Good Morning Africa

Edtech Funding Challenges Amid African Digitalization.

March 18, 2024 The K Financial Episode 51
Edtech Funding Challenges Amid African Digitalization.
Good Morning Africa
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Good Morning Africa
Edtech Funding Challenges Amid African Digitalization.
Mar 18, 2024 Episode 51
The K Financial

🎙Edtech startups in Africa raised $24.6 million or 0.7% of Africa’s total funding in 2022, according to data from Disrupt Africa.

🎙Prime Energy Plc a hydropower company received approval from the Capital Market Authority in Rwanda to issue the country's maiden green bond.

🎙The regional bank, Equity Group beat its African peers to emerge the strongest banking brand on the continent and second in the world, according to the 2024 Brand Finance rankings.

🎙Nigeria's annual inflation rate soared to a fresh 1996-high of 31.7% in February 2024, up from 29.9% in January and above market forecasts of 31%, mainly due to the effects of oil subsidy removal and devaluation of the naira.

Show Notes

🎙Edtech startups in Africa raised $24.6 million or 0.7% of Africa’s total funding in 2022, according to data from Disrupt Africa.

🎙Prime Energy Plc a hydropower company received approval from the Capital Market Authority in Rwanda to issue the country's maiden green bond.

🎙The regional bank, Equity Group beat its African peers to emerge the strongest banking brand on the continent and second in the world, according to the 2024 Brand Finance rankings.

🎙Nigeria's annual inflation rate soared to a fresh 1996-high of 31.7% in February 2024, up from 29.9% in January and above market forecasts of 31%, mainly due to the effects of oil subsidy removal and devaluation of the naira.