Cellulant, an African digital payments service provider bagged $47.5 million from Rise Fund, an impact fund run by private equity group TPG Growth though details of the stake still unclear. The investment is not only currently Africa’s largest in the fintech arena but also it is unique to Cellulant as the company is “for Africa, by Africans, in Africa” according to its mission statement. “Across Africa, expanding easy-to-use and low cost mobile banking offers immense potential for impact and Cellulant is at the leading edge of that work,” said Bill McGlashan, CEO and co-founder of The Rise Fund in a press statement. “We’re excited to invest in African entrepreneurs like Ken and Bolaji to help them grow their businesses and expand their impact on society. Cellulant is a perfect part
Africa’s abundant natural resources and urgent need for power mean that it is one of the most exciting and innovative energy markets in a world that is moving rapidly towards clean, renewable energy sources. The continent’s energy industry is taking new approaches to providing unserved and underserved communities with access to power, with an emphasis on smart technologies and greener energy sources. Power systems are evolving from centralised, top-down systems as interest in off-grid technology grows among African businesses and consumers. And according to PwC, we will see installed power capacity rise from 2012’s 90GW to 380GW in 2040 in sub-Saharan Africa. Power utilities are needing to rethink their business models and how they manage and monetise their assets to keep pace with
The African agri-tech space is booming, with the number of startups operating in the market growing 110 per cent over the past two years, and over US$19 million invested into the sector in that period. The Agrinnovating for Africa: Exploring the African Agri-Tech Startup Ecosystem Report 2018, released today by Disrupt Africa, records 82 agri-tech startups in operation across Africa by the start of 2018, with 52 per cent of these ventures launched in the past two years. The report tracks annual startup activity in the agri-tech space as early as 2010, but finds this activity remained limited until the end of 2015. The current boom began in 2016, and over the following two years 43 new ventures launched across Africa. The research shows that while Kenya was the early pioneer of...
YouTube understands the importance of showcasing and celebrating the hottest artists, songs and music videos from around the world. They rolled out a new and improved music charts experience for 44 total global destinations including US, Japan, Germany, Brazil and the U.K. at YouTube.com/charts. The YouTube charts now include a new Trending chart, as well as improved charts for Top Songs, Top Artists, and Top Music Videos all in one spot. With more than 1.8 billion global monthly users, YouTube charts is the new go-to destination to see what’s popular, what’s rising and trending both locally and globally on YouTube. The new charts are based purely on the number of views and are a reflection of the success achieved by artists on the world’s most expansive music platform. The new
Wearable technology is more than a fancy arm piece with the ability to count your steps. It is technology that is revolutionising the health and fitness industry. As technology progresses, the market for wearables continues to expand. When looking to purchase a wearable device, one is often bogged down by the sheer quantity of products available – and before you have unboxed your device, a new model has been released. Vernon Foxcroft, Business Development Manager at Apple Premium Reseller, Digicape, says that when purchasing a wearable device integration should be the primary focus. “Wearables need to ‘talk’ to an individual’s existing hardware.” Foxcroft says that this is where Apple has the advantage. “Aesthetically, Apple’s sleek design ensures that a wearable device is effor