As it calls for climate finance, Africa can showcase homegrown fixes that are beginning to blunt the fallout from rising heat and failed rains. African climate projects are restoring worn-out farmland, bringing back coastal mangrove forests and moving loans to smallholder farmers at a scale that is starting to show up in national figures. Backers…
Adam and Tim Strike, co-founders of Mission Mobile. Mission Mobile has secured R500 million in funding from South African investment holding company DN Invest (DNI), as the mobile technology start-up prepares to scale its work with mobile network operators (MNOs). The Johannesburg-based company says it secured the funding from DNI’s own resources and ring-fenced debt…
Kigali — Agriculture remains underfunded in Africa as governments struggle to deliver on decades-old promises to dedicate 10% of national income to agriculture. But for many farmers, mobilising finance is only half the battle. Reaching smallholder farmers in the last mile with the little available finance remains a challenge. Some of the funding is heavily…
The Global Environment Facility (GEF) says Africa remains the largest regional beneficiary of its funding, receiving about 30 per cent of available resources. The Global Environment Facility (GEF), a family of funds supporting environmental action globally, says African countries are the largest beneficiaries of its funding for sustainable environmental projects. Ulrich Apel, GEF Senior Environmental…
South Africa’s growing shortage of engineering and information technology skills is putting pressure on the country’s infrastructure, digital economy and innovation ambitions. The Ikusasa Student Financial Aid Programme (ISFAP) is calling for stronger collaboration between government, schools, universities, industry and funders to help address the gap. Source: Supplied. Recent reports indicate that only 42% of…
Mombasa, Kenya — As funding shrinks, civic space narrows and opposition to sexual and reproductive rights grows across Africa, advocates are gathering in Mombasa with a simple message: progress cannot be taken for granted. More than 250 advocates, policymakers, youth leaders, healthcare providers, researchers, civil society organisations and community leaders from across the continent have…
Yellow Card, a leading global stablecoin infrastructure provider, today announced the successful closing of a $40 million strategic funding round, with investment from SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and additional strategic investors. The funding will scale Global USD Accounts, Yellow Card’s end-to-end dollar account for businesses, and expand…
Fintech firm Moment raised R362 million in a Series A funding round led by AlphaCode Venture Partners. Pan-African fintech firm Moment has announced the close of its $22 million (R362 million) Series A funding round. The investment, led by AlphaCode Venture Partners, with continued investment from General Catalyst, MultiChoice, and fresh investment from Canal+, rounds…
Ending the military-heavy AUSSOM gives the AU space to develop a political mission focused on long-term stabilisation. After nearly 20 years of operations, the African Union Stabilisation and Support Mission in Somalia (AUSSOM) is no longer tenable. On 1 July, the United States (US) notified the AU that it would not provide funding for the…
Addis Ababa, Ethiopia — Africa’s digital revolution is gathering pace, but the financing needed to sustain it remains uneven, fragmented, and often out of reach. To bridge this gap, African multilateral financial institutions, policymakers, development partners, and private sector leaders are calling for a more coordinated, innovative, and better-structured financing approach to support Africa’s digital…
