- Google has allocated $6 million to nonprofits and social enterprises in Kenya, Nigeria and South Africa using technology to deliver social impact in their communities.
- “While other people were looking at informal and rural communities as spaces full of challenges and poverty, [my experience] in underserved markets showed me how much wealth and opportunity there is,” Halan’s CEO Mounir Nakhla said.
- Paris-based energy impact investor Energy Access Ventures backed the firm to scale its pay-as-you-go home solar systems.
- The maternal and infant care venture has screened over 26,000 women in Nigeria, many from rural communities where mortality rates are higher than cities, and detected over 15,000 high-risk pregnancies.
Capria Fund’s first close was anchored by $20 million from Vulcan Capital, the family office of Microsoft co-founder Paul Allen, who died last month. (Microsoft’s other co-founder, Bill Gates, is also an investor.) The Capria Fund will invest in the network of funds in Africa, Asia and Latin America that have gone through its fund-manager
- The nine-year old fintech company's platform makes it easier for mobile money users to transfer money between services and financial institutions.
- The investment will help expend distributed solar energy to micro and small-and-medium enterprises in Kano, Nigeria’s second largest city.