within the last 18 months. Other prominent use cases include AML checks, customer onboarding and fraud prevention.
There are only a handful of African food-tech startups, and a year and a half’s worth of global pandemic has added a couple to that list. When Reetch first came to Kenya from France in November 2020, it wasn’t easy to get affordable ready-to-eat meals. Reetch wants Kune to be the go-to for such programs in Kenya.
Experts told TechCrunch that most recently announced deals were finalized months before macroeconomic challenges — high-interest rates, war, inflation — hit the global VC landscape. “If these global funds pull out and do less, it also means more room for participation from local funds into the extensions or their pre-Series A.”
Electric vehicle startup BasiGo has today announced the launch of its operations in Nairobi, bringing clean energy options to Kenya’s public transport industry, currently dominated by fossil-fuel buses. . The company is planning to enter other markets within the East Africa region after establishing ground in Kenya.
SeamlessHR has also eaten into the market share of legacy and “on-premise” systems like SAP and Oracle, commonly used by large companies locally. Localization of software also plays a part in SeamlessHR replacing these legacy systems in Nigeria.
The region happens to be one of the fastest-growing globally; nevertheless, over 200 million people in East Africa do not have access to a bank account or mobile money. Anglophone East Africa is home to over 400 million people, with half under 25.
Madica said it is also keen on reaching underserved markets in the continent, outside the well-established hubs of Egypt, Kenya, Nigeria, and South Africa. This is part of its push to ensure a pan-African reach by supporting local, and women founders. Venture studio Adanian Labs fuels startup growth in Africa.
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. Kenya is a close second with $1.1 There was reason to believe so.
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. to East African countries (Kenya, Uganda and Tanzania), thus ushering the Tanzanian fintech into the remittance business. and the E.U., and the U.S.
I’m just back from a trip to Kenya and London and as they say in the UK, “cream crackered&# (really tired). But before I rest, I wanted to let you know that it’s Tweetsgiving time again, a global celebration of gratitude and giving lasting 48 hours to support the work of EpicChange. .
“Our solution is for people in the local market moving into their first market or a company in their fourth market trying to scale their enterprise.” These countries include Nigeria, Kenya, Ghana, South Africa, Rwanda, Senegal, Togo, Tanzania, Ivory Coast, Egypt, Mauritius and Burkina Faso.
The digital banking space in Africa is taking shape as neobanks on the continent grow in numbers like their global counterparts. Finclusion’s debt financing, which makes up the larger share of the overall round, was provided by local currency funds in Eswatini and South Africa.
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.” and Kenya raised $107.6 Those in South Africa claimed $119.7
Join our global tweet chat on September 18 to discover the latest in social media best practices. Find your closest NetSquared group on our global map. Guatemala: The Social Good Summit Global Conversation 2013 - Guatemala. Busia, Kenya: Blue Bells Orphans And Vulnerable Support Program /Kenya. Event Reports.
The startup is now expanding its network of local agents that consumers can place orders with. Kapu joins the growing list of startups that are digitizing the informal retail sector in Kenya, including Tushop, which launched last year. Social commerce platform Tushop set for Kenya growth after raising $3 million pre-seed funding.
The founders draw on prior experience building API products for local markets in the past. Pngme says it’s operating in Nigeria and Kenya, while Stitch is only in South Africa. In 2017, Kiaan Pillay worked as the head of operations for South African insurance API platform Root. “Unlike the U.S.
San Francisco-based venture capital firm Global Founders Capital led the seed round. Y Combinator, Hustle Fund, Liquid 2 Ventures, Hack VC and Soma Capital participated, including individual local investors and early backers such as Paga CEO Tayo Oviosu, Remita CEO John Obaro and Magic Fund. .
The dynamics that play into this forecast, aside from the impact of COVID, include a youthful population (the youngest globally), rising smartphone adoption and internet penetration that has led to a burgeoning tech ecosystem backed by local and international VC dollars.
Kenya-based MyHealth Africa , an integrated healthcare platform changing how people access medical services, by connecting patients with local and international health specialists and hospitals, is growing its reach in Africa, and plans to further expand in Middle East and South Asia next year.
Kate Behncken is corporate vice president, global head of Microsoft Philanthropies, a global, multi-disciplinary team that brings together corporate social responsibility, sales and engineering functions. Do you see the global south playing a more significant role for Microsoft Philanthropies in the future versus now?
million seed funding, and an additional $1 million commitment for on-chain liquidity, in a round led by early-stage backer TCG Crypto, with participation from a number of funds including BlockTower, Hashed Emergent, Saison Capital, and Global Coin Research. The loans range in size from $200 up to $5,000 …they are really competitively priced.
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. PawaPay isn’t far off.
But despite the proliferation of local and foreign crypto exchanges and the introduction of novel models by up-and-coming web3 platforms, some observers believe there are still notable barriers to using crypto in Africa. .” To that end, the local knowledge and specialized skills of the MARA team is quite promising.”
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