Standard Bank Group Successfully Executes Loan Facility For Eastcastle Infrastructure In Partnership With The IFC
The new financing will support digital infrastructure growth in the DRC Standard Bank Group has partnered with the International Finance Corporation (IFC) to successfully execute a USD 92 million loan facility for tower operator Eastcastle Infrastructure. The financing will support new telecommunications infrastructure throughout the Democratic Republic of Congo (DRC) and improve African access to the […]
Priming Africa’s SMEs For Growth Is Essential To Helping The Continent Reach Its Potential
Although small and medium businesses (SMEs) account for 95% of all registered businesses and contribute about 50% to the total GDP of sub-Saharan African countries, entrepreneurs still face major obstacles to growth and prosperity. Addressing their needs is essential to creating a prosperous Africa, says Standard Bank. As more than 40% of SMEs in developing […]
10th Angel Fair Africa – My Unconventional Path To Angel Investing
Eric Osiakwan In 2002, I co-founded the Ghana New Ventures Competition (GNVC) with four Massachusetts Institute of Technology (MIT) students. Mawuli Tse introduced his fellow MIT colleagues Victor Mallet, Baafour Asiamah-Adjei, Kojo Hesse and William Tetteh, who were running the MIT $50K competition and wanted to bring it to Africa. In collaboration with this dynamic […]
Maasai Entrepreneur Richard Turere (22) Wins Young Inventors Prize For His Light System To Protect Livestock, Livelihoods And Wildlife
The European Patent Office (EPO) announced today that Maasai inventor Richard Turere has won first place in the Young Inventor Prize at the European Inventor Award 2023. Turere was distinguished for developing a system to ward off lions and other predators from livestock using light sequences in order to protect his community’s livestock without harming the endangered lions. “Today, […]
Natural Gas Represents Tremendous Opportunities for Africa — We Must Seize Them Now
By NJ Ayuk, Executive Chairman, African Energy Chamber Around a dozen African countries are now generating their own electricity with gas they either produce themselves or import Although Africa’s natural gas production is expected to remain relatively flat over the next two years — increasing only slightly, from 268 billion cubic meters (bcm) today to […]
United States Agency For International Development (USAID) Commits $3 Million To African Water Facility To Accelerate Preparation Of Water And Sanitation Investment Projects In Africa
The Facility has provided €205 million in grant funding for water and sanitation projects in Africa and enabled over €1.7 billion in downstream investment in the water and sanitation sector The United States Agency for International Development (USAID) (https://www.GlobalWaters.org/) has committed $3 million to the African Water Facility (AWF) (https://apo-opa.info/3JiWiOu). The funding will support the […]
Namibia: Urban Areas To Receive Boost As African Development Bank Fund Approves Grant For Solar Electricity In Informal Settlements
The “Informal Settlement Renewable Electrification and Upgrading Program” will directly benefit around 200,000 people in Windhoek, where around 20% of the population does not have electricity The African Development Bank’s (www.AfDB.org) Urban and Municipal Development Fund (UMDF) (https://apo-opa.info/43CHYIN) has approved a grant of $485,000 for a solar electricity project in Namibia that will power some […]
