Providing Reliable Power for DRC’s Underserved
The Democratic Republic of Congo has signed a $100 million solar-hybrid power deal with a consortium led by Gridworks, to provide electricity to half a million people across three cities that have no grid connection. Solar-hybrid systems combine solar power with another electricity generating energy source. For this 22-year concession, the back-up power source will […]
Nigeria Suspends Twitter
The Federal Government has suspended indefinitely the operations of the microblogging and social networking service Twitter in Nigeria. The Minister of Information and Culture, Alhaji Lai Mohammed, announced the suspension in a statement issued in Abuja on Friday, citing the persistent use of the platform for activities that are capable of undermining Nigeria’s corporate existence. […]
Tanzania Regains its Spot as Sub-Saharan Africa’s Foremost Gas Frontier-investment Destination
Tanzania plans to begin the construction of a delayed $30 billion liquefied natural gas project in 2023, following the resumption of talks with companies including Equinor ASA. Construction is expected to take about five years and the government has finalized compensation procedures with more than 600 residents of the southern Tanzanian town of Lindi to […]
Positioning Gokada at the Centre of Nigeria’s e-Commerce and Delivery Revolution
Nigerian startup Gokada, a last mile delivery, logistics and transportation platform, has launched a super app allowing customers to access food delivery, e-commerce, and ride hailing services in one place, on the back of crossing US$100 million in annualised transaction value. Founded in 2018 as a ride-hailing app, Gokada has evolved to become a leading […]
Investing in Green Infrastructure for African Cities
Africa is becoming more urbanised, with younger populations increasingly moving from rural areas to cities to find work. In September 2020, the World Bank and the European Investment Bank (EIB) launched the City Climate Finance Gap Fund, which aims to support the green and climate-resilient development of cities in low- and middle-income countries. Through donor […]
Fintech Remains the Most Funded Sector in Africa’s Startup Ecosystem and Bezos Wants In
Chipper Cash, a cross-border, peer-to-peer payment service, further substantiated this with yet another huge investment. The fintech startup, which was founded by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled in 2018, closed a $100 million Series C round this week which it will use to introduce more products and grow its team. This latest infusion […]
Akufo-Addo Challenges his Country to Produce Chocolate on a Commercial Scale
Ghana, the second largest producer after Côte d’Ivoire, accounts for about one-fifth of the world’s cocoa bean exports. But of $ 130 billion in the global chocolate industry, less than $ 2 billion flows into Ghana. From poor infrastructure to lack of manufacturing and market know-how, obstacles are formidable but people have been making chocolate […]
These are the Young People Crucial to the African Growth Story
Forbes’ 2021 class of under 30s are: influential creatives, imaginative business owners, innovative techies and gifted sports stars. Celebrating seven years of the FORBES AFRICA 30 UNDER 30 LIST, these achievers prove that now more than ever, they are crucial to the African growth story. The list celebrates young talent that comes to the fore […]
