ING finances its first social impact loan in Ghana to boost education sector

GHANA – International corporate banking institution that operates as a subsidiary of ING Bank, ING has financed its first social impact loan in Ghana ING’s Structured Export Finance teams in Amsterdam and Frankfurt, with support from the Sustainable Finance team, closed the US$185.37million commercial and credit export facility, which is covered by SERV (Swiss Export Risk Insurance) The loan, which…

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MTN Nigeria to invest US$722k in its Media Innovation Programme (MIP)

NIGERIA – Technology company, MTN to invest over N300 million (US$722,862) in its Media Innovation Programme (MIP) targeted at empowering journalists in the country. Through the program, which is being organized in partnership with the Pan-Atlantic University, MTN will train 20 Nigerian media practitioners. The training includes digital skills, improvement in writing, and reporting skills through group presentations and sessions…

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Edtech startup Sayna raises US$638k in seed round to expand geographically

MADAGASCAR – Sayna, a Madagascar-based edtech and crowdsourcing platform, has raised US$638,000 in its first seed round of funding from international venture capital firms including Launch Africa Ventures, Orange Ventures, and the MAIC Investors Club. This funding will enable the Malagasy startup to grow into other geographies, transforming it into a global enterprise. “This funding will enable us to complete…

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Edtech startup Ubongo appoints Mwasi Wilmore as new CEO

TANZANIA – Ubongo has appointed Mwasi Wilmore as its new CEO to lead the organization into a new era of Pan-African growth and sustainable impact. Ubongo is a pan-African, non-profit social enterprise aimed at significantly improving school readiness and learning outcomes and promoting social and behavioral change communication through localized edutainment (educational entertainment) for kids and their caregivers.  Mwasi joins…

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assistALL launches to provide sign language interpretation services in Kenya

KENYA – assistALL, an innovation by Signs Media Kenya Limited, has officially launched to provide sign language interpretation services in Kenya and bridge the communication gap between deaf persons and healthcare providers in Kenya. Initially planned to help during the Covid-19 pandemic, the app is now open to users in the higher education sector, healthcare, judicial system, government services and…

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Empower Smart launches region’s first fully automated digital escrow app

KENYA – Kenyan startup Empower Smart Limited has launched the region’s first fully automated digital escrow app in a bid to streamline the E-Commerce sector. An escrow is a financial and legal agreement designed to protect Buyers and Sellers in a transaction. For a fee, an independent third party holds payment until everyone fulfills their responsibilities in the transaction. With…

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UK launches US$117m initiative to improve quality and access to education in Tanzania

TANZANIA – The UK Minister for Africa, Latin America and the Caribbean, Vicky Ford, has launched a £89 million (US$117.17m) major new education initiative that will improve the quality and access to education for over 4 million children in Tanzania. The education programme Shule Bora (meaning ‘quality education’) will improve learning outcomes for all children. Special emphasis will be given…

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Egyptian edtech startup Sprints bags US$1.2M in series A funding round for expansion

EGYPT – Sprints, an Egypt-based edtech startup that offers guaranteed hiring programs has secured a US$1.2 million series A funding round to accelerate expansion in the country. The funding round was led by Alexandria Angels Network as well as participating members of MED Angels and other investors such as AUC Angels, Cubit Ventures, Challenge Fund, EdVentures, Falak Start-ups, and Cairo…

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University of Free State secures US$0.75m grant from HMF to advance its drone imaging

SOUTH AFRICA – The University of Free State (UFS) has received an R11 million (US$0.75m) grant from the Hans Merensky Foundation (HMF) to advance geological drone imaging in South Africa. Dr Khotso Mokhele, president of HMF, recently signed the multimillion-rand five-year research grant agreement with the UFS. The research grant funding was made by the Merensky group for Aerial Geological…

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Bolt launches second edition of Women in Tech internship program

KENYA – On-demand transport platform Bolt has rolled out the second edition of its Women in Tech internship program in Kenya. Launched in 2021, the programme dubbed #Drive4WITech aims to train, mentor and empower young women seeking to jumpstart their careers in the tech space regardless of their fields of study. Participating women get access to Top Bolt executives with…

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