In the last ten years PayGo – the method of distribution and financing of off-grid solar home systems (SHS) – has revolutionized the effort to bring clean, renewable energy to people in Africa without access to electricity. It is estimated that 490 million people are accessing energy through off-grid solar solutions worldwide. In Africa, nearly …
African countries have unique challenges when it comes to the cost of living. But at the end of the day, it all boils down to factors like economic policies, inflation, and the cost of essential goods and services. These are the main culprits that determine how much it costs to live in an African country. …
“The chronic instability and political deadlock since the coup in 2019 has had serious economic consequences in Sudan,” -Ovigwe Eguegu, Policy Analyst at Development Reimagined. Saturday, 15th of April was a day of terror in the North African country of Sudan as tensions between the army and the Rapid Support Forces (RSF) escalated to an …
In 2013, a water source, which could supply Kenya for 70 years was discovered in the arid Turkana region of the country. Turkana is one of the hottest and driest parts of Kenya, and it was hit by a devastating drought in 2012. Many of the region’s inhabitants, who are nomadic herders, became vulnerable to …
François Ameguide, Facctum Director of Business Development, Africa Facctum, a risktech company specialising in anti-financial crime solutions, is introducing its next-generation technology to Nigeria. These cutting-edge applications harness the power of parallel processing technology, giving Nigerian financial institutions new choices to modernise financial crime detection. François Ameguide, the Facctum Director of Business Development, Africa said …
The MTN Media Innovation Programme (MTN-MIP-2) kicked off on Monday, 15 May, with 20 selected media professionals in attendance. The Professional Programme which is being organised in collaboration with Pan-African University (PAU) is part of the telecom company’s drive to provide learning opportunities for media professionals in the country and to foster the best practices …
Volition Cap, a Nigerian-based asset management company empowering the middle class has secured a fund management license from the Nigerian Securities and Exchange Commission. The license according to the company allows its operations as a registered fund manager in Nigeria, as it prepares to launch a suite of retail and institutional investment products for Africans …
Gricd, a technology company that develops Internet of Things-powered solutions to support the last-mile delivery of perishable goods, has secured $1.5 million in a seed funding round. The funding round was led by Atlantica Ventures, with Vested World, Jaza Rift, and Katapult’s participation to expand across Africa and deliver new solutions that will make it …
M-KOPA, a fintech platform, has announced that it successfully secured $250 million in new debt and equity funding to expand its financial services offering to underbanked consumers across Sub-Saharan Africa. This marks one of the largest combined debt and equity raises in the African tech sector, enabling M-KOPA to continue its rapid growth, the company …
Businesses and corporate lawyers in Nigeria have been beset by several challenges from the Corporate Affairs Commission (CAC) portal, with pressing transactions coming to a standstill as a result. There has been significant downtime on the portal, which barely functions for more than an hour per day. “The portal is usually inaccessible during the day,” …