Author: Nasha Harper

Sun King Parent Firm Greenlight Planet Raises $60M to Finance its Off-Grid Solar Business in Africa

Sun King Parent Firm Greenlight Planet Raises $60M to Finance its Off-Grid Solar Business in Africa

Broadband, Business
Sun King solar brand’s parent firm Greenlight Planet has raised $60m in equity and debt led by London-based private equity fund manager Apis Partners with participation from existing shareholders Eight Roads Ventures and Bamboo Capital Partners. Debt investments included new disbursements from the company’s earliest institutional lenders, Deutsche Bank and Global Partnerships, as well as from SunFunder, PG Impact Investments, responsAbility and SIMA Funds. Greenlight Planet says it will use the new debt and equity capital to expand its solar-energy product lines, distribution networks, and financing capabilities in Africa and Asia.There, over a billion people lack reliable access to electricity, finding it too expensive or unavailable. According to Patrick Walsh, Co-Foun
BitPaya would help you trade Bitcoin and Ethereum in Nigeria

BitPaya would help you trade Bitcoin and Ethereum in Nigeria

Business
No doubt, cryptocurrency is on a major rise in Nigeria, Africa and the world. Many people have turned their attention to this “gold mine” whose value is on an upward spiral. But then, there has always been a problem on trading in cyptos for Nigerians. Now this is where BitPaya comes in. Bitcoin and Ethereum are like the two most popular and traded cryptos in the world, and new platform BitPaya is bringing ease to trading with them. On the BitPaya platform, you can trade Bitcoin and Ethereum with extreme ease in Nigeria. According to a press release by the founders, “The importance of cryptocurrency cannot be over emphasised, its clearly the future of money and it has come to stay for as long as anyone can imagine.” They noted that “Buying Bitcoin and Ethereum has been a challeng
Travelstart acquires SafariNow.com for an undisclosed sum in a consolidation move

Travelstart acquires SafariNow.com for an undisclosed sum in a consolidation move

Business
Online travel agent Travelstart has bought a majority stake in Cape Town-based SafariNow.com, South Africa’s largest accommodation booking website. SafariNow.com has both the informal (self-catering and vacation rentals) and formal sector (hotels, guesthouses, bed and breakfasts). “We want to supercharge our accommodation offering and with more than 23 000 listings on SafariNow, we can give our customers much better choices,” said Travelstart’s founder and CEO Stephan Ekbergh. SafariNow.com will stick to its core business of selling accommodation and retain its current brand, CEO and team. Though SafariNow will continue to run as a standalone business, it’s 40-man team sees Travelstart fast-track the growth of its accommodation offering. “Travelstart shares our mission of transfo
Jamii Telecoms Launches Data Focused Faiba 4G Mobile Network

Jamii Telecoms Launches Data Focused Faiba 4G Mobile Network

Internet, Mobile, Startups
Jamii Telecommunications has launched its Faiba 4G mobile network in Nairobi, a move expected to fuel a data price war with competition Safaricom, Telkom Kenya, Airtel and Equitel. Faiba Mobile will be JTL’s next frontier after aggressively pursuing broadband connectivity in the corporate, home and retail market segments in Kenya. Jamii Telecoms will offer mobile phone services with the prefix 0747 after the company invested Sh5.1 billion in its network infrastructure and successfully launched commercial trials. Getting its footing in an already crowded race, JTL will have to fend off increased competition in the data market already hogged by telecom giant Safaricom which is growing its mobile data and the home internet market with Safaricom Home. Faiba 4G, which is expecte
ICT has a key role to play in transforming African agriculture

ICT has a key role to play in transforming African agriculture

Technology
"Work by CTA has demonstrated that ICTs have a key role to play in transforming African agriculture through improving productivity and market access and catalysing youth entrepreneurship,” says Michael Hailu, CTA director. “For example, one of the things we have been doing is to engage young ICT professionals through a hackathon to develop smart ICT solutions for an agricultural problem (e.g. helping smallholders to access credit). The winners are given mentoring support over a period of 6 months in business skills and so on, which allows them to grow their business and attract investors and donors.” Bringing ICTs to young entrepreneurs AgriHack Talent, a CTA supported project launched in 2013, encourages young entrepreneurs to apply their ICT knowledge to agricultural problems. Severa