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Recently, on March 8th, International Womens Day was recognizeda moment that originally sprung from a movement to fight against child labor and sweatshop working conditions. Female genital mutilation still occurs Last month, I traveled to Senegal to see UNICEFs work firsthand. Further, FGM in Senegal hit its lowest point in 2023.
Wave, an African fintech that offers mobile money services in Senegal and Ivory Coast, laid off about 15% of its workforce last month. The company, which operated a stealth launch two years prior in Senegal, has since raised over $290 million in equity and debt capital funding to date. Germany, Nigeria and the U.K.
PAPS , a Senegal-based logistics and delivery company, is filling this gap in its region by offering customers various logistics services. The platform caters to small to large businesses, assisting them with their logistics needs, from storage and international transport to last-mile delivery.
and Senegal-based mobile money provider, has raised $200 million in Series A round of funding. The International Monetary Fund says that as of 2017, only 43% of adults in sub-Saharan Africa were “banked” by way of a traditional bank or mobile money account. Wave , a U.S. ” Going up against incumbents.
On the other hand, Appruve, which provides an API that verifies user identity, fraud detection and digital documentation, primarily focuses on new datasets that enable or complement traditional government data such as international passports and national IDs. We have product depth in Nigeria already.
Senegal took the fifth spot with $353 million, while Ghana was sixth ($167 million). Startups in Senegal received more than $222 million, placing the country in fifth. Some tech insiders don’t view companies such as Zepz, Zipline or Tala as African companies — some see them as international companies headquartered in the U.S.
Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries. Norway’s Pangea Trust, through its equity crowdfunding platform Connect , is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa.
Within this timeline, he interned at several companies in Palo Alto, California. In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. Yahya Bouhlel started coding in his early teens. Most of his work revolved around building apps and iPhone games.
Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. As part of the fund’s mandate, it will invest up to 25% of the fund in IDA countries, or low-income countries as defined by the World Bank.
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. 500 Global’s take on the rising competition among startup accelerators.
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. Senegal, the region’s top destination for VC funding dropped from $16 million in 2019 to $8.8 Regional and gender diversity check. million.
.” With the $14 million in funding, from investors including Energy Access Ventures (EAV), Électricité de France (EDF), Acumen Capital Partners (ACP) and Dream Project Incubators (DPI), SunCulture will expand its footprint in Kenya, Ethiopia, Uganda, Zambia, Senegal, Togo and Cote D’Ivoire, the company said. .
The West African region also grew the most in terms of transaction value by 46%, to over $178 billion, and countries like Ghana, Senegal and Ivory Coast are leading the charge, which presents a vast opportunity for these payment gateway providers, unlike the card payments market where two countries are prominent. .
Swizerland, India, Nigeria, Senegal and other geographies. International fintech remains a key focus at YC Demo Day. Nearly half of the neobanks in this batch are based in the United States, while the remaining are spread across the U.K, just to name a few examples from the latest batch. And this batch supports that realization.
Opportunity International, Oikocredit invest $100 million in education. Opportunity International and Oikocredit have announced a three-year, $100 million impact investment agreement to increase access to, and quality of, education in low-income countries. November 3, 2021.
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
Growth affected by internal changes and macroeconomic conditions Since the decision, a decline in quarterly active customers, orders and gross merchandise value (GMV) have followed. These early signs of success can be seen in markets like Senegal and Ghana, where the electronics and phones categories grew the fastest in GMV in Q2 2023.
This April, FTX announced a partnership with AZA Finance to roll out African and digital currency pairs and expand trading in nonfungible tokens (they managed to launch the fiat rails for Ghana and Senegal prior to FTX’s collapse). — Elizabeth Rossiello (@e_rossiello) November 11, 2022.
The targets need to be linked like so: --> Jump to events in North America or go international with events in. Dakar, Senegal: Concours de Présentation des Projets. Check each month that there are events in each region, and comment out the un-necessary regions. The link need to be like so: Africa. Africa and Middle East.
And, in our initial six pilot countries (which include Colombia, India, Indonesia, Kenya and Senegal) we plan to take a deeper look, using national data, research and story-gathering to understand where progress is being made and where it is lagging. . The future for Equal Measures 2030.
And, in our initial six pilot countries (which include Colombia, India, Indonesia, Kenya and Senegal) we plan to take a deeper look, using national data, research and story-gathering to understand where progress is being made and where it is lagging. . The future for Equal Measures 2030.
Ranking gender-related data sources and evidence, policymakers said they most often use government data (79%), international data, such as from the UN (47%) and academic or research institution data (41%).
eTransform Africa also describes the work of technology hubs or incubators across Africa such as iHub and NaiLab in Kenya, Hive CoLab, and AppLab in Uganda, Activspaces in Cameroon, BantaLabs in Senegal, Kinu in Tanzania or infoDev's mLabs in Kenya and South Africa. Very heartening.
The 3rd Annual Artivist Film Festival & Awards ' mission is to strengthen the voice of international activist artists and raise public awareness of global issues. Barbra Streisand. This year's festival is November 9-12, 2006 at the Egyptian Theater in Hollywood, California.
Molotov is starting its international expansion this year with a dozen countries on the roadmap. In order to support its international expansion plans, the startup had to rework its infrastructure so that it’s more robust — it relies more on cloud hosting and it is partnering with more CDN companies. Image Credits: Molotov.
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