Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe Log In

GSMA launches digital inclusion fund for Africa

ImpactAlpha, October 29 – GSMA, the industry network for mobile operators, is using a grant-based fund to seed companies in Uganda and Ghana focused on digital inclusion, particularly for rural residents.

Recent GSMA research notes that countries with “high levels of mobile connectivity have made more progress in meeting their SDG commitments.” Rural areas often lag in connectivity because they are the most expensive to reach due to the infrastructure costs.

GSMA’s fund, called the Innovation Fund for Rural Connectivity, is looking to help “close coverage gaps in rural areas so that more citizens have access to life-enhancing mobile services.” It is specifically targeting businesses working in core digital infrastructure, like base station technology, energy and backhaul, as well as passive infrastructure, operation and maintenance, or which are testing sustainable business models.

DFID, the U.K. development agency, provided £300,000 ($390,000) for the fund.

You might also like...