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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

AMI launches new francophone learning programs for French-speaking West Africa

WEST AFRICA – The African Management Institute (AMI), has launched a new series of francophone learning programmes to support the growth of small enterprises and provide practical business skills development in Senegal and across francophone West Africa. AMI’s launch event was held in Dakar, Senegal in mid-March, with over 50 business leaders, partners and clients in attendance. The pan-African organisation…

Read More

Nigerian ed-tech startup Klas secures US$130k seed round for expansion

NIGERIA – Klas, a Nigeria-based education technology company building the future of online teaching, has raised US$130,000 in an angel round to expand its global footprints of online schools. Klas is a virtual learning platform that allows anyone to open a virtual school as well as provide live lectures. Their goal is to unleash the power of knowledge exchange. The…

Read More

Unity Bank partners AltSchool to empower female software engineers

NIGERIA – Nigeria’s retail lender, Unity Bank Plc, has collaborated with AltSchool Africa to sponsor female students towards the acquisition of specialist software skills. This partnership is in commemoration of International Women’s Day (IWD) 2022 and an empowerment initiative to boost the capacity of the female gender. AltSchool Africa is a school for individuals looking to gain technical skills and…

Read More

Tanzania, World Bank sign loan agreement to improve education and land administration

TANZANIA – The government of Tanzania and the World Bank have signed two concessional loan agreements worth US$650 million for the improvement of education and land administration systems. According to Permanent Secretary in the ministry of Finance and Planning, Mr Emmanuel Tutuba, US$500 million will be spent on the ‘Boost Primary Student Learning Project,’ while the remaining amount will go…

Read More