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Global talent outsourcing company, Andela has announced the completion of a $100M Series D funding. The round was led by Generation Investment Management with participation from existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital. The most recent financing brings Andela’s total venture funding to...
Solar energy company, SolarNow has announced raising $9 million in debt arranged by SunFunder, a longtime debt financier for the company alongside co-lenders responsAbility and Oikocredit. The $9 million facility is SolarNow’s third structured asset finance instrument, or SAFI, arranged by SunFunder. It will enable the company to deploy 17,500...
Ahead of it's 2018 Annual General Meeting (AGM) scheduled for December 15th, Uganda's ICT Association, the umbrella organisation for private sector stakeholders within the ICT industry has released its Strategic Plan for 2018 - 2021. The ICT Association of Uganda seeks to champion digital inclusion, providing a range of benefits and support...
The ITU, United Nations specialized agency for information and communication technologies (ICTs), estimates that at the end of 2018, 51.2 percent of the global population, or 3.9 billion people, will be using the Internet. This is according to a new study published by the organization. This figure means more than...
Xente, Uganda-based payments, financial services, and eCommerce company, announced the launch of a new service that will enable moviegoers and bus travelers to book and purchase tickets with ease. The official launch of the service took place on November 10, 2018. Traveling by bus is one of the most cost efficient and common...
The Ugandan government recently approved a national broadband policy that industry experts warn could herald a nationalisation of the country’s telecommunications infrastructure; a move they say would cripple the Internet, hinder economic growth, and even threaten the interests of neighbouring countries. Many key stakeholders report not having been consulted during...
Uganda has been ranked as the most secure cyberspace in Africa in the recently announced Global National Cyber Security Index. Previously 2nd in the 2017 ranking, the elevation to the number 1 spot is exciting news for the nation. The National Cyber Security Index is a global index which...
Alibaba Group Holding Limited has today announced that Chief Executive Officer Daniel Zhang will succeed Jack Ma as chairman of the board of Alibaba Group. According to the announcement, Mr. Ma will continue as executive chairman of the company over the next 12 months to ensure a smooth transition of...
Online career development and talent management firm, Fuzu has announced a milestone of a half a million (500,000) registered users in Uganda since their launch in May this year. With the aim to satisfy the need for new innovative solutions that are focused on the job seeker; who they...
Leading pay-go energy company Fenix International, part of global utility ENGIE, has reached 30,000 Zambian households just 9 months after expanding into the country in partnership with telecom MTN. This rate of growth exceeds the company’s initial expectations and far outpaces the industry average, cementing Fenix’s place as a market leader...