TLDR Kenyan asset-financing startup M-KOPA has reported its first-ever profit after more than a decade of operations across Africa The Nairobi-based company posted a KES 1.2 billion ($9.2 million) profit in 2024, reversing a KES 3.2 billion ($24.7 million) loss in 2023 Founded in 2011 to provide solar home systems on credit, M-KOPA has since…
New York — As the world’s youngest and fastest-growing nations, LLDCs are home to immense untapped potential, yet remain cut off from the currents of international commerce and opportunity. Imagine being surrounded by opportunity, yet separated from it by mountains, borders, and vast distances from the nearest port–this is the daily reality for the world’s…
From their origins as Lulalend, a pioneering digital lender, the fintech founded by CEO Trevor Gosling and CTO Neil Welman has evolved into a comprehensive digital business banking platform (Lula), consistently demonstrating innovation, agility, and a deep understanding of the unique challenges and opportunities faced by South African SMEs. “We have evolved in leaps and…
Sub-Saharan Africans boosted their savings at the fastest pace in more than a decade, driven by the growing impact of mobile money accounts across the continent. The share of adults in sub-Saharan Africa who saved through formal channels surged by 12 percentage points to 35% in 2024, the second-highest regional rate after East Asia and…
What Exactly are We Accelerating? The African Union has made headlines with the Nouakchott Declaration, marking the launch of the Decade of Education beginning from this year, 2025-2034 – a ‘Decade of Accelerated Action for the Transformation of Education and Skills Development’. The announcement was bold, backed by concrete commitments: 4-7% of national GDPs to…
By 2050 the global market for non-military drones is expected to have transformed how goods and people move across cities and rural landscapes. In South Africa, where road access remains limited in many regions and urban congestion chokes daily logistics, drones present an opportunity to leapfrog legacy infrastructure and reimagine mobility from the sky down…
